All Forum Posts by: Carl S.

@Hendrik Stephan Congrats! I’m originally from Durb’s. Have you checked out https://sapropertynetwork.com might be able to get better local feedback.

Hi @Danielle Scott, I believe you should look at an FHA 203k loan as it allows you to finance in $35k for rehab while still potentially only putting down 3.5%. https://www.guildmortgage.com/ seem to look like a pretty option as they do FHA loans and some of the Texas incentive programs - I have never used them so please make your own decision. Good luck

@Jessica Franco Texas & Oklahoma for now but looking in AR & MO

Hey @Jessica Franco! 
I believe there quite a few Saffas on BP, I connected with another in AR a couple weeks ago. I'm originally from Durban and now in Dallas-Fort Worth. One of my mates who's on the yachts invests back in SA and I believe he was working on a STR in Ballito towards the end of last year, not sure how it planned out.

Totally in for that braai! 

@Donovan Maskell Congrats on working through the green card process, that brings many opportunities. I'll inbox you

Hi @Donovan Maskell, I’m originally from Durb’s but moved to TX in 2015. How long have you been in the US? It can be difficult getting conventional loans if you haven’t filed at least 2 tax returns but you could have a few options. Whereabouts are you in the US?

@Jonathan Schwartz bare in mind that as soon as you have 5+ units it will be treated as commercial. I'm not an attorney but my thoughts would be to go with the LLC, it would possibly be "cleaner" especially if you get your Operating Agreement correctly setup. It would also allow you to potentially buyout other partners (you never know what life events may occur) with potentially not disturbing the debt, this could be more tricky if you're all holding title individually. An LLC could also potentially help with asset protection.

Hi @Yan Yan I am currently invested in one of their other deals and have spend much time with both of them. I feel that are great sponsors and communicate well. I would have no problem investing with them again. Feel free to reach out to me directly if I can assist at all, I am local in DFW.

Thank you @Scott Mac. Yes sir, currently busy with our next acquisition

Thank you @Jay Hinrichs