All Forum Posts by: Kyle Moore

Hey Dorys, is this a property you are looking to sell?

@Manaia Alalamua planning to attend, looking forward to getting connected. 

Thanks @Pete Harper and @Maria Bakaj, will do some additional searching before committing for finance, appreciate the feedback. 

Hey BP Team!

I'm looking to take the plunge and purchase my first investment property. Deposit is saved, credit score is high, income steady. I reached out to my bank and discussed submitting a finance application, however they informed me that I needed to put 25% down for investment properties and that the rental income would not count towards my income until 2 years. 

Is this the case everywhere? It would be nice to be able to leverage my dollar further. Additionally, can the rental income count towards future borrowing capacity if I set up the first property in a real estate company? 

(Located in Central Texas, goal is to have 5 properties in the next 2 years).

@Tyler D. I've been diving into the San Antonio market lately, starting to get familiar with the neighborhoods. Identified several properties that would meet the 1% rule, however from my perspective they were all D-class areas. It seems as though there is potential in the lower end of the market, not sure I personally want to manage in those areas.