Hello everyone, Terence Johnson here, I am a new investor or "Newbie" in the Dallas-Fort Worth Metroplex.

I think if you structure the file fluidly to anticipate all these areas the underwriter in most cases will sufficiently be able to document the file with just the letter I mentioned above to proceed to docs.The self sufficiency rule above is the hardest because in the past all 4 units had to be greater than the full PITIA (principal/interest/taxes/insurance/assessments) but recently FHA changed this rule to 75% of the rental incomes of all 4 units has to be greater than the PITIA which is a much more restrictive rule basically forcing out properties in markets which  have lower rent to value ratios like most parts of orange county, most of los angeles,  most of seattle, Austin core down town areas, Dallas core areas, and other more expensive areas.

Hi. I am a wholesaler from DFW area of Tx. I am looking to network with other Real Estate Professionals. I am always open to new tips and tricks of the trade. Message Me .

I recently moved to Dallas and am currently renting out my house in Laredo, TX as well so that would put me at 3 rental properties as of February 2016.

I am currently in Dallas and also looking for deals in Tulsa, but mainly Dallas.

Now I have to move and it doesn't make sense to sell that home, so I will try to rent it.I have to move to Dallas and like I asked in another post, I will try to make this my jump into REI, however I've been looking and I haven't found anything immediate that I could live on for a few months and then flip, besides the fact that my next loan will take some time (until I manage to rent the main house). 

Hi BP Community,I am close to having a multifamily property in Ennis, TX (South of Dallas) under contract.

Hi BP Community,I am close to having a multifamily property in Ennis, TX (South of Dallas) under contract.

Preferably Dallas or Austin.And a more general question would be what tips or suggestions do you have for keeping closing costs under control?

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