All Forum Posts by: Danny Webber
Danny Webber has started 86 posts and replied 763 times.
Post: Cash out refi or HELOC on primary residence
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
@Jody Sperling agree with Jody plus
I would not touch that little of equity in a house even at low interest rates. You may want to refi anyway to a 10-15 yr note and then turn that into a rental with a massive principle reduction per year for 3-5 years then refi into a 30yr note for max cash flow or just ride out the short term amortization.
Lots of strategies and ways you can go. What fits your mid/longterm goals/strategy?
Post: Debt to Income ratio
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
Assume everything matters as if it was a purchase loan. Also keep in mind that some lender overlays will not allow you to use new rental income unless it was on a tax return or you are an experienced landlord.
Post: Amazon announces 820,000 square foot center near Austin, TX
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
Enough of this hot RE market...... We need a cooling off period!
JK
Post: Final hurdles cleared for Telsa Gigafactory in Austin
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
heck yeah
Post: Real Estate CPA in Austin?
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
I use Pat Bibb out of San Antonio- great cpa and guy for REI
Post: Flip local or BRRRR out of state?
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
Do both. My experience tells me that you will have less stress managing a local project for sure though.
Look for the deal. If you are new i think you should cut your teeth locally.
San Marcos to Waco up I35 and east/west is doable from Austin
Post: Is it time to SELL, SELL, SELL in Austin, TX
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
Originally posted by @Aaron Gordy:
@Danny Webber You know man, every time I end up selling I regret it. Case in point, I had bought a house off south 1st and cardinal 78704 for 100k and sold it a couple of years later for $160k thinking that I had made out like a bandit. That same property is worth around $600k now. Its been 10 years but I do regret selling it. I see the stats too and think lets sell but then I think about that house... Idk...tough call.
I do that all the time... it is sellers remorse
Post: Is it time to SELL, SELL, SELL in Austin, TX
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
June 2020 Austin Home Sale Stats
Everything points to lower inventory, more sales and less days on market with an increased median sales price.
It's a good time to be a seller!
I personally will be trying to sell a couple of my rentals. I have been in sell mode for a couple of years now so this fits my investment strategy well.
#stackdrypowder
Get ready for investment opportunities
.
Post: Tips on House Hacking in Austin
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
I do not follow roommate income trends in Austin so am not a reliable source of info there. I can say that anywhere you can find a deal in Austin (equity/value/appreciation/taxes/ins/hoa) you should go after it it works for you.
Austin has low inventory right now so it is a sellers market. Your best bet is buying off market if you can find one.
I wish there was a place on a map i could put my finger and tell you to invest there.....
Post: Build - Loan options
- Real Estate Broker / Investor
- Austin, TX
- Posts 834
- Votes 449
Normally you will need 20% +/- down to build either in equity or actual cash on the project. Check with local banks.