All Forum Posts by: Ruben Beraza

 Hey Quinn, 

Appreciate you replying to my post. Perhaps we can connect. I went ahead and emailed you! 

Hello Everyone! - Providing an update here. 

Since posting this 5 months ago. Wanted to let you guys know that I recently bought 1 unit condo in Ohio. At this moment, currently looking for a tenant to occupy this unit. This was an all cash deal and did not manage to purchase a mortgage to my foot in the door. It'll be cash flow + as soon as a tenant moves in. 

Turning my focus back to house hacking in house hacking in Houston Tx. I since have learned about the 5% conventional loan option and is a loan I would like to leverage to purchase a 4plex. Perhaps even leverage the loan option for an 8plex if I decide to partner up with another investor on ownership where partner also takes out a 5% conventional to help fund the purchase and split ownership in a way that makes sense. Loose idea but possible. 

Some of the areas I'm considering in Houston is Midtown, Museum District & Montrose. I'm open to exploring other areas as well. Open to suggestions. 

Cheers, 

Ruben B. 

@Aaron Duthie How's it going! 

Congrats on on your first duplex! Hell yeah! Nice to hear it's been a rewarding experience for you & great to hear you're taking action! 

I'm following up with you to find time to connect! 

@Aaron Francl 

Thank you for providing a couple aspects to think about as I embark on this journey. It's much appreciated. I agree, it will come down to preference in addition to financing options. 

Sending you a request to connect & continue the dialogue! 

@Jodi Gauthier Hi Jodi! 

Thank you for the warm welcome! 

Just sent a you a connection request. Happy to connect with you to continue the conversation. 

-Ruben

@Christopher Busken Howdy! 

Studying Zillow over the last month, single story 4-plex are rare to find in the TX markets I've been searching & analyzing. Realizing that it may take me bit longer to find what I'm looking with my initial criteria, so I may have to pivot slightly. 

Happy to take a look at the 4-plex it if it's still available. 

I'll connect with you to continue the conversation. 

Hey @Loren Polito, 

Appreciate your response to my post! 

Happy to connect with you to learn about the SA market as I do my due diligence. Sending you a connection request! 

@Bruce Lynn Hey Bruce! 

Yes, the idea, would be move to one of these cities & will be working remotely. Appreciate the heads up on the Houston market natural disasters. Hurricanes & floods seem to be a predominate natural disaster in the Texas markets. Perhaps more than others.

You're right. When it comes to Houston / DFW area, not many 4plex have been listed, but many have in pending. Could be the just todays market environment. There are quite a few of Sell By Owners listed which would be a value add play there. Reason for mentioning single story 4plex is to have the ability for tenants to pay for water/utilities vs. it being an extra expense I accrue. Would be a nice to have. 

IF you can recommend lenders, that would be greatly appreciated Bruce. Connecting with you now to continue the conversation. 

Much appreciated! 

(First Time Home Buyer / House Hacking)

Hello BP Community,

I'm based the Bay Area, Ca & have fix n flip experience in this market. I'm new to the rental side of the RE business & searching for a multi-family, single story 4-plex primary residence in the Texas-San Antonio, Houston, Dallas markets. I plan to leverage an FHA loan to kick off my long term rental portfolio. I'm aiming for a mix of appreciation & positive cash-flow after some value add work is done to the property over the course of first year of ownership. I plan on putting some elbow grease myself but mostly contracting the work out to allow the professionals to do what they do best. I know this may be very difficult in todays market, however it's possible.

In addition, I’m wishing to connect & build relationships with local investor friendly agents in these areas who invest themselves, help clients with investing opportunities & are tapped into off-market listings. If you have experience structuring creative financing deals, all the better. Open to agent recommendations / money lenders as I begin to get my ducks in a row to execute effectively by no later EOY. Much appreciated & thanks in advance! 

Happy to connect via BP / Zoom / IG whichever platform works best to fill in any gaps in my post.