All Forum Posts by: Joe Funari

 @Jessie Cervantes That is great. I suggest you reach out to my preferred lender, and fellow investor, @Andrew Postell. He can definitely have a conversation with you and explain the different loan options available to us investors. He can also help you with any investment property in Texas. So worth reaching out to him. Good luck in your REI journey. Andrew has helped me personally and many of my clients over the years. He has forgotten more about creative financing than I will ever remember. Great resource to have on your team.

@Colin Sexton I agree with the other posts. I own rentals here in the Dallas/Ft. Worth area. I have never had squatter issue here. Because Texas is a landlord friendly state and I have processes in place to ensure I get quality tenants that pay their rents. So consider the Dallas/Ft. Worth area to invest. There is some risk. But the rewards for REI far outweigh the risks. Hope this helps you in your REI journey.

@Jessie Cervantes DSCR loans require 25% down payment and are higher interest rate than a conventional 30 year note. DSCR loans also require the expected rents to be at least a dollar over the anticipated PITI. I would suggest you talk to a investor friendly lender in your area to go over all the investor financing options. Also, I recommend that when you post in the future let us know what city and state you are looking to invest in. That way you get direct feedback from fellow investors that work in that area. Hope this helps.

@Jim G. I've been using McCaw PM for many years, as well as, many of my clients. They service all of the DFW area including North Dallas, Frisco/McKinney area. @Kyle Mccaw is the owner and a fellow investor. Has an actual team to manage your rentals. Not a mom and pop or out-of-state corporate franchise set up. Their web site is https://mccawpropertymanagement.com/ Hope this helps. But have been very happy with their maintenance and make ready too. 

@Ashni Modi I work in the Dallas/Ft. Worth area helping out-of-state investors for many years buying and selling investment properties. Majority of my clients are from California. Another point to consider the Dallas/Ft. Worth area is a very strong job market. In the past 20 years there has not been a decrease in rents. Also, look at the stats on relocation. U-Haul published an article that the third year in a row that the #1 destination for one way moves is Texas. Because low cost of living and great salaries https://www.uhaul.com/Articles/About/U-Haul-Announces-Top-Gr... These are what makes for a great rental market. Plus, landlord laws are more favorable to us investors that most other states. You can purchase today a 3 bed, 2 bath, 2 car garage SFR for less than $300K here. So consider the Dallas/Ft. Worth area.

@Sasha Josephs If your looking to set up a REI LLC in Texas reach out to Copp Law. https://www.copplaw.com/ I have personally used them to set up REI LLC's with partners here in Texas. They are great to work with. If your looking to partner with GC's and find flips in the Dallas/Ft. Worth area I will be happy to help. I am a fellow investor and realtor. My contacts in REI become my clients contacts. Glad to help. 

@Lexie Wang May also want to offer an incentive of say $250 off first months rent if tenant moves in by say April 15th since its almost the 1st. I have found this to be an effective strategy to get properties rented if not leased within the average days on market per the rent comps. Hopes this helps. 

@Matt Vandeleest Take a look at Dallas/Ft. Worth area for multifamily acquisition. Narrow your search to states that have landlord friendly laws. Texas is among the best in that regard. I help fellow investors buy and sell in this market. I have done it for many years. Look forward to being your boots on the ground here in your search. 

@Randall Cornelison I recommend you reach out to @Mark Roland with Foursquare Insurance. He insures all my rentals and does insure rentals in both Texas and Oklahoma. Note, landlord policy premiums have skyrocketed this past year. But worth a shot to reach out to Mark to get  a quote. Let him know I referred you. He is amazing. 

@Kris B. If you purchase a property that you intend to flip and working with a realtor the seller pays the buyers agent commission. You as the buyer don't pay the agent. Unless you agreed in advance with the agent to pay them a commission if they help you find an "off market" property where the seller typically does not pay any buyers agent commission. But when you go to sell your flip after the remodel then you negotiate the commission with an agent what you will pay them at closing, as well as, to any buyers agent that bring fort a buyer. This is executed thru an Exclusive Right to Sell agreement you and the agent sign before you list the property for sale.

According to the National Association of Realtors (NAR) last year For Sale By Owners (FSBO) properties in the US sold for 26% less than those listed with a licensed agent. Good article from NAR on advantages of listing with an agent versus FSBO https://www.nar.realtor/magazine/real-estate-news/sales-mark...

I have worked with many clients in the DFW market on helping other investors acquire and seller their flips. I would be happy to help you too. I help clients avoid the mistakes both my clients and I have made on our past flips. Hope this helps.