All Forum Posts by: Christian Garcia
Christian Garcia has started 25 posts and replied 38 times.
Post: Leases
- Dallas, TX
- Posts 39
- Votes 3
After i become the new owner of an apartment complex do i have to go back and change the dates on the current tenant leases or can i leave them like they are ?
Post: My First Property
- Dallas, TX
- Posts 39
- Votes 3
If a multifamily property is on the market for sale for 2,000,000.00 "AS IS", about how much money would i need to have upfront in order to buy it ?
Originally posted by @James Stevens:
That depends on the loan you get. If you are going to live in the property and make in an "owner occupied" property that can reduce the amount of down payment required.
Never thought about it like that . Thanks for that tip
I'm looking into investing into a multi family property that is for sale and I've been told by another investor that I need to pay at least a 20% down upfront in order to make it mine
If i start building credit now, will the bank loan me a much higher amount than what i ask for ?
Post: Property Hunting
- Dallas, TX
- Posts 39
- Votes 3
ok guys so there is a multi family property on loopnet for the price of $199,500.00 , with that being said does that mean I have to pay the full amount up front ?
As a first time investor should i invest in a multifamily apartment complex or single dwelling home ?
Post: Investing in my first property
- Dallas, TX
- Posts 39
- Votes 3
So Ive been working as a leasing agent for an apartment complex in Dallas, Texas for over 8 months now and over these past few weeks ive been thinking about becoming an investor my self , but i dont want to quit my job for the simple fact that i need money to cover for my living expenses . Any recommendations or tips on becoming a part time investor ?