All Forum Posts by: Denver McClure

Hey @Jermaine Johnson glad to meet another house hacker in Dallas! I would reach out to @Tyler Hodgson at NXT Mortgage to talk about FHA requirements. He's helped me with my FHA loan, and assists a ton of real estate investors in the area.

Yeah that's pretty good. My cleaner also does guest communications and property escalations. $167 for a 2bed/2bath Airbnb and $67 for my studio apartment Airbnb. 

@Kevin DuBrey If you have an individual or joint taxable account, you can contact your brokerage and discuss getting a Margin Loan or Line of Credit to borrow cash at a low cost against your portfolio. Here's examples from Interactive Brokers. 

Happy to help @Jose Rocha! Yeah a brokerage account usually is the same thing as a individual or joint taxable account. Pretty much it won't be listed as an IRA, 401K, HSA, or anything else that is retirement/health related. Here is a quick comparison on a few Margin Rates right now. Interactive Brokers is where I manage my client funds, obviously their rates are favorable for real estate investors like us :)

Hey @Michael Trueba! One more way you can raise additional cash is if you have an Individual or Joint Taxable account. You can speak with your brokerage and determine if you're eligible for a Margin Line of Credit. Depends on the brokerage, but they may lend up to 50% of your account's value without you needing to sell and stocks, bonds, or ETFs. It's a strategy I've employed personally, and one that I recommend to my investment advisory clients for rental properties. 

Hi @Bailey Rentz! My tip would be to ensure your personal finances are in order before you begin flipping. This could be an emergency fund in cash to cover 3-6 months of a mortgage, or having the ability to access cheap capital to fund your flips! One strategy I've used on a recent flip was to utilize a Margin line of credit on my taxable brokerage account. If you have one, you can borrow a certain % of funds (without selling stocks, etf, bonds, etc) and use that cash for your flip. It's a common strategy I create for my investment advisory clients! Here's an example of some of the rates.

Hey @Jorge Guilson Garcia! Congrats on taking the steps to buy your first rental property! I've acquired quite a few rentals in the Dallas market (check my profile) and would be happy to help provide recommendations on agents, lenders, and tips that will help you both get started. I currently am househacking a duplex in bishop arts with my roommate (also a travel nurse) lol. Let's connect!

Hey @Brian M.! A ton of great advice already on this post. The only thing I wanted to comment on was your $150k on the sidelines in equities and crypto. I would consider a Margin line of credit against your portfolio so you can get cash for a rental down payment without selling your stocks, ETFs, bonds, crypto, etc. It's a strategy I practice myself and one I recommend for my investment advisory clients. Just wanted to make sure you know you have the option to hold onto your current investments while utilizing leverage to enter real estate.

Hey @Michael Healy! Do you happen to have an Individual or Joint Taxable account? If so, you may be able to utilize a Margin line of credit and borrow against your account value without paying a penalty or tax. For example (depends on the brokerage), if your Taxable account value is $80,000, you may be able to borrow 50% of the value (without selling any stocks, bonds, etc) at a variable interest rate. This is the strategy I recommend for my investment advisory clients and have done myself. 

Hey @Jose Rocha! I would suggest you and your wife open a Joint Taxable account to deposit your additional income into. In that account, you can invest your funds into low cost ETFs and fixed income products to help your account value grow. Plus the added benefit of these accounts is your ability to utilize a Margin line of credit for future rental deals if the rates are good. Several of my investment advisory clients are practicing that exact strategy to acquire more rental properties (or pay for renovations) while using leverage from their Joint taxable account. Happy to help explain this further if needed!