All Forum Posts by: Clint Jusino
Clint Jusino has started 6 posts and replied 151 times.
Post: Connected Investors.com Real or scam
- Dallas
- Posts 154
- Votes 94
Quote from @Allen Berrebbi:
99 bucks a month, is this legit? Anyone use them before?
Any better alternatives?
Post: Investor networking event in greater DC area?
- Dallas
- Posts 154
- Votes 94
Quote from @Zeliang Zheng:
Does anyone know any networking event for real estate investor in DC area?
Post: Carpet vs water proof laminate in bedroom
- Dallas
- Posts 154
- Votes 94
Quote from @Bob S.:
Hello. I’m remodeling a house for rental and I’m debating if replace all carpet for hardwood floor, even on rooms and closets. My concern is if it is a good idea to get rid off carpet, will it be appealing for renters in Texas. The house is built in 2001 and has a pool as well.
Post: Contractor and Materials Selection
- Dallas
- Posts 154
- Votes 94
Quote from @Deonte Hill:
Good morning all,
I just had a quick question. How are you guys selecting your contractors and materials to do a rehab. Are you utilizing multiple contractors or one General Contractor? As for materials and the such, are you using an interior designer or using the interior of comps in the area?
I ask these questions because I’ve done the analysis on properties and now I’m just trying to execute!
Thank you!
I have used a GC which was much easier for me to manage one guy then multiple. As for designs I went on Amazon and bought most of the items. Much cheaper than Home Depot. I only used Home Depot for stuff you can't buy on Amazon. I also used Floor and Decor which is very affordable. I would look at comps in the area and slightly go above what they have to stand out. It also depends on your exit strategy. Are you doing a BRRRR or Flip? Flip I was told to go with higher end stuff to get the most out of the sale. BRRRR you can keep it more economical. Best of luck to you!
Post: Dallas Texas - Off market deals wanted!
- Dallas
- Posts 154
- Votes 94
Hello @Ashley Undercuffler I'm part of a DFW Investors group on groupme I can invite you. Someone in the group has literally just asked the same question about 30 mins ago. Small world.
Post: Painting Kitchen Cabinets
- Dallas
- Posts 154
- Votes 94
Quote from @Patrick Snyder:
I usually do. Sometimes I'll paint the interior a different color as well. While it does add extra time and cost, I think it's worth it to have a more finished looking project
I agree with @Patrick Snyder. I have done this on one of my rentals and my primary homes and it's like a 180. I highly recommend doing outside and inside. I have pics I can share as well.
Quote from @Dallas Hoover:
Good afternoon Gs, My name is Dallas Hoover 19 years old.
Im new to the Real Estate world and I would love to connect with people. Weather that's for swapping numbers to meeting in person for coffee. If you can shed any tips or know any FHA lenders drop them down below for me.
Welcome Dallas to the BP community! I live in the South Dallas as well and would love to meet over coffee. Im also part of a DFW Investors group on groupme i can invite you to. Several seasoned investors i can connect you with. I can share what i have learned from my 2 rentals as well. I'll DM you.
Post: Assistance on how to get cash out in investment properties (TX)
- Dallas
- Posts 154
- Votes 94
Quote from @Chris Marette:
Hi Everyone,
I own about a dozen properties in Texas and I am trying to get some cash out. Unfortunately, it seems like the state of Texas forbids HELOC's on investment properties and I am reluctant to do a cash out refi (or sell the properties) as my current hard money rates on these properties are between 4.5%-6%. Am I SOL or has anyone find a loophole or different product that will allow for this type of scenario?
Looking forward to any suggestions or tips.
Thanks
Hey @Chris Marette I just got done working with a local lender that may be able to help you. I'll DM you with details. Congratulations on the dozen doors!
Post: New Door and Shutter Color
- Dallas
- Posts 154
- Votes 94
Quote from @AJ P.:
Hey everyone, I’m getting new garage doors and windows on my duplex property. They’re both going to be a plain white. I wanted to refresh the paint on the front doors and shutters as well. Does anyone have a color suggestions? I was thinking about staying with a similar red or changing it up with a navy. Thank you!
Post: Seasoning Periods for Limited Cash Out Refi
- Dallas
- Posts 154
- Votes 94
Quote from @Mark Koontz:
I am currently under contract on a primary residence that is in disrepair. Due to the closing deadline/home condition, I am looking to use a private lender for the purchase instead of conventional from the start. The private lender wants to be repaid in ~3 months. That would give me enough time to repair the house to meet conventional standards and force equity for the cash out LTV %. I know Fannie/Freddie changed the guidelines for a cash-out refi to 12 months, but I'm seeing something called a no cash-out refi/limited cash-out refi. If the only cash being pulled out of the house is to pay off the first lien (private lender), is there still a seasoning period? Rehab will be paid with my cash.
Also I have the option of recording a lien, or not recording a lien for the private lender. Not sure which would be better.
PP: 400K
Rehab: 50K
ARV: 600K
Here is where I'm seeing the information -
https://selling-guide.fanniemae.com/sel/b2-1.3-02/limited-ca...
@Mark Koontz I'm currently doing a 2 step loan at the moment and can share details on the whole process. No seasoning period. DM me for details.