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All Forum Posts by: Jonathan Swartz

Jonathan Swartz has started 1 posts and replied 34 times.

Post: Newbie from Fort Worth, TX

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

Welcome to the community @Jake Jordan. Tons of great information across BP. 100% agree with the prior advice. Read a ton as knowledge is the best weapon. Ask questions and learn from other's experience.

Best of luck!

Post: I have 2 properties can i only use commercial loan going fwd?

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

@Dexter Cox Not true in general. Lenders will allow far more in your personal name, assuming you still qualify for each. There are limits, 5 in some case, up to 10 in others, that you can have in your personal name. Purchasing under a LLC is different and would require commercial lending.

Post: Accounting Software Advice!

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

@Satyam Appadwedula Not that I'd recommend for a business of any scale but Excel can import transactions directly from your banks. Check out Money in Excel. Users the same technology that other apps use to connect to the banks.

Post: First Eviction - Advice?

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

@Brad Gibson Thanks for sharing the experience. Sounds like a tough day.

On the bright side, what a great set of lessons for your son to observe!

Post: HVAC for Dallas/DFW Área?

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

Will DM you

Post: First Eviction - Advice?

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

@Brad Gibson No direct advice but I feel for you. Best of luck on everything tomorrow. Sure it will be emotional and tense. Sounds like you did everything the right way. Tough situation.

All the best.

Post: How to make a lease?

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

@Sydney Sigue There are plenty of options to look at for lease agreements. The ones available through BiggerPockets are a great start and work well. Plus they are state specific. Be very careful with "free" as I've seen critical clauses be left out or poorly worded. Worth a small investment up front to make sure your agreement is solid.

Post: Up and Coming areas in the DFW area.

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

I'd certainly advise you to find a good agent who can advise on the massive DFW are (happy to make an introduction) but agree with prior comment that duplex inventory is slim, especially on MLS.

Post: New Member/REI from DFW!

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

Hi Zach. Happy to connect and share our experience. My wife and I used to live in Argyle and funny enough I went to school to be a music educator but changed directions. DM if you want to chat.

Post: TItle companies in the DFW area

Jonathan SwartzPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 34
  • Votes 30

We are big fans of the team at Freedom Title in Flower Mound. DM me and I'll make an introduction.