All Forum Posts by: Denver McClure

Hi @Sarah Santa Cruz! I wouldn't pay any extra. A good barometer is 8%, which is the market's historic return. So if your debt (consumer or mortgage) is above an 8%, then feel free to pay it down to lock in that return. If you are below 8%, then I'd aim cash at investments.

However, if you are on your 5th property, then you understand the power of refi's. Chances are you'll want to refi in a few years anyway once rates fall. We typically recommend a 2% gap before a refi, so you might want to aim for a 5.375% rate before speaking with your lender. 

I would recommend using a calculator to evaluate future rates and determine at what point in time/rate would you cash-flow at a comfortable level (after capex, repairs, vacancy, pm, etc). 

Feel free to reach out if you'd like to bounce ideas around. 

Hey @Dean Bergstrom, yes the DSCR loan would work in this situation, but it might not be the best option. Feel free to PM me if you'd like to chat. We can look at DSCR loans as well as a few other options.

Understand the need to 1031 without any debt left, we've helped a few clients knock out debt to 1031 into all-cash DSTs.

Hey @Robert Mendez, we have a few lenders in the area that can get this done. Feel free to PM me.

Hey @Ariana L., we might be able to help! Feel free to shoot me a PM if you'd like to chat about your strategy. 

Hi @Claudia Stewart, I'd recommend @Stanley J Black. He's helped several of our investor clients here in DFW. 

Hey @Matthew Adams, we have access to several lenders that are experienced with motels/hotels. You might have several different loan options available to you depending on your needs (acquisition + rehab). Feel free to shoot me a PM if you'd like to chat about the deal.

Hey @Trenton Brown, unfortunately you'll see several multi-families that are incorrectly listed on MLS, so you'll need to look closely. I've househacked several properties in Dallas and I still believe it's a great market to househack if you can find the right deal. You might want to expand your scope to search for SFH+ADU, and live in the ADU portion. They are really popular in the older neighborhoods surrounding Dallas. Nearly a half dozen of my clients are looking for their next househack or MFH in DFW right now, so just a piece of advice....move quickly!

I'd suggest speaking with an agent who also househacks. @Matt Solis can help!

Hey @Michael Martin, at 55 with a plan to retire at 65, most advisors should recommend debt pay down and more conservative investments as you enter the wealth preservation stage of life. If the 4-plex is properly analyzed, and the data suggests $800/month cash flow after vacancy, Capex, and repair budgeting, then it sounds like a solid deal. I would suggest sharing the property analysis with your advisor to he/she understands the deal and properly add it into your financial plan.

The remainder of your inheritance should be directed toward conservative assets or paying down high interest debt. That strategy should be clearly outlined by your advisor. 

Hey @Ron Bynoe happy to connect and help anyway I can. Feel free to PM me if you'd like to chat.

Would highly recommend @Harrison Sharp!