All Forum Posts by: Linda Brent

Hi John,

Thanks for writing. I sent a PM to you, but not sure you got it. Can you contact me so that we can set up a time to talk?

I am considering purchase of a large acreage property that has the potential to be subdivided into 6 lots in a high end neighborhood in Montgomery County, outside Houston TX. I would like to get some assistance from a local developer on evaluating the option of selling off 5 lots, and keeping the rest of the land. Can anyone suggest someone to mentor me in this evaluation/deal? 

Yes, that is great information and gives some guidance when seeking a lender for financing. 

I also understand that you have to be able to show 2+ years of experience managing rentals for conventional lenders to consider your rental income in their calculations (and they only consider 75%). So for a  new investor, they just show up as debt. Is that accurate? This is one of the main reasons we are concerned about getting rentals now while we need to be able to qualify for loans in the next couple of years.

This sounds like a great way to discuss the implications of different investing strategies with your CPA as well - what items go up or down if you try XYZ strategy. Thanks for the input.

Thanks for the great ideas. We have no problem getting conventional mortgages in our own name in the future - we just cannot do it in the next couple of years. So, subject 2 and owner finance sound like options for near term, as well as partnering and finding private lenders. Getting long-term funds will be the trick, I think. 

I am a new investor interested in financing a few rental houses over the next couple of years. My husband and I have an LLC for this. My problem is that we have complicated personal real estate maneuvers to make over the next 2 years that will max out our personal borrowing power. Ultimately, our plans will result in a massive reduction in our monthly expenses and much greater borrowing power. So the long term impact is great and can help us invest in real estate easier in the future. But I am keen to get started in real estate and wanted to know if there are options to buy rentals that won't mess up our credit or borrowing power. I have been reading the forum and it seems to me that most funding mechanisms either show up on your personal credit or must be disclosed on a mortgage application. What about asset-based loans in your LLC's name? Private loans? Any ideas would be very helpful. We have some options to obtain downpayment funds- but need advice on long-term loans.