All Forum Posts by: Syed Quadri

@Wayne Brooks I figured so. Let me quote Pace below to give you some context. 

"If I buy a house subject to, and I have it serviced by a professional servicing company, which could cost 27 to 50 bucks a month, that servicing company's documentation is enough money to go to a mortgage broker and say, "This seller is no longer paying this, it's being serviced and here's proof of payment that's being received by a third party." And for their first 12 months, they can take 75% of that mortgage payment off their DTI, after 12 months and one day, 100% of that mortgage payment comes off their DTI."

So I'm trying to see if anyone around here has used this method successfully to reduce their DTI for their next property when they found a sub2 buyer for their current property/mortgage?


Thanks in advance! 

Just finished listening to BP episode # 527, in which Pace Morby talks about how lenders could wipe out people’s debt-to-income ratio on their previous mortgage if it was serviced. 

I'm wondering if anybody here has any experience with this strategy that they can share. 

I'm looking for property owners/investors in the DFW, TX area that are interested in turning their vacant rental properties into short-term rentals, and offer them to corporate travelers, traveling nurses, students, and anyone looking for monthly or weekly furnished housing in the DFW area.

We are a short-term rental management company that manages several properties in Chicago, IL & Dallas, TX, and have a ton of experience in doing this for the last four years. We can furnish your property, manage the tenants & bookings with zero upfront costs to you, and zero effort required by you.

All of our guests are background checked, ID verified, pet-free & smoke-free.

Here are some of the benefits of working with us, and turning your property into a short-term rental.

1. All minor maintenance to the property will be covered by us
2. Regular professional cleanings are done between each booking
3. Minimal use of water and appliances
4. Reduced vacancy

Feel free to reach out to me anytime to learn more.

Thank you!

Thank you all for your responses. I will check these out. 

Thank you. I’ll check it out.

Hello,

I'm looking for software/online service that I can use to get a list of all apartment complexes in a given area along with their phone numbers. Can someone recommend something they've used in the past? 

Thanks in advance! 

@Jaysen Medhurst Thank you for your response and advice. I will look into that. 

Hello everyone, I'm new to BiggerPockets and new to Real Estate investing as well. I have been listening to the amazing BP podcast and would like to get started with RE Investing soon. I have found a Multi-Family property in Dallas, that I'm interested in and I have a couple of questions that I thought I'd run by the experts here. Please excuse me if my questions don't make any sense. 

1. The Property I'm looking at is built in the 1960s -- Are there any City or County regulations that anybody here is aware of, regarding the maximum age of property before it needs to be torn down and rebuilt? or a resource where I could possibly find this information?

2. What are some of the things to watch out for while investing in the MF property in the Dallas area? (I know this question have been asked a million times, but I just wanted to throw it out here hoping to get an answer/opinion, specific to Dallas area. 

Thanks in advance!