All Forum Posts by: Lawrence Briggs

Hey man love the thread, I’m now going on 23 and I’ve saved 52 k with my parents as co-signers, I’m pretty good with basic Reno other then that I’m wondering about expectations it will be a fha financed deal

Thank you so much! @MIchael McCUe . That is great to hear! My first deal was a Freddie Mac loan (conventional) for my primary home, and second was a regular conventional loan for the first rental property. I would be happy to talk with you more about it. You can direct message me with your questions.

0 Votes

Austin, Texas

Quote from @Will Heaven:

@Lawrence Briggs Congratulations, so very excited and happy for you. This is only the beginning for you, the legacy you are creating for your family. Keep growing, keep learning.

Thank you so much! @Will Heaven

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Austin, Texas

Quote from @Account Closed:

Bravo and congratulations! Hope to be saying the same real soon! All the best to you!

Thank you so much! @Account Closed

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Austin, Texas

Quote from @Douglas Richardson:

@Lawrence Briggs Congratulations!

Thank you so much! @Douglas Richardson

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Austin, Texas

Quote from @Jarod Sampson:

Congratulations!!! What a great post and inspiration to us "newbies".

Thank you so much! @Jarod Sampson

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Austin, Texas

Quote from @Khaled Morad:

Quote from @Lawrence Briggs:

I have officially CLOSED on my SECOND PROPERTY—a single family home, investment rental. This means that I now own two properties in Texas!

It only takes that one family member to start the generational wealth cycle; I am that person! Born and raised in New Orleans, by a single mother!

Woooo! Congrats! I love that your goal is not just focused on yourself, but looking to your future generations! Keep Scaling.

Thank you so much! @Khaled Morad

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Austin, Texas

Quote from @Account Closed:

@Lawrence Briggs congrats, determination is everything

Thank you so much! @Account Closed

1 Vote

Austin, Texas

Quote from @Brad Turner:

Quote from @Lawrence Briggs:

Quote from @Brad Turner:

@Miguel Angel
Good deal. I'm out in the Humble/Atascocita area. Only been looking a few weeks - not in the position yet to make offers (waiting on HELOC approval and still finalizing business plan with partner). We're initially looking for cheaper houses for all-cash offers (we have 100K to purchase and hopefully 50K HELOC for rehab) but starting to notice in this Houston market those sub-100 houses are either few and far between, or they need more than 50K to get to the ARV value we need to cash flow.

So we're looking into financing now to see the best way to jump into this market. He has some possible private money contacts and I've contacted a couple lenders. Hopefully this all falls into place! I love seeing these success stories on here. They're inspiring.

If I may ask, who is your HELOC provider? I am looking to do one on my primary home. @Brad Turner

@Lawrence Briggs
I'm going through Bank of Texas at the moment. Their numbers seemed comparable to PenFed (who I heard great things about) but they had the ability to close 2-4 weeks quicker. PenFed told me at least 60 days to close. BoT told me 4 weeks, maybe 6 if there were complications.

Great, things for the info! PenFed was at the top of my list, but happy to know about BoT as well. If you are comfortable with sharing, can you tell me what the numbers are looking like in terms of interest rate and LTV —you can direct message with that if you prefer. @Brad Turner

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Austin, Texas

Quote from @Allen W.:

@Lawrence Briggs that's a hell of a start man! Nice!

Thank you so much! @Allen W.

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Austin, Texas

Quote from @Ashley Brooks:

Congratulations!!! So excited for you! Keep winning!

Thank you so much! @Ashley Brooks

0 Votes

Austin, Texas

All Forum Posts by: Lawrence Briggs

Lawrence Briggs has started 15 posts and replied 353 times.

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Lawrence Briggs has started 15 posts and replied 353 times.

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Biggerpockets Logo Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!

Post: Closed on my first rental property!