All Forum Posts by: D.Y. Lee
D.Y. Lee has started 4 posts and replied 6 times.
Naveen,
I'm in DFW and a licensed architect. Drop me a line. 972.365.2644.
Post: Would you accept this prospective tenant?
- Investor
- Dallas, TX
- Posts 6
- Votes 2
I have a brand new house for rental. 2200 sf, 3 bed, 2.5 bath, 2 car garage for $3250 monthly. One of the applications came thru zillow, income to rent is about 3.2, single source of income, 3 people, no pets, credit score 710 but they have $3900 monthly payment for other loans already. No criminal or eviction records. Would you consider accepting it? I haven't called the employer or the previous landlord yet. Any opinion will be greatly appreciated.
Post: A binder title insurance policy
- Investor
- Dallas, TX
- Posts 6
- Votes 2
I buy lots with cash and build houses with construction loan. I pay for owner's title policy when purchasing a lot and pay for lender's title policy when getting a construction loan. When getting a construction loan, sometimes I pay for a full lender's title policy which costs a lot more and sometimes I pay for a binder policy which is a lot less. Does anybody know why it is not consistent, who decides on either a full lender's policy or a binder policy, and how I can make sure to get a binder policy going forward? Thanks in advance!
Post: Buying a retail property with short leases
- Investor
- Dallas, TX
- Posts 6
- Votes 2
I am looking at a retail property with 6 tenants. It cash flows well currently but all tenants have less than 2 years of lease. What would be the best way, if any, to find out if they will renew or not?
Post: New investor member from Allen, Texas
- Investor
- Dallas, TX
- Posts 6
- Votes 2
Wow! Thanks everyone for warm welcoming and great suggestions. So excited to be a part of this community!
Post: New investor member from Allen, Texas
- Investor
- Dallas, TX
- Posts 6
- Votes 2
Hello BP!
My name is D.Y. Lee from North Dallas (Allen), Texas.
I am an architect (my full time job) and have been practicing architecture designing retail, multifamily, residential and healthcare for 15 plus years. Real estate has always been my interest and I am finally getting ready to take a step at it.
I am interested in commercial multifamily buy and hold properties. My goal is to purchase my first multifamily property in the first part of 2016. I would like to connect with like-minded investors, brokers, lenders, PMs and any other people involved in the real estate industry. I look forward to taking on this new fun adventure!!