All Forum Posts by: Joe Funari

@Breanna Bounds I second what @Henry Clark stated about investing where you are moving to. Definitely advocate a BRRRR that you will move out of in a year to keep as a rental. Please let us know where your moving to as well. If your moving to the DFW area I would be happy to help you with your search regardless of exit strategy. Also, I am willing to share my network with my clients, as well as, recommend a couple of REI meetings to attend. But if you are staying in Texas I recommend you reach out to @Andrew Postell. He is my preferred lender and fellow investor. I, and many of my clients, have worked with him over the years. He is phenomenal.

@Jayin Warner reach out to Izzy Lane with Capital Title in their Colleyville, TX office. Izzy has been my preferred escrow officer for many years. She is very experienced with assignments, owner financing, issuing warranty deeds in corporations, and all the normal transactions too. Capital Title has offices all over TX and can close either remotely, or in any of their offices. Let Izzy know I referred you. 

@Malcolm Woodruff I have helped many a fellow investors execute the BRRRR strategy here in the DFW area. Also, I have all the connection you need to get started in REI here too. Look forward to connecting with you and answering any questions you may have about the process and how I can help.

@Drew DaRonco I am a fellow Army veteran and investor/realtor here in the Dallas/Ft. Worth area. There is a lot of advantages of having a spouse for a realtor. Would be happy to share with both of you tips, tricks, and my network to help Y'all build your REI empire! My motto is "Words Are Free." Here is the first tip. Reach out to @Andrew Postell. He is a fellow investor, veteran, and my preferred lender. He is a guru at various investor friendly loan products. Me and many of my clients have used him over the years. So if you decide to purchase investment properties here in Texas reach out to him. Hope this helps you in your REI journey. It has been great for me and my bride all these years. I truly love it. 

@Jeyo Punnakottil I strongly recommend you reach out to @Mark Roland with FourSquare Insurance. He insures all my buy-and-hold rentals here in Texas. He is a guru on landlord policies. Me and many of my clients have used him for years. Please let him know I referred you. He will take great care of you. 

@Andrew Carter The only dump question is one not asked. But doesn't prevent other investors giving snarky remarks. But sometimes its to have a little fun. Regarding your question its the buyers lender they selected for the transaction. Thus, the buyer and lender have agreed on down payment amounts, length of loan, interest rates, etc. But the lenders always send an independent appraiser to assess the value of the property. In some cases the appraisers assessment of value comes in lower than the agreed purchase price. When this happens the buyers have two options. 1. Either bring the additional cash to closing to make up the difference. Or request the seller to reduce the purchase price to match the appraisal. Here in Texas if the seller doesn't agree to the lower price the buyer has the option to terminate the contract. From an investor perspective purchasing properties using traditional financing this isn't a bad thing. Because you are able to get the property at a lower price if the seller agrees to it. Hope this helps you in your REI journey.

@Jennipher Jess I love buying investment properties here in the Dallas/Ft. Worth area. I also help many fellow investors buy and sell here too. You can't go wrong here. If your looking to buy-and-hold there are specific areas in the Dallas/Ft. Worth area I recommend investing based on cash flow, feedback from local property managements, and other investors. its a very detailed list I share with clients that is constantly updated. But definitely recommend staring with SFR longer term rentals for first time investors. Hope this helps you in your REI journey.

@Heather Morales What market in Texas are you looking to wholesale in? Because if you looking for mentoring I will be glad to help you for free. If your looking to wholesale in the Dallas/Ft. Worth market I suggest you take the wholesaling class from DFW REI Club. Plus, attend their meetings. Good way to network and find cash buyers too. Save your $20K. https://dfwreiclub.com/ Their wholesaling class is amazing. One good tip they give you is what municipalities will fine you for bandit signs and which ones don't. If you don't what bandit signs are they will teach you too. A lot of so called "gurus"  would keep stating "check with your state and local laws." It was frustrating because I wanted to know more when I first started. But DFW REI Club was a home run. If you need any other advise please let me know. 

 @Javier Romero Landlord policies can vary depending on the number of doors your multifamily has. Also, I would encourage you to seek a commercial insurance agent that also provides loss of rents coverage's. This ensures cash flow if tenants have to move out if the property needs any repairs (fire, tornadoes, etc). I encourage you to reach out to my preferred commercial insurance agent @Mark Roland. He insures all my rentals here in Texas, as well as, many of my clients. Mark will be able to give you a general cost on a landlord policy for multifamily too. Hope this helps you in your search for your first investment property.