Good morning fellow investors, I am about to break ground on my first development project which entails adding 7 units on a lot that already has 2 units on it.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

Hi Palak,Congrats on your first rental property!

Hey everyone,I have a buyer ready to submit a full asking price offer on my flip, but the 90-day flip rule won’t be lifted for another two weeks.

Buy in markets where you can hope to breakeven on cash flow and win on appreciation. 

Yes, the more deals you do, that are profitable, the more money you make. 

I paid 2,200'on a survey and inspections of a wholesale and another heir blocked the deal 🤷🏻 You win some you lose some. 

@Angela Hudson if you want to fix/flip find someone local and fund their deal (ie lend).

I am looking to compare DSCR and conventional loan rates to see where I can get the best deal overall.

I’m active in the market and happy to share insights on neighborhoods, financing options, or connect you with resources.