All Forum Posts by: Alex Corral

Might be kind of tough to get to $4k to start. I see it as buying properties around $70k. 70x23% down (including closing costs) = $16k. $100k/16 = 6.25. If you can find some houses that net you $300/month each, that's $1800.

Wow.

Mark Crutcher did you see this on Facebook? Some guy Hassan from Capital Holdings? If so, I replied to his ad too. He emailed me a weird contract with all kinds of typographical errors. No thank you!

Same here! Scrolling & app shuts off. Super annoying.

Great review! I have a call with them tomorrow.

Thanks for the info! Sean Dawson what differences have you noticed with your 2 rentals? Ohio is definitely an area I want to invest in. Cleveland especially with Amazon coming in. Columbus' growth is attractive too though. Are taxes as high there?

James Wise I totally agree with you. PM is a tough job, and I respect the work they do. Like I said, people are very quick to post a negative review, but will usually not do the same when all is well. I was merely mentioning some reviews about certain TK companies putting tenants in homes with no hot water, or incomplete rehabs (not your company). That is a bit too much, if it is even true. We are in an era, where people have lost patience and want instant gratification.

@Andrew Postell Thank you for your reply! This is exactly what I'm trying to find out. I don't want to make a mistake, I can't back out of. I will talk to a Lender on the potential properties this week, as well as a few CU. Maybe probe about a 2nd mortgage. I would like to use both some cash & some HELOC/2nd mtg money to buy the properties. I think if I can use a combo of both, I can leverage to buy an extra 3 properties than just with my cash reserves. I just bought my 1st investment in Phoenix, so I do know my FICOS were above 800 & DTI was around 20%. Good numbers but I like to be cautious. And depending on if I go 15y or 30, that will change too. Will the cash flow be counted at 100%? As far as the HELOC terms, good point. I think I'd try to use the cash flow to try & pay off the HELOC note asap. Would looking into a 2nd be better? The issue there is I'm not sure how much I'd want to borrow.

Thanks for chiming in Jay Hinrichs , I totally agree with you. There are some reviews I read on certain TK companies where the complaints were similar. Moving into a place with no water, or incomplete re-hab. Lack of response to repairs,.. I am taking these comments with a grain of salt. I know people love to post complaints, but when things are good won't bother to give praise.

Bump