All Forum Posts by: Randy Middleton

Thanks for the input everyone. As a follow up, SSFCU currently lends 75% LTV max 15yrs, RBFCU max 15yrs as well as Ian mentioned. I'm waiting on a callback from Jefferson Bank. I will update the thread with their info...

Anyone have an investor friendly lender in SA? I'm currently working with SWBC on a sfr but they are capping seller contribution at closing to 2%. I've worked with Amegy in the past but the broker left something to be desired. Thanks for the help everyone

I need some seasoned investors' $0.02 on this.... I currently have a few single family rentals and looking for more. Instead of taking out individual mortgages on each new property, is there a lending product (similar to a line of credit) where I can draw capital for purchase and rehab? The loan would obviously be collateralized by the property, however the difference being all the properties will be lumped together as collateral on the entire single loan. This would allow greater leverage against the sum of the equity in each property and I wouldn't be limited to 11 loans or whatever the FNMA limit is now. So my next purchase would increase the loan amount by the purchase price + rehab, property added to pool of collateral, monthly payment increases accordingly. I understand there will be need for a title policy, and similar things as conventional products. What do y'all think? Am I missing something? Does this product exist? If so I presume I'm in the commercial arena? Apologies if this is too convoluted.

Hey Mike, welcome. Us SA'ers have to stick together! I deal mostly in the Med Center. Would love to trade war stories sometime.

Anyone have a good realtor in SA that caters to investors, or at the very least, has an appetite for working with an investor? Thanks for the help

Hola BP world,

Does anyone have a reliable and reasonably priced granite contractor in San Antonio?  Thanks for the help!

Looks like Im a little late to the thread.  Would y'all kindly share the contractor's info with me?  My guy is MIA.  Thanks!

New BP member currently in San Antonio, TX but soon to be a Houston-ite.  Recently sold primary home and looking to reinvest in buy and hold property in SA.  Some experience flipping and renting.  Starting dental residency program soon so looking for passive :).  Love to hear from the community