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All Forum Posts by: Lawrence Bowden

Lawrence Bowden has started 7 posts and replied 13 times.

Post: DALLAS duplex, need a bank that will do a FHA LOAN for 3.5%?

Lawrence BowdenPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 16
  • Votes 1
My bank "Wells Fargo " wants me to put 10% on a FHA for a duplex.. I can't scrape that.. because I'm just starting out .. but I can come up with the 3.5% I know a big bank ain't thirsty enough to care. So question is. Where in DALLAS can I find a bank where I can get that rates.. trying too save gas. ;) Any help would be awesome. Thanks

Post: I have a property in dallas tx, in Trinity Grove area.

Lawrence BowdenPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 16
  • Votes 1
@Kenneth McKeown Yes it's a whole sale. Thanks for the advice

Post: I have a property in dallas tx, in Trinity Grove area.

Lawrence BowdenPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 16
  • Votes 1
Have a property in trinity grove. A rapidly redeveloping area in dallas. 3b2b 1300sqft on a 5600sqft lot. Seeking 150k for my contract. Arv should be in the mid to high 200k and the rehab is about 50k. Problem is. The house was converted into a church. Ugly so it's completely open, and has one hell of an open floor plan. Lol Even the lot next door with no property.. the "same size lot" is appraised to be worth at least 282k. on Zillow. I have advertised on Craigslist ,face book, Letgo , 5 Mile. And signs. And post twice a day. All I get is tire kickers. I have until October 15th on my contract .. been blasting it out since the 28 of Last month... Am I doing something wrong And or does any one have any strategies I might be missing. Thank you