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26 October 2018 | 7 replies
I need suggestions on what type of companies I should be looking into for these types of services or what type of searches I should be conducting to find companies that do these all in one services.
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14 September 2019 | 26 replies
@Randall Degges TK or not I would strongly suggest getting your own inspection.
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1 March 2020 | 13 replies
@Jason MorrisI suggest inquiring with a lawyer for the question on personal guarantees and the corporate veil.
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1 November 2018 | 6 replies
My suggestion would be to discuss your plans with a lender before you choose to refi, a good lender will give you several options for financing a project based on your assets and goals.
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31 October 2018 | 1 reply
A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?
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29 October 2018 | 9 replies
I suggest you talk with a good independent agency who has specialists in commercialreal estate, rather than dealing with a captive agent.
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26 October 2018 | 3 replies
Unlike you I was unable to find a partner but what a few people have suggested to me is to try to find real estate agents who can hook you up.
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27 October 2018 | 9 replies
@Anthony MikolichThere are several banks that do HELOCs on Investment Properties.The one that I know is East West Bank: East West BankI understand there are a lot of suggestions to do a refi, but there are two problems with that:1) That's not what the OP asked and 2) There are REAL reasons why to use a HELOC... which is why it's a Loan Product that is available.HELOCs give you another choice to use money temporarily and is better than HARD Money.I will wind up getting huge discounts on properties with an All Cash Offer.The discount I get can be upwards of $100k on a $1.5 Million property.BELIEVE ME.... it is worth it.
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26 October 2018 | 2 replies
If only for 1-2 years and you want to be safe, 2 suggestion:1) TIPS bond funds (Treasury Inflation Protected Security)
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1 November 2018 | 5 replies
Regarding the list that I will show you, I'm not sure if any of these guys do retail, so if not, call them up and ask for a referral to a broker in your area that uses their programs.