All Forum Posts by: Tyler D.

Is it possible to do this without spending a ton of time? I'm sure that you get better deals by doing your own marketing, but I simply don't have the time to make it a 2nd job.

Hey Christopher. So far I've been only looking at MLS deals, and I'd be interested in quality alternatives if you can offer them.

I've seen the same with MF, there just doesn't appear to be much inventory at all. That also appears to be the case for the cheaper, under 200k-ish houses. 

I'm open to doing rehabs, but most of the stuff I've seen didn't appear to offer much of a profit from doing rehab work. I've seen a fair amount of busted up homes that already don't cashflow, and definitely won't after a rehab. If you have any winners, I'd be happy to see them.

I recently moved out to San Antonio to take advantage of the future growth I expect to see from the SA/ Austin area. With such large amounts of people and companies moving here, I see it as a no-brainer to buy here.

What I'm trying to dial down, in particular, is a smart investment strategy for these cities. Originally, I was looking to do a cashflow-centered approach in the suburbs of SA, but later found that most properties in decent areas do not hit the 1% rule, and property taxes eat into the cash flow. There appears to be a lot of competition for the cheaper, cashflowing properties, and similar high competion for cashflowing multifamily.

I've started looking at bigger properties that will not offer an immediate cashflow, but are better in terms of price/sqft while also being in nice areas with good prospects for future rent increases. 

In one example, I could buy:

1) a 1000sqft average house for 150k which rents for 1250, or

2) a 2100sqft beautiful brick house for 200k that rents for 1400. 

The bigger house does not cashflow as well, but the price/sqft is much better. It seems that the 2nd would be better for a long-term play, but I'm unsure if I'm correct in my thinking or off the mark here.

Putting all of this aside, I'd like to heard what other investors are doing in San Antonio, and also Austin. Are you going for cashflow, appreciation or both? What types of houses are you buying and in what areas? I feel like my strategy may be totally off the mark, so it would be great to see what successful people in this area are doing. Thank you.

I'm interested in buying a house on the Oregon coast for a long-term buy and hold. This will be partially an investment, but also because I would personally like to own property by the ocean, possibly as a place to retire or visit later in life.

It seems that generally, coastal property appreciates fairly well, but I'd like to know if there are any red flags I should be aware of. Smaller amount of jobs and higher insurance possibly come to mind. If anyone here has experience buying coastal property, your insight would be very appreciated.

I recently came across an opportunity in my town. There are two large pieces of land for sale for relatively cheap. 

The first is 5 acres, and mostly wetlands. The 2nd is 1.3 acres, with some wetlands. I did a walkthrough and both appear to have a decent amount of usable space. Both are for sale at $40k each. This is in a town where SFH-ready lots go for 50-100k for much less space.

Given then each lot is very cheap, and is in a decent area, I'm considering buying one or both pieces of land. My primary use would be to hold it as is, and possibly develop in the future. My area is appreciating quite quickly and there has been more and more construction over the years.

If I were to go for it, what should I do for due dilligence beforehand, and are there any major red flags I should be aware of?

What is DSCR?

I'm looking to buy a Fourplex, but potentially running into issues on getting a loan, and would like your advice.

The majority of my income is non taxable, and the banks I have talked to have said that they will not loan on it. I have a small portion of my income that can be used, but it will not cover the loan.

I have a significant amount of holdings, worth about 1/2 of the loan amount. 1/2 of those holdings (1/4 of the loan amount) is in cash reserves.

I've also heard that banks can use 75% of projected rents to pay the loan. The banks I have talked to about this however were quite picky and said they would only do it with already established leases, which wouldn't be likely for a new purchase. If I could do this on projected rents, I could get the loan easily.

Another option would be to get a cosigner, but I would want to eventually remove them as I would like the property to be completely my own responsibility.

Any advice on banks to talk to/ methods to use to finance this fourplex?

I only own SFH so far, and am considering getting into multi (preferably quads).

I know how to spot a SFH deal pretty well, but I'm unsure when it comes to multi. My gut instinct tells me that a multi structure in a similar area and similar size/ bedrooms should cost less per door than a similar SFH, but most of the multis I see cost around the same. For reference, my area has good 3BR SFH selling for $150k, and 3BR 4plexes selling for $600k. The fourplexes are nice with separate entrances, but nonetheless a fourplex without a separate entrance.

From what I've heard, multifamily have higher turnover, more calls from tenants, etc. They also have lower maintenance and insurance costs. Given the differences, would it be smart to buy a 4plex at the same $/door as a SFH, or should I go for more value? If so, what kind of numbers should I shoot for?

Thanks. As for price, should I be paying less per door for my fourplex, or about the same?

The 3BR multifamily in this area are selling for about the same $/door as Single Family. If that's the case does the lower insurance/ maintenance etc outweigh the higher turnover? 

The fourplex sounds nice. Just the various things I'd heard about higher turnover seem unappealing. I suppose with a 12-month lease, the turnover couldn't be that bad, however.