All Forum Posts by: Shyam Sundar

This is great stuff, thank you all for sharing. @Joe Splitrock appreciate the examples, very useful to make sense of this!

Thanks for the insight Jaron! Very helpful. I am still in year 1 as a new landlord and as I look to expand my portfolio wanted to get a sense of how people approach this issue. 

I see some landlords say they own 10 or 20 rentals. I am not sure how they are able to do that - not the loan part as I am aware there are funding structures etc. but the cash reserves part. Don't people hold some cash/reserves/savings whatever you want to call it handy, especially the smaller investors. Is there a rule of thumb in terms of reserves/savings you must hold before buying your next (beyond the down payment) - in effect planning for the worst. Example, if I have 100K liquid and readily accessible and I own 2 properties, I can obviously put 25% down for #3 and rent it out but that leaves with me very little wiggle room. I understand this is personal comfort/risk appetite levels, but I'd like to hear how other smaller investors getting into the REI landlord arena think about this aspect.

Would love to hear insights. 

Thanks!

Thanks Jeffrey and Marcus for the perspective. Right now mine is a small portfolio - 1 own, 1 rental with possible 2nd rental acquisition on the way. I can cover DTI the conventional route, was just wondering if there is a simpler way than having to deal with 3 lenders and associated paperwork.

@Marcus Auerbach interesting perspective on diversification. I have been approaching this with a not to put all eggs in one basket mindset and a lot of it is possibly influenced by FOMO also I think. I hear about Austin or Dallas and FOMO kicks in. My job takes me across the country seeking better opportunities, so thus far the two I own are places I lived in. This is the first time I am venturing out. 

Hi - As I explore REI investing in couple of markets for renting out (buy and hold) on cash flow, wanted to get some ideas on financing.

I assume some of the seasoned REI veterans here buy/close cash deals but what do others do? I read few threads where folks were discussing having 3 or 4 rental properties and going on #5.

How do you manage financing multiple properties?

1. Is it advisable to get multiple mortgage loans in a short span of time (assuming your credit and income can 

2. Is there a way to get one big loan from some lender to finance all of your properties post aquisition - like a refinance under one loan

3. Or is there simply a different way to go about this?

Would love to hear financing strategies from folks who don't put all cash but manage multiple properties in multiple cities across the country.

Thanks!

@Jason Howell Thank you, yes that makes.

Thanks all for the useful info. Yes, I am not finding any good condo/townhomes that work north of Plano, so I have to go to Plano or south. 

@Bruce Lynn what did you mean by 1/2% and 1% rent dynamics - could you pls elaborate. Ratio of rent to purchase price?

Hi - Just stumbled upon this forum and kicking myself for not having found you folks sooner! I am finding a wealth of information and knowledge from people who have walked the path I am trying to now. I am unfortunately several years late but better late then never!  

I live in my NJ condo and looking to diversify and build a decent RE portfolio starting with DFW area, as there is a huge chance I might relocate in next 2 years. I am working with a realtor and bid on a few SFH in usual high bid towns (Frisco, Allen and even FW) with no luck. The one I managed to win paying big premium, had massive issues with inspection and had to back out given the cost math didn't work out. Back to the drawing board now.

My strategy is to buy and hold 5-10 years for appreciation and I am ok with +ve small cash flow monthly ($100 or more). Current budget is 300K, can go up to 350K if I can swing the cash flow math.

I have a couple of questions that I hope folks here can advise:

1. Should I change my strategy for looking at condo/TH in Frisco, Allen areas if the cash flow math works even though HoA is higher. My current NJ condo if I rent should get me 300$ cash flow even with a $250 HoA, so I am wondering if I should try and replicate in DFW? 

OR

2. Should I just forget condos and look at SFH in DFW area - if yes, where to focus? Even McKinney seems super hot now which is where I am going to try and make offers. I saw threads about Sherman and up north but do not find decent inventory there. Are towns like Little Elm, Wylie, Corinth worth considering?

Appreciate any thoughts/suggestions as I find my way around REI!

Thanks