All Forum Posts by: Brooke Noth

Hey Caleb,

I prefer to buy and hold, but like @Brandon Miller said, it really depends on your goals. It may help to talk through your options with a realtor, so that you can see what margins you would have realistically on the flipping side vs buying and holding. Let me know if you'd like for me to connect you to anyone to help discuss your options.

Thanks,

Brooke

Anastacia,

You are correct - we cannot cash out refi (TX A6) on VA loans in Texas. How much do you expect the rehab cost to be? What would you estimate the current value to be?

You could do a conventional refinance, if you had enough equity in the property. But you may be better off doing a personal loan or a HELOC if the amount is not very high and your time-frame for selling is short.

Thanks,

Brooke

Hey @Darren Looker,

Great questions. Are you going to be cash out refinancing for the primary residence or just rate and term refinancing? If you are going to be cash out refinancing, you won't need to do a HELOC as well, as you'll have the equity from the refi at closing. Typically, investors do one or the other.

Let me know if I can help answer any other questions! I'm happy to share my experience.

Have a wonderful day,

Brooke

Hey @LaNelle D Owens! 

I personally invest in San Antonio and would be happy to share my experience with you. Feel free to send me a message and I can help you find great people to work with. 

Hey Cavelle,

The "Due on Sale" clause can be difficult. But, that being said there are other programs that use your payment history as credit towards your purchase. Let's chat, I think there could be something that we could help with. Message me and we can setup a call. 

Have a wonderful day! 

Brooke

Hey Taylor! Welcome to the forum. Congrats on getting started and the growing family! It's exciting that you are getting starting on your RE goals. Have a wonderful day! 

Hey Annie, 

Welcome to the Forum! I'm in Texas, too. Let's chat and see if I can help you find a great team/resources to move forward based on your needs. Feel free to message me and we can setup a time. 

Hope you are having a wonderful day! 

Hi @Henry Vu, 

There is lots of great information on these responses! One of the other ways you can find a great deal is to have a quick close option on your offer. You are going to need to compete with cash buyers for a lot of San Antonio purchases. We help our clients close in 15-21 days after pre-approval. That way you can compete and show that your offer stands out. Hope this helps and let me know if you have any questions I can help with! 

-Brooke Noth

@Tiffany Smith - I have awesome connections in San Antonio that I’d be happy to introduce you to (agent, contractor, PM) ! Let’s chat about your needs, so I can connect you to the best fit. 

Hey @Sara Cogar,

I know $100 per month doesn't sound like much, but it does sound like you have equity and future appreciation to consider. From what you are saying, it looks like this property will have 80k in equity when you go to sell it, with only 40k of investment. Not too shabby. Also, are rents increasing in the area? Always something to consider for future improved cashflow. 

Brooke