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17 June 2024 | 26 replies
@Jeremy Staggers Houston has plenty :) American Title Company of Houston/Patriot Title/Capital Title ... all of them have 10+ branches and they do all sorts of things for investors (e.g. expedite title search, loan doc prep, double close, blind HUD etc) ..PM me if when you have a contract and would be more then happy to introduce you to one of them.
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16 June 2024 | 2 replies
I'm trying to decide when or if I should transition from "building the portfolio" and acquiring properties and move to paying down the loans and building cash flow.
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17 June 2024 | 16 replies
One piece here is that yes you can potentially find buyers that will have a premium for successful track record + even furnishings, listings, review - but important to remember that there won't be a premium assessed by the lender in almost all situations if the buyer is using financing to acquire - their loan will be based on the pure real estate value even if they are paying more - just a tip to keep clarified so no surprises that can throw off deals
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14 June 2024 | 1 reply
You cannot cut locks, you cannot take possession, you cannot set foot on the property, you cannot make any improvements.
14 June 2024 | 10 replies
A bank will give me a loan (if its ARV is good) and I can use that new loan to pay off the original home equity, and buy another home plus pocket the difference?
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14 June 2024 | 4 replies
Depreciation: Remember to depreciate the property and its improvements.2.
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17 June 2024 | 19 replies
I look at each deal for the win/win test, as I am not out to loan money for a lousy deal and put the investor under a financial burden.
17 June 2024 | 8 replies
Loan rates on the ReFi have prohibited us from building a bunch more 3-4 unit properties recently, just kills the CF of the deal, but going all-cash on the purchase & construction still pencils.
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16 June 2024 | 8 replies
Most will have a hard set no if there is any indication of un permitted work since it is a long term loan.
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14 June 2024 | 4 replies
Your gain on the rental property will beSales price less sales expenses less adjusted basis.Adjusted basis is purchase price plus improvements less accumulated depreciation.Best of luck.