All Forum Posts by: Josh Lear

Thank you to everyone who has responded so far:) I truly appreciate all of your suggestions and warnings.

After reading through everyone's responses as of now I can tell that this may be a great market for me to start in! It also seems like we have some lively personalities in that area given the back and forth lol. So, I'm looking forward to meeting people like you all when/if I do make that jump to AR.

One last thing, I am going to need a place to live out there, so in the beginning, I will either be looking for a multifamily or just a property with rooms I can rent out while still living in one of them. Any thoughts on which of those two options would be the best for someone just starting out?

Again, thanks for all of the replies. You have all been very helpful.

Never owned property before. Might need to move to Arkansas and was curious what ppl think of the Little Rock, AR area for rentals? I'm also open to really any other relatively populated area in AR

What is the rental market like in Little Rock, AR?

- Avg cost to rent v Avg cost to own?

- Occupancy rates in that area?

or any other important info

Any advice helps. Thanks

Hi Liz,

I used to work at Title365. They were bought up by Stewart title so I'm surprised it still shows Title365.

Title365 is a great company, very good at what they do, and they're underwritten by first American for most of their policies so that's nice. However, there is almost no difference in title companies other than a couple fees (not usually very expensive). If you have a good real estate agent/lender/or maybe even lawyer that can fight for you they might be able to reduce some extra fees.

Also, most likely the lawyer isnt selling insurance they have a relationship with a title rep and they send people to their insurance company when they can. I worked as a rep for years and this was common practice.

Hope this helps! =)

 Do you need more down for commercial loans?

Thank you Daray, I appreciate the confidence boost. It's been pretty overwhelming recently and this made me feel a lot better about my path!

Do you happen to have any contact info for a lender that could help fund these FHA house hack deals in dallas-Fort Worth area?

Wow, that's a lot to think about. 

Thank you everyone for all the great advice! Especially to 

@Bob Okenwa

@Ryan E.

@Bart Hedgcock

@Brandon Holtzinger

@Cody L.

@Rhiannon Then

@Sam Newell

@John P.

Your posts really resonated with me. I'm still not certain. I'm currently talking to realtors in all those areas and will probably decide based on the deal that looks the best but i'm starting to lean a bit more towards the Utah area and less towards Dallas area.

 Oh my gosh, I think SLC looks gorgeous! My aunt said she likes the cedar area for rentals. Have you ever owned anything out there?

 My girlfriend is pushing for Houston for that exact reason. Not because of the numbers look good but because it looks like a great place and she "has a good feeling about it" XD

 Hi Joe, thank you for thw reply! Actually, house hack is exactly what we plan to do, but not here. Not only is the market in SD expensive, it's also a bit hard to find good rental properties =/

Hello everyone!

Little background, then question. Thanks in advance for your help!

My name is Josh. My girlfriend/business partner and I are looking to buy a few rental properties. We are currently looking to move from San Diego, CA to somewhere like Dallas - Fort Worth, Houston, Phoenix, or Salt Lake City area (cheaper and the rent vs mortgage is better). 

We would like to use little to no money down investing as we are not making much and don't have much in savings. Currently, I have a little over 20k in my savings account (I'd like to use as little of that as possible). 

I am currently self employed (marketing and automation services [freelance]). My gf is quitting her job and will be looking for part-time work in whatever city we end up in.

I am currently looking at the following finance options:

• Seller and Partial Seller Financing
  
• Joint Ventures
  
• FHA loans (like 203k) Do you think this would be possible being self employed?
  
• Also, I heard that it can be easier to get financing for commercial properties. Do you think we should look for 5+ units?

Question: What kind of financing options do you think we should be looking for?

Hope to hear from some of you great folks soon! Thank you!