All Forum Posts by: Tina Liao

@Wale Lawal

Thank you for your input! Are you a member of any local landlord group that you would recommend joining? I am in Houston area but am also interested in expanding into other cities such as Austin and Dallas. After hurricane Beryl hit, many were left without power for an extended period and I really would like to put my eggs into different basket/market if possible.

I see that you’re a real estate broker in Texas yourself. Perhaps, you have a recommendation on a local (Houston) real estate agent that can help me locate tenants/roommate? 

@Nathan Gesner

Thank you for your recommendation! And I will look more into the guide! Really appreciate your input!

Hello BP members, 

I live in a SFH close to Sugar Land area in Houston TX, and I'm looking to rent two rooms out of a single family home I currently reside in. Does anyone know an agent/manager who can provide insights on the tenant screening process and possibly guide us in the right direction? Craigslist or Facebook marketplace did came to our mind at first but we are afraid to find someone who would randomly stop paying rent and become a pain to evict. Since this is our first time house-hacking, we would love to understand how tenant screening process works in real life. Furthermore, what are the regulations regarding security deposit? I want to make sure that I'm not breaking any law that would result us in a bad situation down the road. Thanks in advance!

 Thanks. Will look into that.

Thanks for the input. We are more of a buy and hold type than a fix and flip (especially since we are not that experienced with rehabbing property...not yet) and receiving secure, predictable monthly rent is more appealing to us. 

Most likely around 100k to 150k (w/ 20% down). We'll dm you with further details. Thanks!

Thanks for the input. I'll look into that. I'm just afraid that the lenders willing to lend at that low amount will have astronomical fees attached to their loans which may break an otherwise good deal. In regards to blanket loans, do they work on deals with multiple sellers?

As far as I know most property based lenders will need the property to be in rent ready condition but if a lender is willing to lend a few extra bucks for us to upgrades the cosmetics and then up the rent to fair market then I figure it would work out for us that way too. Just not sure if there's such lenders out there.

Hi, we are looking to purchase a small multi-family residence in Houston, TX. Does anyone have any recommendations on a private lender they've used before? Investor-friendly lenders with low minimum mortgage amounts, such as 100k or so, and are flexible with mortgage points would be most desirable. Thanks!

We're looking for small multi-family (2-4 units) residences in the 300k to 400k range or single-family residences 100k to 250k range. School districts are not our priority, but it is a bonus point to consider. Since we'd most likely find ourselves working in the downtown area, we'd like to make our daily commute as short as possible- 30 mins or less would be ideal, but we can settle for an hour. Thank again! 

My family seeks to move from NJ to TX in a few months. Can anyone suggest good areas that we should look into and areas we should avoid? Less than a 30-minute commute to Downtown would be ideal. Thanks in advance!

Hi guys, a family member of mine is trying to refinance his property with a commercial lender. I am just wondering what would happen to his DTI ratio if the lender refinances his property and does not report the new loan to the credit bureau? Will the DTI ratio drop as a result?

Thanks in advance!