All Forum Posts by: Teri-Ann Pi

Thanks AJ, I’m actually trying to own less properties not more - only buying one now to avoid immediate capital gains (1031 exchange). 

Yes, I only need 35k. Darn!! 

Hello. Anyone do a SMALL DSCR loan, I'm talking 35k? Thanks!

3/2 1110 sq ft 1 garage

$300,000

Rent 1650 (or AirBNB…. check with neighborhood restrictions)

Half mile walk to lake

new floors, paint, tile, appliances, lighting, etc

Canyon Lake Texas

For a property I have in an LLC.... I'm writing my Operating Agreement and was wondering what y'all use as the "Initial Contribution"?

I could use the $100 I put into my LLC bank account, the initial value of $400k when transferring the property into the LLC, or some other number. Is there a benefit to using a higher value or lower value for the "Initial Contribution" in the Operating Agreement?

Thanks!

I have a studio condo in Bellevue (crossroads) that I will be selling. 

I am the owner. 

It was rented (1400/month) however, once I sell buyer would have to be on a waiting list to rent it again.

$220k. 

Message for more information

Thanks

I'm looking for a loan for a Condo-hotel in Law Vegas (as a primary residence). I heard that most buyers just pay cash or get a DSCR loan. The rates and downpayment on a DSCR seem a bit high. Anyone get a good loan for a Condo-hotel? What type of loan? Any mortgage broker recommendations? Thanks!

In Las Vegas there is a complex that only allows owner stays for a few weeks a year unless the owner is willing to pay nearly double in association fees. The one I am looking at doesn't have limitation or requirement however, if i do use the hotel to manage the rental in the future (although not required) the cut they take is about 50%. 

I own a property in Austin ( just east of downtown). It use to cashflow but with taxes and the market rent rates now I break-even. Holding for an equity exit strategy still though. I don't think that is a bad strategy, it's great to have it all... cashflow, appriciation but sometimes appreciation alone can be better than both in the long run, imo