All Forum Posts by: Antonio Rodriguez

Hello, I am in the central Texas area. I have just sold my home, and have enough to put 20 percent down on a new home. My plan is to buy an empty lot and have my father build a home on it. He has 15 years of experience before 2008. We have started a company, but have not used the company to build yet. Will the bank accept my father as the builder and loan me money to build a new home?

First off, I am new to real estate investing. 

I have a younger brother that attends college in Corpus Christ Tx. Instead of paying outrageous amounts to live in a dorm, he bought an old RV and parked it in an RV park. He has told me that this is a trend among most of his college friend. 

I know of a place in Texas where I can purchase park model rv's for 7,000 to 10,000 dollars. Would it be possible to purchase an Rv, rent a lot in a rv park then rent out the Rv. I understand that after lot fee and maitenence that my profit might only be 200-250 a month. 

Once again, I am new to this. I am just trying to get my foot in the door and generate positive income

I recently bought a home using a USDA loan. My mortgage payments are 550 total with taxes and insurance. Houses in this neighborhood rent out for for 750-800 a month. I am looking to rent out the home and have positive cash flow.

I understand that USDA requires owner occupancy, but is there any way to get out of this to be able rent my home?

Hello, I recently purchased a 3 year old 2br 1bath home close to a good university. I got a good deal and paid 70k for the home. I financed the house with a USDA loan and got low monthly payments. I am able to make 1000 dollar payments on the home and should have it paid off in around 10 years. I bought the home with the sole purpose of paying it off to rent it out.

Is it a smart idea to pay the home off the get a loan to do the same thing, or just jump in and find a way to finance another home to rent?

My goal is to eventually have around 10 rentals, but I think the method of paying them off and moving to the next home will take way too long.

As I said earlier, I am a complete novice to real estate investing and am just looking for advice.

Thank you for any pointers or good information.