All Forum Posts by: Kyle Allbright

So I currently have 3 properties and I want to purchase another one but the issue is I've maxed out DTI. What other methods should I use to acquire another property? I've been thinking DSCR but don't they typically have higher down payments and closing costs? I was also thinking of looking for seller finance deals. What are you guys thoughts for my best course of action?

We're in the exact same boat my friend. I'm currently getting under contract on a property for rent in Texas, our 4th, via DSCR.

Hoping it’ll be a successful move.
P. S. I wouldn't worry about the higher dp because any investment property is going to require 20% down , like a DSCR

Hey Kyle,

What are/have you been using for your DP on these purchases via DSCR? and if you're re-financing after rehab, can you do it via another DSCR?

I've been searching for threads/experience purchasing via DSCR (using HELOC as down payment + rehab) and then cash out-refi at 6mo & pay off HELOC...am I missing something?

Hey Jacob!

That sounds like a plan in my humble opinion.
I ended up going hard money , then refi into a DSCR, after 1 HM payment.
I did use funds from equity, to purchase the 4th, which was UHF one refi’d into DSCR.

Hope this helps and feel free to reach out!

1 Vote

Detroit, Michigan

Quote from @Kyle Allbright:

Quote from @Eli Kim:

Quote from @Kyle Allbright:

Quote from @Eli Kim:

Quote from @Kyle Allbright:

Quote from @Eli Kim:

Hey guys,

We're in the exact same boat my friend. I'm currently getting under contract on a property for rent in Texas, our 4th, via DSCR.

Hoping it’ll be a successful move.
P. S. I wouldn't worry about the higher dp because any investment property is going to require 20% down , like a DSCR

Let me know how that turns out! I know It differs lender by lender but I'm curious what CC's are like with DSCR. I was fortunate enough to find a lender with 15% down for my previous properties

For sure, man, I’m sure it varies by state with Lending but in Texas 20% down is pretty standard on investment properties. Stinks.

How are the rents in Texas?

pretty good!

I'm in the metroplex/dfw so definitely good and virtually no vacancies as far as when they're turned

0 Votes

Detroit, Michigan

Quote from @Eli Kim:

Quote from @Kyle Allbright:

Quote from @Eli Kim:

Quote from @Kyle Allbright:

Quote from @Eli Kim:

Hey guys,

We're in the exact same boat my friend. I'm currently getting under contract on a property for rent in Texas, our 4th, via DSCR.

Hoping it’ll be a successful move.
P. S. I wouldn't worry about the higher dp because any investment property is going to require 20% down , like a DSCR

Let me know how that turns out! I know It differs lender by lender but I'm curious what CC's are like with DSCR. I was fortunate enough to find a lender with 15% down for my previous properties

For sure, man, I’m sure it varies by state with Lending but in Texas 20% down is pretty standard on investment properties. Stinks.

How are the rents in Texas?

pretty good!

1 Vote

Detroit, Michigan

Quote from @Eli Kim:

Quote from @Kyle Allbright:

Quote from @Eli Kim:

Hey guys,

We're in the exact same boat my friend. I'm currently getting under contract on a property for rent in Texas, our 4th, via DSCR.

Hoping it’ll be a successful move.
P. S. I wouldn't worry about the higher dp because any investment property is going to require 20% down , like a DSCR

Let me know how that turns out! I know It differs lender by lender but I'm curious what CC's are like with DSCR. I was fortunate enough to find a lender with 15% down for my previous properties

For sure, man, I’m sure it varies by state with Lending but in Texas 20% down is pretty standard on investment properties. Stinks.

1 Vote

Detroit, Michigan

Quote from @Eli Kim:

Hey guys,

We're in the exact same boat my friend. I'm currently getting under contract on a property for rent in Texas, our 4th, via DSCR.

Hoping it’ll be a successful move.
P. S. I wouldn't worry about the higher dp because any investment property is going to require 20% down , like a DSCR

1 Vote

Detroit, Michigan

Quote from @Bruce Woodruff:

Quote from @Bryan Hartlen:

you can always negotiate and see if they’re willing to discount.

In my many years of experience, if a GC would even consider negotiating, that would be a huge RED FLAG. We all have our margins, our exclusive costs and our profit/overhead. People think we just add in an extra few thousand for negotiating purposes? No.....that's not how it works. I guess only other GCs understand how this pricing thing works....?

To each their own—but all trades say, “good work ain’t cheap and cheap work ain’t good “ however unscrupulous contractors that take advantage of people are a major thing.
if we wont acknowledge that, contractors are just looking out for themselves and their individual business model.
you also can’t assert that quotes can’t be automated and also assert that there’s no variance in pricing lol

Rant over !

0 Votes

Dallas, Texas

All Forum Posts by: Kyle Allbright

Kyle Allbright has started 0 posts and replied 6 times.

Post: Maxed DTI. How should I get more properties?

Post: Maxed DTI. How should I get more properties?

Post: Maxed DTI. How should I get more properties?

Post: Maxed DTI. How should I get more properties?

Post: Maxed DTI. How should I get more properties?

Post: Flippers, how did you figure out accurate pricing/negotiations with contractors.