All Forum Posts by: Chris Marroquin

Welcome to BP Mylie!  Local lender, helping investors on flips and rental (traditional) portfolios here in TX.  We have a few events every year where you can network and meet other investors we work with, ping me if you'd like to connect. 

Hey Collin, I finance BRRR properties here in central TX and have several recs, shoot me a dm and I'm happy to share contacts.

Most investors start w/ wholesaling. You may not make a ton but you'll learn how to find good deals. From there, the typical evolution is flip/brrr SFR 104 properties (much more liquid than land) but really depends on what you want your niche to be, have seen plenty of guys focus on wholesaling/flipping land and finding success.

Don't feel too bad, it's their job to sell.  I have plenty of investors who see deals from them every day and only buy a few a year.

Agree w/ respect to starting w/ a partner who is experienced for the first time but have seen plenty of investors who have a plan and history of executing get it done.  In terms of a lender who would work with first timers, there are a few good ones in Houston - pm me and I'm happy to send recs.

Same - [email protected]

I love this question! It really comes down to loan type (bridge vs rental) and balance sheet size.  Most lenders will limit you based on % of AUM so their exposure with one borrower isn't too high.  The other aspect is protecting the borrower from themselves, the greatest risk is over levering and putting their client in a position to fail.  I'd bet as you prove you can handle more and have the business plan in place, your exposure limit will increase, provided it isn't a balance sheet limit.

If you're talking about rentals and cash flow is positive, exposure can be much higher.  We've seen exposures in excess of $20M with one client between bridge and term loans.

Jack Schulze is local and has been great for my clients - builders, SFR portfolio investors.

https://ledgersheet.net/

Cheers!

Hello Sam, in my experience Bell county and Williamson county have been great.  Brace for impact on taxes coming from Philly, no abatement and aggressive annual property tax increases every year.

Cheers,

DSCR 30yr fixed or 5, 7, 10 yr ARM is 6-7's now, standard prepay is 54321, assume +15 bps to rate for 321 PPP. I don't typically see full term IO on a single asset, usually for MF5+ properties or larger SFR portfolios (10+) and underwritten with expenses (NCF) vs PITIA.