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All Forum Posts by: Stephen Daniel Pace

Stephen Daniel Pace has started 6 posts and replied 16 times.

Post: Funding for First Investment Property

Stephen Daniel Pace
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 17
  • Votes 16
Quote from :

There are many alternative loans to conventional 30yr fixed. You can look into ARM loans, Interest only, and a massive amount of private loans with all sorts of benefits depending on your investment strategy. Short term rentals have some restrictions on lending but there are still a lot of options out there that can reduce your 20% typical down to 10% if the situation is right.

Hey @Scott Lundgren thanks for the reply. I’m actually interested in a long term rental. Any good private lending options that you’ve used or recommend?

Post: Funding for First Investment Property

Stephen Daniel Pace
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 17
  • Votes 16

Hey BP! I'm actively looking for my first investment property, ideally a STR. I already got pre approved for a conventional loan but I don't want to spend the majority of my cash savings on a down payment. What are the best alternate options for minimal money down on a property? Any help is much appreciated!

Post: Newbie in the Houston area!

Stephen Daniel Pace
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 17
  • Votes 16
Quote from @Jason Beals:

Hi Stephen, I'm trying to get a local investor meet-up in North Houston going on. Let me know if you'd be interested?


 Hey Jason, yea I'd be interested. Shoot me a message.

Post: Delinquent Tax Sales

Stephen Daniel Pace
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 17
  • Votes 16

Hi Bigger Pockets! Anyone familiar with Harris County Delinquent Tax Sales in the Houston area? Is there REI opportunities at these auctions? Are the auctions pretty competitive? Any experiences or advice on this is much appreciated!

Post: Newbie in the Houston area!

Stephen Daniel Pace
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 17
  • Votes 16

Thank you for the welcome and tips @Josef Hardi, @Steve Tran, @Julio Gonzalez, @Justin Windham, @Eliott Elias @Wale Lawal !!! 

Post: Newbie in the Houston area!

Stephen Daniel Pace
Pro Member
Posted
  • Rental Property Investor
  • Houston, TX
  • Posts 17
  • Votes 16

Hi BP family! I'm Stephen and I live in Spring, TX - Houston area. I'm completely new to real estate investing. Just got introduced to BP and have enjoyed all the new learnings so far! I'd like to get started with a rental property to start some cashflow. Any resources or tips for finding funding, properties, contractors, etc in the Houston area? Looking forward to hearing from you all :)