All Forum Posts by: Daniel Okorie

In Houston tx btw

Does anyone know contractor that does stained concrete for sfr?

Welcome!

Welcome

Just don't over leverage but HOUSTON is definitely hot depending on pricing!

If you worked at the same job for the last 2-3 yrs and or same industry for the same time period, with good credit, good dti ratios, good dtc ratios I dunno why you can't. If your full time your full time.

Welcome

@ bobby Barlow If you already have a homestead the you could be looking at up to 20% down on what would be your second home/investment property.

do a mix of buy hold and flip. if you have cash to start (say from severance pay), flip 1 then use profits from that as down payment for 1 you can hold that will cash flow. Repeat.

I wouldn't rush to blow that $50k on two properties immediately. I think you should look at turn key deals....if you have a full time gig. Then wait until you have collected at least 6-12 months worth of rent then buy another sfr. Maybe after the 1st or 2nd sfr purchase, you may want to do a flip to replenish your free cash to have enough down payment for your 3rd and 4th property.