All Forum Posts by: Steve Lee

@Kevin Hill Thanks. For sure cashflow is the goal. Talking with multiple credit unions and some lenders right now. 

@Brenda C. @Rebecca Parker First time hearing about SDIRAs. Seems like a great idea for getting funding for sure. Kinda blows my mind that there are so many creative ways of finding sources of funding and grow my business while helping other investors multiply their wealth as well. For sure win-win. Sending you a DM about those classes, Sarah. Thanks!

@Brenda C. Awesome. Thanks for the suggestions and tips! Will definitely give them a call.

@Demetris Adekanmbi @Ian Walsh Thanks for the suggestions. Building a list of lenders to contact.

Hi all, I'm currently researching and analyzing fixers to kickstart my first brrrr and planning to talk to local banks/credit unions about getting a loan for the purchase and rehab costs. As a new investor, I guess I'm just kind of anxious about how to approach them, what to ask, that kind of stuff. So, any advice will be greatly appreciated. Also, any local banks/credit unions in the Dallas area you can recommend that are investor-friendly? Thanks!

@Lucia Rushton Thanks Lucia. Yes I’m still doing my research in my neighborhood and looks like occupancy rates are pretty good in this area >50%. The AirDNA website seems to be helpful as well.

Like you mentioned, looks like I'm clear to go based on my HOA's CC&Rs but probably will still call them to make sure.

Are you running any short term rentals as well?

Hi all,

New to the forum. My wife and I are going to start real estate investing in Dallas. All little bit about us... we moved here from California last year in July (a little before the mass exodus started). We currently have a 2 bed/2bath condo in the Carrollton/Addison area near Beltline that we are planning to start a short-term rental with, specifically Airbnb. Just wanted to get some advice from anybody who's experienced in the short-term rental business here. 

Is this a good area for Airbnb? I've been on Airbnb and kinda dissecting other listings and their occupancy rates. Just wanted to see if anybody has first-hand experience/advice.