All Forum Posts by: Juan Campos

@Louis Davis

Are you getting these flips in dallas???

There's hardly any multifamily here ?

@Taylor Dasch

Hey Taylor thanks for your response 👍

I have A couple questions for you

I'm in tx looking at my first single family home for my first investment

Trying to stay under 250k preferably around 200 but even then I've been looking and searching on MLS, zillow, realtor, running the numbers and hardly anything cashflows, I'm taking cap-Ex,vacancies,maintenance,management,taxes mortgage insurance since I'll be using fha, and I end up with either negative cashflow or at most 100 in cashflow, but there's hardly any homes! 1 in 100 properties that I run numbers on are cashflowing only about $100 at most!

I have 10 months to get into my first property that's when I'll have enough saved up for my down payment..

but I see the market and I think I rather wait not really sure what's going to happen in the next 10 months though, any advice ?

@Dan Marl

I just wanted to say congratulations

I am about to purchase my first home and this is exciting meeting others who are also taking on the journey this year, we should network and I'll def be reaching out to you and following your growth! So I can learn from you as well!

@Rob Lee

Hello Rob, don't mean to hijack the thread but

I'm in tx looking at my first single family home for my first investment

Trying to stay under 250k preferably around 200 but even then I've been looking and searching on MLS, zillow, realtor, running the numbers and hardly anything cashflows, I'm taking cap-Ex,vacancies,maintenance,management,taxes mortgage insurance since I'll be using fha into account and I surely endup with either small cashflow or negative cashflow 1 out of 100 properties brings me at most 100 in cashflow, there's hardly any homes!

I have 10 months to get into my first property that's when I'll have enough saved up for my down payment.. and my lease ends then

but I see the market and how it is and I think I rather wait not really sure what's going to happen in the next 10 months though, any advice ?

@Cody Richard where are you finding these deals? Off market ?

@Jacob Trogan

I'm in tx looking at my first single family home for my first investment

Trying to stay under 250k preferably around 200 but even then I've been looking and searching on MLS, zillow, realtor, running the numbers and hardly anything cashflows, I'm taking cap-Ex,vacancies,maintenance,management,taxes mortgage insurance since I'll be using fha, and I surely endup with either 100 in cashflow or negative cashflow 1 out of 100 properties brings me at most 100 in cashflow, bit there's hardly any homes!

I have 10 months to get into my first property that's when I'll have enough saved up for my down payment.. but I see the market and how it is and I think I rather wait not really sure what's going to happen in the next 10 months though, any advice ?

@David M. Ok now I understand thank you for taking the time to answer clearly, but just to be clear, my question wasn't whether I could keep the fha loan in place or not, I was just wondering how I would get a proved for a second home with little money down 3.5% or 3% didn't know I could have another fha or a conventional loan and I didn't know my first rented unit would be used as income as well as my regular w2.

But allow me to make sure I'm understanding you correctly

I can have a n fha loan on my first , and a conventional on my second?

Meaning I can have multiple loans at the same time and get approved for up to 10 loans (properties) at a time ?

@Nick Belsky

Thank you so much for taking the time to answer my question, let's see if I understood correctly, I can use fha to bridge into my first property, refinance into Conventional, and use another fha on my second property?

With that being said what if my first property is being rented out and this second home will be the home I live in for a year before leasing it out as well?

Could I get a 3% conv. Loan as my primary residence ? Or would I have to use an fha and refi out of it again to go onto my third property ?

@Vince Abernathy is this your first property? I live in Texas and actually looking to buy q property in the next 10 months but outsourcing and investing out of state long distance is definitely on my radar, how did you do this? Have you done several deals ? Sounds like a lot went in!

@Karl B. Which market are you In ? Dallas market sucks