All Forum Posts by: Marc Stevenson

 Agreed.  Great area.

Dennis, I applaud your tenacity and desire. I do agree with what Larry says. Most of the multi-unit groups I'm familiar with, typically recommend that you start building your SFH portfolio until you get about 5 up and running and then at the right time parlay that into a multi-unit property. It gets you into the game and teaches you have to manage investments while building equity that will ultimately allow your multi-unit investment. Best of luck!

 @Jayson Valdez  sounds like you have a good plan.  Happy to answer any questions about the Texas market if you have any.  

Best of Luck and Happy Investing

@Jewel B.  I've found that having a mentor in your preferred method of investing is invaluable.  It's not always easy to find that, but it's sure worth it.  A good mentor has experienced the ups and downs of different markets and strategies and can help avoid the pitfalls of different markets.

@Jayson Valdez I lived in San Diego my whole life till 5 years ago when we migrated to Texas primarily to invest in this market.  You've had some great responses... I' would say be very careful when you see "Turn-Key" Investment.  You have to do your due diligence...or you might be turning the key into a mess.

Get a team (Realtor/Property Manager you trust in the area you wish to invest.  Meet with them, interview them, consider flying out and meeting with them.  Find out their scope and scale / vendor list/ etc.  You have to rely on a team when out of state investing, but you have to make sure that they know what they're doing and that it's the right fit for you.  

Best of luck.  Happy Investing!

@John Matthew Johnston You lost me at Grant Cardone! :) In all seriousness... I see you're a BRRRR guy...how have your initial lendors when securing properties in your area been recently? What total ARV are you finding when refinacing?

 @Kenny Simpson Thanks for posting. This looks promising... i sure hope you're right. I invest using BRRRR and what I've seen lately as the biggest obstacle to that strategy, has been the initial hard money lenders, with the recent market changes this past year are doing lower ARV percentages ...example going from 80% ARV down to 65-70% ARV to mediate their risk, requiring more out of pocket initial money's. Hoping that if your thoughts hold true that we'll see this reverse back to the 80% range. BTW I'm in Dallas market now but grew up in SD. Such a great city!

@Caroline Widjaja Hi Caroline! Just curious as I'm getting ready to refi out of a hard money loan on one of my BRRRR properties...what are you seeing the ARV that your lendors are allowing when refinancing?

Excellent post!  

@George Lods Pretty sure the LLC needs to be filed in the state you live. If you ever need help in Texas we can point you in the right direction. Happy Investing!