All Forum Posts by: Alex Rocha
Alex Rocha has started 2 posts and replied 9 times.
Post: Cedar Rapids Neighborhood Map
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Quote from @Molly Lonborg:
Does anyone have access to a good neighborhood map of Cedar Rapids that breaks down the various neighborhoods by class (A to D)? Thanks in advance for any and all assistance!
Did you ever find this?
Post: Neighborhood grading for out of State investors.
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Quote from @James Wise:
Originally posted by @Miguel Teran:
Originally posted by @James Wise:
Don't know of any national sites, nor what areas you are looking into.
The Midwest markets are were many from the west coast seem to be looking.
Here are some grades for Cleveland, Ohio neighborhoods.
Do you have something like this for Columbus Ohio?
Not at the moment. Currently I have The Ultimate Guide to Grading Cleveland Neighborhoods as well as similar guides that you may want to look over for Kansas City, Missouri. & Birmingham, Alabama. Next ones I am going to produce will be for Toledo, Ohio and Memphis, Tennessee.
Did you ever build out Memphis?
Post: Looking to do my first rehab
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Quote from @Allan Smith:
Are you pre-approved with a lender for when you need to refi out?
Not yet, still working on getting the refi in order.
Post: Looking to do my first rehab
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Quote from @Eliott Elias:
The numbers are tight.
Can you provide some more detail? Tight as in, good to go? Or tight as in we're stretching it?
Post: Looking to do my first rehab
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Looking to do my first rehab and got a quote. I'm estimating about $20-$25k in rehab costs for a property acquired at $95k for an ARV at $150k. Hard money lender is offering a 12% interest rate and a total loan amount of $104k (purchase + rehab). Loan origination costs and down payment is 3% in points, 1% of loan amount, 1 month payment, and down payment for a total of $32k to close. Thoughts?
Post: $4,300 water bill... Any help would be appreicated
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
@Sean O'Brien this happened to me when I first bought my home. The water bill came in at $8k. I called them up and they sent someone out to take a look. They figured out it was an issue with the meter and they sent me an updated invoice.
Post: Birmingham AL & Surrounding Areas
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Count me in for a periodic zoom meetup!
Post: Creative ideas to buy a multi-family after first home?
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
@Mason Hickman plan was to use it as an investment property. So it sounds like I’m stuck with the 25% down?
Post: Creative ideas to buy a multi-family after first home?
- Rental Property Investor
- Houston, TX
- Posts 9
- Votes 1
Hi all,
My wife and I recently closed on our home back in March. I’ve been saving aggressively to buy a multi-family since, but I was wondering if anyone had some creative strategies to take advantage of some of the loan programs so that I don’t need so much upfront. I know, I know, I should’ve bought the multi-family first, but the home we bought was a steal, so I couldn’t give it up. I welcome any and all suggestions. Thanks for your help!