All Forum Posts by: Justice Bowers

DSCR loans are a great resource, especially in today's rate environment. They are primarily used for commercial loans but can be used for residential investment properties. An interesting option that they can offer is interest only payments for 3-10 years. This option can allow your property to cash flow at a higher rate because the monthly payment would be cheaper than if you were to have a conventional loan; then once rates come back down you can decide to refinance on to the traditional 30 year fixed.

They require much less for pre-approval and look more into the asset that you're looking to purchase than they do things like credit score.

I hope this helps!

Hey Matt! Have you looked into Birmingham, AL? We provide BRRRR properties to investors and we project about $250k can get about 7-10 homes. The price point and low property tax rate allow you to build a portfolio that cash flows and contains 15%-20% equity.

Hey Christine! Dallas-Fort Worth, TX is a great area to invest in. It has grown to become a top 4 MSA in the nation and is continuing to grow with a number of fortune 500 companies moving their headquarters to the area. A great aspect of Fort Worth is the affordability that the market still offers. In the largest MSA's investors and tenants are priced out of the market, like what you are experiencing right now. 

We currently have new construction duplexes available in and below the $400k price point in Fort, Worth.

Additionally, Birmingham, AL is another great market to invest in. The extremely low property tax rate allows for a lower operating expense and higher cash flow.

Both of these states are landlord friendly too!

Hey David! I work with out of state investors daily and one thing that helps them tremendously is working with an experienced turn-key provider. A turn-key provider would be a company that can handle everything from sending you deals that fit what you're looking for, assist in getting you pre-approved for a loan, rehab (if needed), management, and maintenance. 

With this set up, the turn-key provider can walk with you through this process and help advise you on decisions, which can be extremely beneficial being your first investment property or your 100th property.

Hey Luke! We've looked at investing in OKC in the past and currently have a couple of developments in Birmingham that we are selling. Both are great, growing markets. The big pro that sticks out to me in Birmingham is the tax rate. AL has the second lowest property tax rate in the US allowing you to keep your operating expenses at a minimum. 

If you're an out of state investor I'd recommend speaking to a turnkey provider that can provide you deals in those cities and can manage the rehab, management, and maintenance for you.

I have a market report on Birmingham that I'd be happy to share with you and would also be happy to jump on a call to talk through the pros!

Hey Will! Are you familiar with Commercial Flex Space? It's a commercial/industrial product that is primarily leased to small business owners. The kick on this product is these tenants are on a triple net (NNN) lease that last in between 3-5 years. So, the tenant covers just about every operating expense from maintenance, property taxes, and management fees.

This type of asset would provide much less of a headache than what you're currently experiencing with your rental property and provides diversification across assets.

Would be happy to talk through more if you have questions!