All Forum Posts by: Luis Pedroza

What are your thoughts on buying a duplex on an appreciating market with very little or no cash flow?

Is there a DSCR you guys try to shoot for? What DSCR range do you try to stay within? I know banks prefer to stay between 1.1-1.2.

I see all the deals coming to me at a very low DSCR.

I've been investing all my life for cash flow but it seems that most of the deals no longer cash flow.

Thanks,

Luis

I am.

Hi,

What are the current interest rates for investment properties using local banks?

I would like to refinance in 5yrs to a normal 15yr conventional loan. 

What are your thoughts of interest only loans?

Both.

Recommendations for investor friendly local or regional banks in Houston. Thank you!

What is the acceptance criteria that you use for tenants? For example, minimum credit score, criminal history, income, etc?

Also, which website do you recommend for doing credit and criminal history checks?

What type of flooring do you recommend for a Class B-C property? Any product you guys like to commonly use?