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All Forum Posts by: Kenyon Berry

Kenyon Berry has started 9 posts and replied 12 times.

Post: 203k Loan vs FHA w/ Out of Pocket Rehab??

Kenyon BerryPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 13
  • Votes 3

Question for the seasoned investors. Looking to purchase a Live-In Flip and make extensive repairs. Would it make most sense to go for a 203k FHA or just a traditional FHA and make rehabs to the property out of pocket over the course of my time living there? My thought would be to go traditional FHA route and pay rehab cost out of pocket so when I go to refi I can pull as much equity as possible but curious on what are some you guys thoughts ?

Post: Wholesaling in Texas

Kenyon BerryPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 13
  • Votes 3

Hi guys, I’m new to wholesaling in Houston. Just wanting to connect with other like-minded REIs on BP. 

Still trying to wrap my head around the proper contracts to use. So I’ve got a couple questions.

1) When I’ve found a seller that has agreed on a number am I presenting the TREC 1-4 contract with the clause “or assignee”

2) Once I’ve got my cash buyer is there an addendum or different contract that should be presented?

3) Is there anyone that has an example contract they wouldn’t mind sending for me to review? If so, that would be great.

Thanks