All Forum Posts by: Daniel Tisdale

It is unsecured and is a non recourse loan.

 Yes they do require a personal guarantee, but no collateral for it.

Hi,

I have received an offer from BHG Financial for a loan of $155K with around a 15% interest rate to be paid back over 10 years. This would not be reported to my personal credit and I am looking at using the funds to improve my existing investments and purchase additional properties.

Has anyone worked with them before?

Thanks,

Daniel

I'm looking to purchase 1 ticket. Please DM if you have one available!

Hi all,

One of my family members has a house in the very desirable Westlake neighborhood and the Eanes school district. It is fully paid off and worth around $1 million today. They are coming to me with help about what to do because they don't have much money other than all of this equity in their house. 

Ideally I'd like to keep this property in the family, so I'm trying to think of some creative financing strategy that would allow me to buy it from them through seller financing or some other mechanism and allow them to retire with their house equity.

Does anyone have any creative strategies to help them that I am not thinking about?

One idea is to purchase it from them using seller financing and then rent the property back to them, but not sure if that makes much sense.

Thanks in advance,

Daniel

Thank you @Tarik Turner and @Account Closed! Any recommendations on where to research more about this or specific lenders to look into? These are all single-family houses, so not sure if that makes it more complicated or not.

Hi all,

I have 3 rental properties that have gone up significantly in equity and I was wondering if it is possible to do a cash out refinance across all 3 of those at once into 1 loan or if this would require 3 separate refinances.

Thanks,

Daniel

Investment Info:

Single-family residence buy & hold investment in Austin.

Purchase price: $325,000
Cash invested: $20,000

First home purchase that I house hacked with roommates and now turned into STR

What made you interested in investing in this type of deal?

Great first deal to get my feet wet into real estate

How did you find this deal and how did you negotiate it?

MLS and with my realtor

How did you finance this deal?

Conventional financing

How did you add value to the deal?

Turned into STR

What was the outcome?

Currently renting to a tenant on 12 month lease

Lessons learned? Challenges?

Take action and get started and your first property can set you up for future success

Thanks @John Underwood. Any resources or tips on how to best go about making sure I have a checklist of the items needed to be successful? I am working on furnishing the place and know that the next steps would be to get professional photos and start building my listing out online.

Thanks,

Daniel

Hi all,

I am doing my first long-distance Airbnb property in West Palm Beach and I am wanting to get everyone's thoughts on whether or not they would recommend hiring a property manager. I live in Austin, TX, so I wouldn't be able to respond to emergencies, but also know how much having a property manager might cut into my profit potential.

Would love to hear feedback from anyone who has thoughts on this!

Thanks,

Daniel