All Forum Posts by: Joe Wright

Mostly north of HW 80. West of the medical district and near Pine Tree and Spring Hill schools.

Hi Zach. I have 5 houses in Longview one of which I BRRRR'd. Have you had much success BRRRR'ing in Longview?

Christopher, I have used the same realtor the past three years to buy my properties in Longview and Kilgore. She's also very familiar with White Oak. I'll DM you her email address.

Try Flagstar bank https://www.flagstar.com/. I financed three houses in Longview with them last year. Good luck!

That's everyone for the detailed feedback. This falls in line with our gut feeling on those areas.

We have a few properties in near by Longview and we're considering extending into Gladewater and Kilgore texas as well. Would appreciate any insight anyone might be able to provide regarding the economy and rent potential in those areas. My realtor thinks they would be good investments however I would appreciate feedback from others.

Deanna, she will send me a statement each month showing the rent payment and that it is applied to my balance.  I believe the accounting will be the same in the end although I haven't spoken to my CPA yet on how to track it.  They do not have a lien on the property.

Last month I purchased my first rental (2hrs away) and the property manager I chose handled the make ready via her husbands construction/rehab company.  She charged 10% of the rehab/make ready cost to manage the rehab 100%.  So far I really like what they's done.  After the rehab was completed I expected to pay for the rehab plus her 10%.  Instead she said they typically keep the tenant rent until they're paid back.  Is that normal?  She said they built that into their business model but would be fine if I wanted to pay it all up front.  Of course cash preservation is a priority so I've decided to follow her suggestion. As we're about to purchase our second rental I wanted to get some advice if this is a reasonable approach or is there a downside I'm not seeing.  Appreciate anyone's insight.  Still a newbie and figuring out what to expect.  Thanks!

@Andrew Postell Appreciate the referral!

Quickly approaching our first purchase in Texas and would like to consult with a local Real Estate CPA that also invests.  Appreciate any suggestions.