Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago on .

2nd opinion
Good morning BP team!
As you can tell by my few posts and my just joining the pro side of this community a week ago, I'm a fairly new investor (with only one rental currently). Having said that, I believe I have a line on a good buy and hold rental property in Texas. I need a little guidance because I don't have a team or a system set up yet but I also don't want to miss this opportunity.
If there are any veterans that I could bounce a deal off of in TX, especially Houston, I would appreciate it. So far, I have a HML that has looked at my credit and exit strategy to refinance the property to a traditional out of the way. There are no prepayment penalties for that money.
I have not inspected the property and don't know what language my offer should include with my earnest money to be able to allow me that inspection. I also don't have any form for an offer. Should I jump in and figure it out on the way or are there "wish I woulda done's" that I need to know before I move further?
I would like to make my offer this morning and could REALLY use and highly appreciate a few moments of someone in the know.
Thanks
Will