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All Forum Posts by: Chris Henry

Chris Henry has started 1 posts and replied 34 times.

Post: Use realtor vs contact listing agent

Chris HenryPosted
  • Savannah, GA
  • Posts 34
  • Votes 14

100% use your own. Issues happen; it’s better to have your own dedicated team.

Post: 2 buyers in a row just walked

Chris HenryPosted
  • Savannah, GA
  • Posts 34
  • Votes 14

Get copies of the inspections. They’re walking for a reason. I had a house like this and we got the second guy’s inspection. It made the issue crystal clear. A termite treatment and bond later and we were back in business.

I’ve been looking for a simple to use solution for this as well. I’ve found ATracker, which has buttons you tap on/off for your categories. It still has the ability to input time blocks, of course. While it’s running, it displays on your Lock Screen, which you can tap to jump right back to it.


The pro upgrade, which allows data export among other things, is only a one time $5. I’m going to stick with this for a while.

I’ve had the same question. This area and some others have a requirement that you have a local contact available to be called. Some people have suggested listing the cleaner, but I’m not so sure the cleaner would want to be on call for random calls. 

Quote from @Jim Duncan:
Quote from @Chris Henry:

Is a DSCR generally going to be a long term loan, all other things being equal? Is that the long term loan strategy?

Hey Chris. Yes, DSCR loans are almost always 30 years, and we do even have 40 year options. It's not a short-term hard money loan, but basically a conventional mortgage that swaps out your personal income proof for the projected rental income in order to get you qualified. As long as you don't get it set up with a prohibitive pre-pay, you can refinance out of it at anytime, if you wish.


 Thanks. That was my understanding, but figured I'd ask since we were on the subject.

Is a DSCR generally going to be a long term loan, all other things being equal? Is that the long term loan strategy?

@Mack Lengel

I might’ve missed it, but I see you’ve searched for 1.6m-1.7m list houses, but I don’t see where you’re validating they will perform at 160k-170k to be 10x.

Quote from @Martin Guerrero:

One last question.  Is there a recommended mil thickness for rentals? Thank you all again for your input and feedback :)


 12 mil+ wear layer. Only a few of the big box store products meet this. Most are like 4 mil, which shows scratches real easy.

my understanding is that waterproof laminate just has a film on top to help keep water from seeping down. It’s good for a few minutes of small amounts of water, but not lots of water or anywhere that’s wet like bathrooms. Any more than that and the product is ruined. LVP is actually waterproof, which protects the product, but you can still have issues with water getting under it in a flood situation.

Are you classifying that down payment as a loan at the time of purchase or at the time of refinancing?