All Forum Posts by: Jaime Torres

@Josue De La Torre

That’s an awesome way of thinking. I hope I learned this stuff a lot sooner. I have been looking around this area and to me everything out there right now is expensive. Hope you find something out there that works for you.

@Leopoldo Vazquez

Another option is cash out refinance. Banks will let you take out 70-75% of the value of the property. You will then have a Mortgage on the property but cash to acquire additional investments.

IBC, SSFCU, Willowbend offer cash out refis.

@Jason C.

Congratulations on your 10 SFHs. Can you explain briefly on how you accomplished this goal. I personally have 1 SFH and 1 MFH but it is difficult without having 20% Downpayment to acquire another property. How did you leverage your properties to now have 10 total. Thanks for sharing

@Boone Tyson

Great job those numbers look great. I have been looking around but everything in the RGV In my opinion is overpriced right now. I am looking at MFH to invest in but everything is 350-400k. I recently bought a triplex for 150k and remodeled it, in the process of cashing out and getting my money back so I can re-invest. I’d be interested in the meetup as well. Please keep us informed.

@Boone Tyson

Awesome job! Where was the location of this property?

@Joshuah Mundy

For investments purposes most banks require 20-25% down. I just acquired my first MFH and had to put the 20% down. You can also house hack as you buy a duplex/triplex/ quad and possibly only have to put down the 3-5%. After a year you can get out and do it all over again. Hope this helps.

@Allan Szlafrok

That’s a great idea. I will try that with my rentals for sure. Thanks

What’s a good place to acquire rental leases for the state of Texas?

What are some main points that I should require for future tenants that have helped you?

Attorneys are charging over $500 for a simple rental lease. Is this reasonable or can I get something cheaper?

@Kendall Short

Awesome job...this is only the beginning.

Hello everyone,

What house should I use a HELOC on?

House #1- Free and Clear appraised at 105k

House #2- Appraised at 200K, owe 75K

Am looking at a couple single family homes to invest, with the money from the HELOC. Which is the better strategy and why?