All Forum Posts by: Ziad Hamati

Find a loan officer you can trust. I am one, and we work with several lenders, and they all offer different loan products. Some are very investor friendly. 

Justin,

Are you a US citizen or Green card holder?

If so, I work with a Lender that does up to 85% LTV.

Reach out to me and let's have a chat. 

I work in the Oil and Gas industry. I work offshore on the oil rigs as an engineer. I was making good money, then the downturn hit snd they were laying people off left and right along with paycuts. I have not received an increase in salary in the last 7 years.

Clearly that made me find ways to make passive income to have more security and peace of mind. Real estate was the answer :) 

There is a group for Houston contractors on Facebook. Join the group, post your picture and what you are asking for. You will be approached by several contractors. If you have the patience, speak to a few of them and try to get the best price :) 

Why not invest on your own? You can reap all the benefits :)

Yes run your numbers as if it is a rental property you are purchasing. But try and call up many lenders and shop for the best rates. 
rates are creeping up so it is OK if you cash flow is low. 

If you are refinancing under your personal name, the appraised value would be based on comps. Speak to an agent and try to figure out what can you do to increase the value of your property (maybe add another bedroom)

Depends where you are in life and what your goals are. If you have retired or retiring soon, cash flow is important. 

If you want to grow your portfolio, pull money out and buy more properties. 

How many properties do you have?

You can try tenant cloud. Its free. 
i also used excel for my first 3 properties at the beginning

 Sorry to hear that. I would definitely cash out refi and avoid selling. But this is just my personal opinion.