All Forum Posts by: David Gillilan

Hi Casey, and welcome to BP.  I'm in Texas, so our markets are quite different, but I would probably get pre-approved to determine what rates you can expect.  From there you should be able to approximate your monthly mortgage and then simply search in the areas that will yield you a nice monthly profit. Don't forget to account for expenses, repairs, and the dreaded vacancies.  

I own two rentals in DFW, Texas. If you have any other questions, ask away.

David Gillilan 

Hey everyone, I'm looking at building a list on listsource.com.  They have a mortgage tab that allows you to select from different lien positions and other criteria such as mortgage date, mortgage amount, and lender name.

Does anyone have experience building these list?  What mortgage criteria has provided you the best results? 

Thanks,

David Gillilan

Getting started seems to be the most difficult task in RE. Finding a mentor would obviously be extremely valuable, but how does a newbie reciprocate that value?

David Gillilan

Thanks @Eric Fernwood,

I feel like I have a good handle on the math to determine the maximum offer, but your software would be a big help regardless. The question I have is, where can I access sales comps if I'm not a licensed agent?

Thanks again,

David Gillilan

Thank you for the direction. 

David

Hi everyone,

I started as an accidental landlord and now own two rentals in the Fort Worth/Arlington area.  I'm looking for more active income and want to flip my first house, but I'm concerned about financing with hard money.  I have enough cash flow to cover carrying costs and utilities, but no cash for down payment or rehab.  

Is it really as easy as they say it is to fund a flip with hard money?  Should I be looking for a deal first, or should I reach out to a hard money lender prior to finding the deal?

Thanks for the guidance,

David Gillilan