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All Forum Posts by: Jeremy Torres

Jeremy Torres has started 35 posts and replied 114 times.

Post: Buying a quadplex

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33

What I meant was should I get the four plex or just keep with SFH? Pros/cons of investing in multi family near tenants?? As for financing should I do conv /fha ? Pros/cons?

Post: Buying a quadplex

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33
it’s been on the market 75 days.  2 of the rents are 975, 1 is 1000  

Quote from @Tim Delaney:

Those are all pretty vague questions. How long has it been on the market, what condition is it in, what do the numbers say? Why not work with an agent to craft a strong offer if it’s a good deal, don’t just lowball for the sake of lowballing. As for the loan since you already have rentals, you will probably be fine with a conventional.


Post: Rental market in Victoria Texas

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33
No way!  Victoria tx??   I currently live there. Born and raised.   I own and manage 5 single family homes. 

Quote from @Josh Wells:

Hello everyone,

Does anyone have any experience in the Victoria Texas area with rental?

Just wanting your thoughts on investing In this area?

Thanks.


Post: Buying a quadplex

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33

there’s a 4 plex for sale in my area for $386k I’m wondering if that’s a good price? And if it’s worth it?  I already have 5 rentals jsut trying to scale  little bit.   My plan is to live there for a year then move out and rent the 4th one.  When I submit the offer I’m thinking of lowballing though to see what their counter would be.   As far as financing what would be a good loan?  Conventional or fha ? 

Post: Cash out refi

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33

Great!  I’ll inbox you

Post: Cash out refi

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33
Quote from @Jeremy Torres:

Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

@Brittany Minocchi   I want to refinance a rental.  

Post: Cash out refi

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33
Quote from @Brittany Minocchi:

Hey Jeremy! 

I'm not physically in Texas, but I'm happy to answer any questions you have. The first steps would be to try and estimate the property's current value vs. what your payoff, determine what LTV you qualify for and see how much equity you have to work with. As for closing costs, you shouldn't have to pay anything out of pocket, the costs would be deducted from the cash you pull from the property. Feel free to connect.


 thanks so much I’ll inbox 

Post: Cash out refi

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33
Quote from @Devin Peterson:
Quote from @Jeremy Torres:

Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts. 

I’m just trying to I guess get an appraisal on my rental and see if I can cash out refi my house to pay off some personal debts. And how much in closing costs would I have to pay out of pocket.


 Hey jeremy, sometimes the best options may not be local I recommend asking some qualified investment focused brokers 


Post: Cash out refi

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33
Quote from @Erik Estrada:

Hey Jeremy, 

What questions did you have?

I’m just trying to I guess get an appraisal on my rental and see if I can cash out refi my house to pay off some personal debts.   And how much in closing costs would I have to pay out of pocket. 

Post: Cash out refi

Jeremy TorresPosted
  • Rental Property Investor
  • TX (texas)
  • Posts 116
  • Votes 33

Looking for a Texas lender that can answer some questions or give opinions on doing a cash out refi on a rental property to help pay off personal debts.