All Forum Posts by: Joshua Telles

Hello Everyone! 

We have been getting some traction with our newest midterm rental, it has been ranging from month-month, 3-month and just got an inquiry for a 12-15 month lease. One question that keeps coming up is the process of how mail is distributed; we currently have an electric mailbox (able to change access codes via phone) and will deposit their mail if the main mailbox has any of their personal mail.

We have our important documents being mailed into our mailbox and are hesitant to let them have access to this mailbox. Is there another process or route that anyone can give more insight to this? We thought about the P.O box but the nearest mailbox is quite a distance from the rental. If anyone has any feedback it would be greatly appreciated. 

TIA!

Hey everyone! 

I have been talking with a few other real estate investors, some suggest to create a website to funnel potential tenants, setting up an automation phone line, and a callers list for screened tenants.

currently have two rental properties. One has been rented out for four years same tenants and the other one is newly acquired and have been trying to find the best platform to market it (furnished finder, Zillow, Airbnb, etc)

Would the suggestions from the real estate investors be excessive or something to look into?

thank y'all for all your help!

hello everyone!

My fiancé and I just recently purchased our second rental property and have listed it on Furnished find. One of the roadblocks weir running into is the potential tenant will keep communication and go silent once we bring up background checks. I wanted to reach out to y’all and see if this is a common experience or if we are doing something wrong with our process. Thank you all for your feedback!

 The first property is worth 326k and the second is worth 220k 

Hello Everyone,

I'm searching for a lender that is able to do a 500k consolidation loan, my current debt with my assets sits at: 480k (2 rental properties, 1 vehicle, 1 Heloc). A couple investors have told me it would be advantageous to go ahead and consolidate everything into one loan. 

Given the current market rates and 800 credit score, what would that look like monthly on the 500k loan? 

I appreciate anyone that can steer me to a lender that is open to these type of loans.

Thank you in advance!

Property 1 = 209k balance (349k value) 2.6% on a 20yr conventional 

Property 2 = 170k (218k value) 5.6% on a 30yr conventional

(approximating on original post but total mortgage debt 380k)

 My thoughts exactly, couldn't wrap my head around consolidating my current interests rates (LTR: 2.6% and MTR: 5.6%) would be too hard to justify. 

Trying to wipe this debt out fast as I can without having to keep doing crazy hours at my W2 lol 

Thank you again Chris!

Hello Everyone,

I was talking to an investor in regards to financing and his suggestion was to get a 500k loan to put towards all current debt, but wasn't sure all the factors that may be implicated with going this route.

My current portfolio has 2 properties (1 LTR, 1 MTR = 370k), and current debts: HELOC at 54k and a vehicle at 40k.

The investor's theory behind his suggestion was to use the 500k loan to wipe all debt and only pay on the new loan, I'm not sure if this would be advantageous financially due to my current debts monthly payments set at: 

LTR = 1900

MTR = 1500

HELOC= 550

Vehicle = 850

Total = 4800 monthly 

At current loan rates for 500k, and a 800+ credit score be a lower monthly than the $4800? 

Thank you in advance for any information/guidance to this scenario 

Hello Everyone! 

My name is Joshua, I'm a San Antonian born and raised (Go Spurs Go!). I'm fairly new to the real estate game and currently have 2 properties; 4 bed 2 1/2 bath renters have been in there going on their 5th year, and a new 3 bed 2 bath we're looking into using for a midterm.

I work as a radiology manager for Methodist and been with them going on 10 years. I've been blessed to have networked with a lot of nurses, management, and recruiters with my position. I'd like to slowly move towards the investment and property management to hopefully replace my W2 income, slowly but surely. 

I'd love to connect and network with y'all, I'm in the business of helping people grow, and I love learning new things; processes and strategizing.

Feel free to shoot me a message!  

 Hello Chris, 

Was looking it up on google and got mixed messages regarding the notary. For the very first year of the tenants living at the property I was under the impression that a notary was required to make it a binding contract. (at the time and currently still new to the Texas landlord/investment business). 

And thank you for replying so quickly, I greatly appreciate it!