All Forum Posts by: Leah Stuever

Personally, I would pull the equity and rent it. But that is just me. Large apartments are harder to come by at a good price, in my opinion, in DFW. But duplex and triplex are generally a better price vs rent amount. 

Welcome! I love DFW! That is where I invest and also I am an agent in the area. If you have any questions or need comps let me know. 

Have you talked to a lender to get things started or do you have cash? Funding is the next step. 

A business can get loans, they just need the same time frames as a person. So been active and have numbers for two years for the most part. We bought our first property with cash but refinanced through the LLC.

Because it limits liability. If something happens and you get sued, they cannot take your personal home, just what is in the LLC

So, to start, I am a realtor. I also use realtor.com leads 

What you got is what I like to call, a jerk. It was a real estate office team that pays for the leads and then hand them out to their staff. They were pushing and annoying and I am sorry. 

But, as I said, realtor.com sells the leads to agents. You sign up and pay by zip for a % of the leads for that zip. So all you are getting is an agent. Not the selling agent, just a random agent. 

@Kata Walters Yeah. It varies wildly. I have a friend who does investments in multiple states but wont touch Texas because of the weird rules. 

What areas they are investing in personally. 

Where are you looking to invest?

@Kata Walters Trying to get one on your homestead isnt easy either. Banks wont do it unless you have 50% equity available or more. We had 60% and multiple banks said no. It is frustrating. 

Depends on location. In TX you cannot HELOC an investment property. Some other states are similar. But there are states that do allow it.

Congratz. Starting early is best. I am an agent in DFW if you have any interest in the area. Great place for rentals.