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All Forum Posts by: Matthew Tyson

Matthew Tyson has started 6 posts and replied 23 times.

Post: New Short Term Rental Rules in San Antonio, TX

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

I would hope that the BOA meeting would tilt in your favor considering the error on their part. I have sat in a couple of those meetings, they sure say no a lot. Best of luck

Post: August Market - San Antonio - Invest

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

Bought one from my wholesaler. Refi'd two recent completed rentals. Still in awe in the amount of "deals" that come my way that have no basis in reality. Watching the strike team go wild slapping stop work orders like crazy. 

Post: Anyone using Steadily for landlord insurance

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

I use State Farm. My agent beats all other rates, somehow, I don't ask. And I get to bother him whenever I want. 

Post: What have you found most beneficial to invest in for the current market conditions?

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

If you can weather thin deals right now on the hold side, it will pay off. 

Post: Sharing Trade Referrals

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

It's slow out there for a lot of trades in SA right now and I'm not one to gatekeep. I've been through the gammit of good and bad trades. If anyone out there is looking for trusted trades in HVAC, Electrical, Roofing, Foundatio, Framing, Painting, Drywall, Cleaners, Junk Removal, etc., let me know. More than willing to share my contacts to keep them busy. Buyer beware of course but these are folks I routinely use and trust. DM me if interested. 

Post: Estimating rehab costs for BRRRR in San Antonio

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

I'm not a GC, but have rehabbed several BRRRR and Flip properties in SA. If you need any pointers feel free to reach out.

Post: BRRRR Deal Financing

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19
Quote from @Derek Brickley:

Hey Matthew, is there a reason you wouldn't be looking for delayed financing? I have not had luck finding someone cash out less than 6 months otherwise; sometimes 12.


ARV is higher than what purchase and rehab are. Delayed financing will only allow me to pull out maybe 80% of total cost put in instead of refi on appraised value with tenant in place.

Post: BRRRR Deal Financing

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

I am looking for a lender that can cash out refi a BRRRR deal without waiting 6 months for seasoning. Rehab is almost complete and should have a tenant in place by 3/1-3/15. Not looking for delayed financing. The project is all cash. Are there options out there?

Post: Rental Application for Potential Tenants on Zillow Rental Manager

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

I've used Zillow rental manager a few times. Don't use their contracts, only their applications. Once you are ready to approve a tenant, use a standard TXR-2001 lease contract and all the addendums needed. Once they have signed, upload your lease to their file and approve tenant. 

Post: Would like to learn practical lessons from Investors here

Matthew Tyson
Pro Member
Posted
  • Investor
  • San Antonio, TX
  • Posts 23
  • Votes 19

Sent you a PM. I have done a couple here.