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All Forum Posts by: Denver McClure

Denver McClure has started 1 posts and replied 553 times.

Post: DSCR loan for motel style property?

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Jillian Shuler we have a few lenders that finance deals like this. Feel free to reach out!

Post: Property Management company

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Sadashiva (Sada) Yelluru, I'd recommend speaking to @Bryan Waters from Mynd Property Management.

Post: Introduction New member

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Joshua Ibarra, feel free to reach out. Always happy to provide guidance to a fellow investor!

Post: Investors/Agents in El Paso, TX

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Dean Halpin I have an investor in that area and a contact in commercial RE if needed. Congrats on getting your license! 

Post: Spent 250K to add an ADU in South Bay or buy a condo in East Bay in 2024

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Felix Shi, your decision really should be based on your risk tolerance and goals. If you need the cash flow for portfolio expansion, go with the ADU. Adding that extra unit will reduce your risk since you are adding another income stream to a property you already own. Condos can be tricky. Everything depends on the HOA and what they will allow as far as amount of rentals (within the complex) and the type of rental (LTR, MTR, STR). The HOA can easily close your rental down without much notice so be careful there. I also wouldn't say condos have superior appreciation either.

I've built an ADU and operate it as a MTR. It's been one of the simplest and most profitable investments in my RE portfolio.

Post: New Investor Trying to Connect with More People

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Krupa Bhavsar feel free to reach out if you need help analyzing deals. Always happy to assist!

Post: Seeking Advice for Our Next Real Estate Investment in or around Pittsburgh

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hi @Emily Paul, feel free to reach out if you'd like to chat sometime. I'd be happy to provide guidance.

Post: swap broker advisor for fee based advisor

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hi @Lisa Gooding. I'd recommend speaking with @Jeff Nash if you are looking for an advisor (and CPA) who is well versed in tax planning.

Post: First Property - House Hacking Strategy

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Caroline Knight, feel free to reach out if you'd like to chat. I've used a VA loan to househack one of my duplexes, so we are on similar paths!

Post: Advice for getting started

Denver McClure
Posted
  • Financial Advisor
  • Dallas, TX
  • Posts 596
  • Votes 466

Hey @Stephanie Tudino, feel free to reach out if you'd like to chat!