All Forum Posts by: Hiron Fernando

There are plenty of community banks who will do this. Try T Bank:

16200 Dallas Pkwy Suite 190, Dallas, TX 75248

tbank.com

Question for you is...I have a foreclosure with no electric meter. Will the power company install a new meter for you, when they come to turn on the power? 

So my question is, if there is no meter will the power company install a new one for you for free when the come to turn on the power? 

I would be interested in another meet up!

Thanks Katie. I am certainly open to talking and helping in anyway I can. Shoot me an email and we can discuss specifics.

-Hiron

Hi All,

My name is Hiron Fernando from the Dallas / Fort Worth area. I became a member on Bigger Pockets a few months ago, but just now getting around to introduce myself.

I am a relatively new investor and have been learning a lot of new things from BP. My experience so far is as follows:

I purchased a flip property in Richardson (suburb of Dallas) in November 2013, and wrapped it up and sold it last year. In December 2013 I purchased a SFR, fixed it and have been renting it since March 2014. Finally, I purchased 1 duplex and another SFR a few weeks ago, which I am getting ready to rehab now.

I am interested in networking with everyone, especially folks in the Dallas area. I would love to hear of any "investor friendly" general contractors or other tradesmen that you all have been using. I feel like this has been the hardest part for me. I would also love to help/discuss my experiences to anyone who is interested.

Thanks,

-Hiron

Hello all,

I recently purchased a duplex and a sfr and have some remodeling work to do on both of them. I have done work in Fort Worth in the past, but am in the process of working in Dallas. My contractor does not want to make the hike to Dallas. Therefore, does anyone have an "investor friendly" contractor that they could recommend?

I know how difficult it is to find a reliable contractor, so I would love for this to be a win-win situation. If you can give me a solid contractor recommendation, I will give you my foundation repair person who I have used for a long time and does great work, at very affordable prices all across the metroplex.

You can send me an email or call me to discuss further.

Thanks,

-Hiron

817-681-4330

[email protected]

Are there any get togethers for investors from BP to meet and chit chat about experiences in the Dallas area?

Hello, I am relatively new to Real Estate investing, with 1 single family and 1 duplex. I would love to take advantage of the economies of scale with an apartment complex (maybe 5-20 units). 

I feel pretty comfortable about the entire process of purchasing, rehabbing, and renting out 1-4 family residential, but how about with anything 5 and more? I realize you obviously can not get a conventional mortgage, but I use a small community bank, so financing won't be a problem. 

I would like to know, the differences from a government rules standpoint? For example, I heard that you have to have a dedicated on-site property manager for some large units? What about the mechanicals, I have heard you need specialized equipment for things like HVAC, and hot water heaters. Can you please clarify the differences between residential and commercial real-estate from this perspective.