All Forum Posts by: Rod Hanks

Dallas is generally one of the more easier cities to work with when it comes to permitting. The permitting process there is much easier compared to some of the surrounding cities, which can be much more difficult to work with.

As for ADUs, I haven’t come across any major issues specifically with Dallas. That said, one thing you’ll definitely want to watch out for is buying in a neighborhood with an HOA, they can be extremely difficult—sometimes nearly impossible—when it comes to approving or allowing ADUs.

Insurance is probably the most overlooked and underestimated expense when investors are underwriting deals. Great info!

@Jason Solley
We have markets but most will require updates within the past 20 years of the major systems. (Roof, electrical, plumbing, hvac) There's leeway for electrical and plumbing though. But the roof if it's over 30 years old will be insured at actual cash value versus replacement cost. No company will knowingly insure a roof that's 30 years old at replacement cost. Let me know if I can help. 

@Chris Storck

Sober homes are a little more difficult to insure. NREIG and Steadily only insure 1-4 unit type rentals. We may have a market for you if you still looking.

@Mike Mazzucco You need to get those rentals on a commercial policy to get the claims separate from your personal residence.

It only makes financial sense for the lender. In my humble opinion this lender offer screams unethical. 

My best cash flowing rentals are frame. Tenants don't care as long as house is decent clean in a safe neighborhood with decent schools.

Wow Just Wow!! Home Run. 

Quick answer is yes it could trigger due on sale clause. It's best to close in LLC name at purchase.

Welcome and congratulations on getting started! Detroit is a great area to invest I've heard. Make it happen!