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All Forum Posts by: Nicholas Miller

Nicholas Miller has started 9 posts and replied 52 times.

Post: Nothing can cash flow and appreciation doesn't seem to be high?

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

@Cody R. the advice above is all great advice. Look towards Canyon Lake, New Braunfels and Seguin. I have rentals in those areas that do cash flow. Let me know if I can help. I am from that area but recently moved to Dallas. I heavily invest in San Antonio, which I recommend as well. Good luck.

Post: Seguin Texas Investing

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

I wanted to reach out to the Bigger Pockets network.  Is there anyone out there that invests in Seguin, Texas?  What do you think of the market? I invest in New Braunfels, San Antonio, and Canyon Lake but Seguin keeps calling my name. 

Post: Corpus Christi Real Estate Agent

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

Post: Corpus Christi Real Estate Agent

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

I am going to Rockport Texas in two weeks.  I would like to look at investment properties while I am visiting the area.  Does anyone have any recommendations for realtors in that area that work with Investors?  

I don't know if this helps and I am in the process of doing it right now, but my legal team is holding my hand while I move each of my rentals into a trust which is owned by the LLC. Not exactly sure how of this works but this process keeps me from triggering the due on sale clause. If this does not help or does not pertain to what you are trying to accomplish then, my bad. My bank is First Commercial Bank in Seguin, New Braunfels, and San Antonio area.

Post: Inspection Company - RFI

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

Allison Humphries at Property Professionals.  

Post: Potential Contract on Home

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

You can use the TREC for sure but there is a lot of unnecessary information on it. I had my lawyer walk me through it so that I could get it down to about three pages. I actually just use a one page contract. As long as some money ($50) is exchanged i.e. they cash the check at the time of contract, then the contract is valid. This is usually in the form of an option period when using realtors. They probably know far less than you so you will be fine. Congrats too. This is my homeboy town and that Ian a HUGE deal. If you need help with anything shoot me a message.

Post: How do I transfer a mobile home title to me

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

I recently acquired a mobile home that is in a mobile home park.  The owner was in financial trouble, so we worked through a typical pre-foreclosure process.  I took over mortgage, payed back fees, helped her move out, and now it is rent ready.  I have power of attorney and all parties involved (mobile home park and mortgage company are aware of the transaction).  So how to I get the title of the trailer moved into my name?  It has a mortgage on it.  Do I file down at the local courthouse?  These mobile homes are a different beast, but I see the money that can be made.  Any assistance on this matter is helpful.

Post: Rental Calculator Question

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

I have purchased a home with cash and the intention to flip it, until I researched what rent was bringing in the area and immediately did a cash out refinance. The lender required no money down because they have loans based on rental rates and I purchased it at 70% market value. I received all my money back and it cash flows $200 a month. I didn't even have it rented, but it has a higher interest then I would like because it is a private lender company (which isn't terrible because it's still cash flowing). I was just wondering if there are "conventional lenders" out there that do this so I may lower my interest. 

Post: Rental Calculator Question

Nicholas MillerPosted
  • Investor
  • New Braunfels, TX
  • Posts 56
  • Votes 24

If you present a house to a lender which you have under contract for 80% of market and or appraisal value, do they still require 20% down? @Tracey Norris