All Forum Posts by: Hank A.

You might want to read this book:

http://get.biggerpockets.com/nomoneydown/

Thanks @Kim Hall

Hey all, slightly off topic, but can you recommend a good title company that you've worked with and had good experience with? I'm currently working on a refi with a title company that just won't return my calls/emails/voicemail, and I need to replace them asap to close this deal on time. Thanks.

Can somebody recommend a good (i.e. efficient, responsive, professional) title company in the Dallas Fort Worth area, especially north DFW in Plano/Richardson/Addison areas? Thanks much.

All else being equal, I'd go the 30 year option to make my monthly payment lower and accumulate the money quicker to fund my next deal.

It was nice meeting you all today. Let's do this with some frequency, maybe once every two months? The people that couldn't make it: we missed you, and hope you can attend next time. I don't see a couple of today's attendees on this thread: Troy and Chelle? Anybody have their BP profile links?

Double check your numbers, perhaps use the rental calculator on BP, and make sure you are not missing something. I don't see costs for property tax, insurance, management company, vacancy, utilities etc. If it sounds to good to be true, it deserves are very careful research.

I would not buy a garage conversion for a rental property. It is more difficult to "sell" to a tenant. As a garage, they may choose to use it for the cars or for storage or as a gym or extra room etc. But if you have converted it, you take away their choice to park indoors. It eliminates a percentage of your target market.

Bigger Pockets calculators under Tools on the top menu, direct link here:

https://www.biggerpockets.com/real-estate-investme...

I'm assuming the HOA includes insurance. You could lose money when you add in a very good chance there will be some major capital expenditures in the next 5 years. HOAs often will decided to replace a roof of repair something major and all members have to pay. They also often increase monthly/yearly dues. This only makes sense if you are beyond certain of appreciation. Remember prices did fall in CA during the 2008 crash. Have you figured taxes on the capital appreciation? Overall sounds risky...