All Forum Posts by: Hector Duran

It's all fun and games when starting your direct mail campaign and ads, but how would a conversation go when a seller actually reaches out to you? What questions should you ask?  Should you have a script? How should you introduce yourself without selling yourself too much? Any advice would be greatly appreciated. 

Hello BP family! I'm looking into purchasing my first SFR rental. It needs some work but not down to the studs however, it is tenant occupied. What are some things I should look out for when purchasing a tenant-occupied home? TIA!

I am thinking about purchasing with a HML, that way I can still have some cash left over. I know I also need to speak with a HML first. Hoping I can find someone willing to work with me since I have no experience with REI.

Hello everyone!  Newbie here.  My question is do I need to have a deal closed before I approach a lender to help refinance a property or can I talk to them about my plans (no deal yet) and see if they would be willing to help me refinance properties in the future?  Thanks!

Hello everyone! About 8 months ago, I purchased my first property which was new construction. I have several warranty's on the house that covers a lot of expenses which led to the idea of renting out my primary residence. I put 5% down and after running the numbers I expect to cash flow $200 a month. Now , my question is I currently have a DTI of 38% (99% of it is the mortgage) Will I still be able to qualify for an owner occupied loan even though I already have one that will be rented out? Will renting out my primary residence reduce my DTI since i will no longer be the one paying for it? Thanks!