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All Forum Posts by: Austin Sine

Austin Sine has started 4 posts and replied 85 times.

Post: What is the deal factor that immediately turns you off of a deal?

Austin SinePosted
  • Real Estate Broker
  • Kansas City
  • Posts 86
  • Votes 43
Originally posted by @Guifre Mora:
Originally posted by @Austin Sine:

While doing back of the napkin due diligence what is a standout factor that will immediately turn you away from analyzing the deal any further?

HOA & MEllO-ROOS !

Not familiar with Mello-Roos, is this an additional tax charged by the community? Have you had a bad experience with this in the past? 

Post: What is the deal factor that immediately turns you off of a deal?

Austin SinePosted
  • Real Estate Broker
  • Kansas City
  • Posts 86
  • Votes 43
Originally posted by @Dexter Harris:

Negative cash flow, rents at market rate. 

Negative cash flow combined with little-to-no room for value-add is definitely a red flag. Thanks for sharing.

Post: What is the deal factor that immediately turns you off of a deal?

Austin SinePosted
  • Real Estate Broker
  • Kansas City
  • Posts 86
  • Votes 43

While doing back of the napkin due diligence what is a standout factor that will immediately turn you away from analyzing the deal any further?

Post: House Hack Financing Question

Austin SinePosted
  • Real Estate Broker
  • Kansas City
  • Posts 86
  • Votes 43

@Andrew Postell Thank you very much, this is extremely helpful. 

Post: House Hack Financing Question

Austin SinePosted
  • Real Estate Broker
  • Kansas City
  • Posts 86
  • Votes 43

@Andrew Postell apologies if i am hijacking the original poster her but I am in a similar situation.

My goal is to FHA a duplex in order to pay off my mortgage all while reserving capital for a BRRRR deal. In a perfect world I will be purchasing the BRRRR project within 6 months of the FHA deal.

I have not spoken with a lender but I have heard from others I will run into a roadblock with DTI issues. I have no debt and good credit. Do you see this as a roadblock?