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All Forum Posts by: Kristin Flores-Brockman

Kristin Flores-Brockman has started 4 posts and replied 116 times.

Post: Creative Financing Options - Help!

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Wynn Williams:

I have a friend/neighbor that wants to sell me his house below market value so he can move back into an apartment and travel. Wife and I are both self-employed so acquiring a traditional mortgage is challenging based on our "on paper" income. He has a conventional mortgage at 3% and sadly it's not assumable. We can afford this, but getting a new loan at ~6.5%+ wouldn't be doable. 

We currently own the house we live in and would rent it out upon moving into his house. We also own a rental property. Both of these are seller-financed on 30 year notes. We want to do this transaction so we can upgrade our living space, have another rental (our existing house), and eventually rent out the new house (his house) after we grow out of it.

What do you recommend? Can we seller-finance his house with a promissory note of some kind even though he still has a mortgage? Should we "rent-to-own" his property? 


 Hello Wynn

I am a local Realtor and I have a great lender and title contact for you that can help advise on this situation. Let me know if you want their contact info. 

Post: Affordable Housing Investor

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Sean Michel:

Hey everyone,

I am a certified real estate appraiser and investor. I joined Bigger Pockets to further my investor mindset, connect with other investors, and create passive income through affordable housing!


 Welcome! I am a Realtor and I would love to have an appraiser in my rolodex. Let's connect!

Post: Anyone investing in multifamily in Hillsboro

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54

Hillsboro.. why Hillsboro? I do love the area because it older and historic. I just never heard anyone look in Hillsboro. 

Post: New Member- DFW

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Melanie Steele:

@Kristin Flores-Brockman Yes!  Typically we do 25%BAC, but there are times we do incentives at 40%!


 Thank you!

Post: New Member- DFW

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Melanie Steele:

Hello everybody! I'm excited to join the BP community. I'm here to build connections and expand my knowledge around REI. 🤠


 Welcome! I am in the Fort Worth area too!

Does your PM company pay BAC? 

Post: New Investor looking to get into BRRR's

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Kurtis Carriere:

Im looking at relocating myself and my funds to the DFW area after completion of this property and will have aprox 500k USD but looking to only use 300 of it to as investable capital.

i feel like that should be a good amount so that way i would have funding issues due to lack of american credit history.(im told they are not the same)

Hopefully that clears up any gaps in my introduction


 Awesome, that helps! I have a lender that works with investors and foreign nationals, I am sure she can find a solution for your situation. Feel free to reach out and I can share her contact info with you. Also, I am a local Realtor, so if you have questions about the different areas of DFW, let me know.. I love this area!!

Post: New Investor looking to get into BRRR's

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Kurtis Carriere:

I Am currently in the finishing stages of building my own house in Ontario, Canada and looking to sell and relocate to texas (likely DFW area)

i have done 90% of the work on this project by myself so im confident in my ability to do any and all repairs on the property. 

Ive come to this community to get insight and tips that i may find useful to help me on my journey.

Thanks,

Kurtis


 Hello! Are you going to be building a home in Texas or repairing one? Provide a little more information please so we know how to help you. 

Post: Paying For Repairs Before Buying

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54
Quote from @Anthony Loza:

Hello, I have a duplex with an adu under contract. I have to go FHA since Conventional doesn't cover multi family with an adu. The property is older and the appraiser gave a list of repairs needed in order to be approved for FHA. The seller is willing to negotiate price, but I have to pay for all repairs upfront. Has anyone dealt with a similar situation? This seems risky, since I have to pay for repairs on a property that's not even mine yet. The deal is very good and I'm willing to go through with it, but how can I protect myself to the fullest?


 Hmmm... Sounds like you may need a new lender. Reach out if you'd like a second look or just another contact altogether. 

Post: Property Inspections for Fix n Flippers

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54

It really depends. I know some do only to know what they're getting into. But if they're taking it down to the studs, it most likely wouldn't matter anyway. If spending a couple of hundred dollars will give you peace of mind, go ahead and do it. I am a local realtor who works with investors and I'd be happy to provide referrals. Feel free to reach out. 

Post: House Hacking with Renovation Loans

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 129
  • Votes 54

***

REGISTER HERE -->  https://www.eventbrite.com/e/1246386649019?aff=oddtdtcreator

Come join us for an exciting event all about house hacking and utilizing renovation loans to make it happen! Whether you're a seasoned pro or just dipping your toes into real estate, this event is perfect for you. 

We'll cover everything from finding the right property to securing the best loan options.

Don't miss out on this opportunity to learn from the best in the business!