All Forum Posts by: Joseph Pytcher

Welcome! I am a lender in Plano. Let me know if you need any help with anything!

Hello, to answer your question, all you need is an executive lease agreement. They will look at your previous years tax returns to verify income.

John, as a lender in DFW and an investor, I have a realtor who is very investor friendly. Message me if you would like her info. Thanks!

Thanks for the info!

I am going to be starting soon buying and holding properties, but I realized I feel I would rather have a management company take care of all the paperwork, screening and day to day of the property. Is it worth it with your experience? or is there a certain amount of properties you would own first before a management company is involved? Advice please!

Thanks!

Tom, you guys don't go to 100% LTC do you? I am in Dallas.

Do you mind if I ask how you got the down payment? Was that saved up over the years? Or did you have a side investor who helped?

Finding something distressed and putting 5-10% into it wouldn't work?

I'm a residential loan officer, I don't think it'll be too difficult as long as it's a portfolio lender (want to have more than 10 properties) and have enough reserves and of course the appraised value is high enough.

Will have to give it a try soon. Thanks guys!

Buying a distressed or 70% ARV home with hard money, 100% LTC then refinanced it at 75% or less and rented it out? Curious if anyone has done this several times over in order to build their rental portfolio. This, I would think would minimize out of pocket costs to acquire a rental property. Any ideas or thoughts about this?

Thanks!