Texas Investors — What’s Been the Hardest Part of Financing Your Deals?

Question

Hey everyone, I’m Zach. I’m with Triple Crown Capital Group, a Texas-based hard money lender, and I’m new to BiggerPockets.

I wanted to introduce myself, but more importantly, I wanted to hear from the investors on here.

For those of you actively buying or working on deals in Texas, what’s been the biggest headache when it comes to financing?

Is it:

• Getting a deal through a traditional bank
• Finding enough leverage
• Appraisals or ARV
• Rehab or construction financing
• Closing timelines
• Finding a lender that understands the deal
• Or just figuring out what financing structure makes the most sense?

We work with investors and builders on things like fix & flips, rehabs, rentals, new construction, and other real estate investment deals.

I’m not looking to turn this into a sales pitch. I’d genuinely like to hear what everyone is running into and what you're seeing in the market.

If you're working on a deal right now, what part of the financing process is giving you the most trouble?

Robin Simon · Answer

Lack of quality investor portal on the lender's website

Noah Wright · Answer

Asking the investors instead of telling them is a good way to start here. The headache I see most on Texas deals shows up at the refinance, not the purchase. The rehab loan gets sized on ARV, then the rental refi gets sized on rent against the full payment, and Texas property taxes eat a big share of that payment. Most DSCR lenders count taxes and insurance in the ratio, so a deal that penciled at 1.2 on the purchase spreadsheet can slide toward 1.0 once the county reassesses the improved property and the insurance renews. The ARV gets you into the deal, the tax bill decides how you get out. Running the refi math with a post-rehab tax estimate before closing the purchase is the step that gets skipped most.

Texas Investors — What’s Been the Hardest Part of Financing Your Deals?

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