All Forum Posts by: Marc Henderson

thanks, I will look in to this. I hope to thank you all in person.

Hello BP, I am currently in Dallas and have been to a few real estate"seminars" and have had minor success on my own, prior. I would like to know if there was someone with some experience that I could work with and help out in exchange for a glimpse into how larger deals are put together. I would love to get a coffee and just sit and talk for possibly ten minutes so that I can show you what I can bring to the table. Thanks in advance,

Hello BP,

I am at a crossroads. I have considered the BRRR strategy and am weighing another option. I am thinking about selling a property that I own and buying 4 - 5 properties with 20-25% down. I have heard lots of talk about people having a bank write all of the loans at once, getting more than 4 properties financed, and even portfolio lending.

My question is basically how do I get started and what makes me qualify. After I sell I will still have 2 properties financed.  What requirements do the banks have? Will I need to qualify solely on my personal income even though I have 4 years of experience (the properties I have 4 years of tax returns on will be sold for this)?  Will I be able to separate the purchases out in time, or will I need to know every property i'm purchasing before I talk to the bank?  Lastly, I do not want to get bogged down with too many properties that need work at one time, so what are the limitations of going with a traditional investment property loan 4 - 5 different times?  Will I even be able to qualify that many times in one year if I can't count the income on the newer properties until they are seasoned?

Please help.  Thanks.

Thanks Sam, that really seems like sound advice. I appreciate it.

Hello BiggerPockets, I have a property that I purchased outright and repaired. I want to start my brrrr path and was wondering would be the best strategy: should I just refinance and use that money for my next purchase; should I go for a HELOC and use those funds; or should I cash out and keep those funds in the bank and use hard money for no more than my cash out? I am new to this strategy and have concerns about over leveraging. I also am worried about getting stuck after one or two properties with a dti too high to cash out again. Please help.

Thanks,

Hello Bigger Pockets,

I am new to the Dallas area and have been on here for a while.  I have not made any posts because I have been trying to learn as much as I can first.

I am wondering if anyone knows about investing in multi-family properties in the Dallas area.  I have an investment property elsewhere, but want to know if there are any investment groups, or anything else I should get involved in before I refinance my other investment property.

All suggestions are welcomed.  Thanks,

Marc