All Forum Posts by: Craig Koehne

Hello all We are investors in the Katy/Houston Texas area and We are looking for our first rental for our portfolio and plan on using the BRRRR strategy to be able to multiple deals a year as we find them. We have a few private lenders are looking to work with us but I'm not sure how this works when you are just starting out. Our plan was to buy a property using the private money from our lenders at 8-10% interest and then refinance 6-12 months later and repay them their full balance. When talking to a bank they informed me that they don't take the rental income into consideration until after 2 years so to be able to refinance we would have to qualify on just the income from my W-2 job. I know at this point i don't think I would be able to qualify to cover both my primary residence as well as the rental. We will have enough to cover few months of vacancy in savings and lines of credit. So I guess my question is how can you do the BRRRR strategy when just starting out and qualify for the refinance? Thanks

@Cody L. Im starting a multi-faceted Direct Mail approach focusing on a few select neighborhoods near where I live. Looking at the normal absentee owners, out of state owners, tax deliquent, REO, but also sending letters to anyone who has high amount of equity in their homes who would be willing and able to negotiate if they are looking to sell.

@Michael Nyszczot @Kenneth Garrett @Nikolas Ferreira Thank you, looked into list brokers and listsource and they have some good information. Will need to narrow down exactly what im looking for. 

@Peter Mckernan My wife is a real estate agent, and we are going to start meeting and talking with as many investor friendly agents as possible. I like the idea of getting lists from title reps, will have to try that out. 

Also, we did find the Houston MLS that we can actually search by neighborhood and pull tax records. This might be the way we start until we are ready to ramp up the direct marketing campaign. Starting with 200 properties and going to go from there.

Thank you

Craig

Please send me some additional details. Also add me to your list. Looking mainly in west Houston area. Thanks Craig

Hello All, 

I am investor with one deal under my belt, and want to look to start a direct mail campaign. I live in Katy, TX a suburb of Houston TX. 

I have 2-3 neighborhoods that I want to target in my area. My idea was to find a complete list of all of the addresses in these neighborhoods, and then find out which houses have large equity %'s as to target them. 

I know i can find each address manually and then look up the tax records to see the mortgage history, but my question is if there is an easier way to do this, as this will be tedious. Not that I'm not willing to do it, just like to work smarter, not harder. 

My wife does have her real estate licence if that helps, so we do have access to the MLS.

Thank you in advance for any and all assistance. 

Craig

Looks like ill jump on as well, would love some additional information and options for insurance. @Jason Bott. Thanks!