All Forum Posts by: Matthew Wright

If I'm borrowing from a couple different family members SDIRAs for the same project, whats the best way to structure it? Can they lend to me as personal loan, or does it need to be held by the custodian and wired to title at closing?  Do yo usually do fixed rate of return or lump sum to your lender?

When partnering on a SFR or anything using conventional financing that is not put into LLC, how does one plan for eventual buy-out of the partner. Or what if one of the partners dies? I know in an LLC its a whole different deal with operating agreement, but with conventional, I'm wondering how this would be handled/prepared.

If title is going to be in corporations name, does that corporation have to have a member sign their personal name on a contract, or can you just sign with company name? Title will be in Wright Properties Inc. can I sign P&S as Wright Properties Inc. or is there law stating individual must provide signature on behalf of company?

David Douin & Associates. Gorham ME. 

I'm new to the commercial broker end of things, and I'm wondering if you have a commercial lot or property that is really tough to comp out (due to limited comps in the area) is there any outside of the box way to price out a commercial property like this? Its an old run-down paint store in a C1 zone that is on the outskirts of the busier commercial part of town. 

Residential CMAs are too easy, but every commercial scenario is so different, that I start to question my assessment I come up with when dealing with these odd ball commercial properties...

Ok, great. That should apply just fine in my situation, since its only 4 units, but ground floor is retail. Thanks @Michael Le

Whats the average percentage of  commercial loan closing costs? Is there any quick rule of thumb for everything? It seems like 4% would be safe, for appraisal, lender fees, tax, inspection etc. 

The cost of living anywhere in Texas is impressive when compared to southern ME. Where I live in  you would pay 200k for a 1000 sq ft 2 bedroom ranch. In the suburbs of Houston or Dallas you can get 4 bedroom 2500 sq ft home for nearly that. Best of all, the expense of heating and snow removal will be no longer! 

My money can clearly go a lot further down south.  I understand the market may be saturated with investors already and opportunity ratio (for me) may be the same in TX as northeast.  If just for warm climate living and nothing else, I'm sure it will be worth the move. 

This is a broad question, I know. I'm looking for comparisons between Dallas and Houston. I'm moving from New England to TX and its down to these two cities and their suburbs. Which is better for RE opportunity, cost of living and quality of life?

@Brian Foster Perfect, I like it! This is exactly what I'm looking for.  It sounds like TX is for me, because opportunity is plentiful and snowflakes are minimal.  Thanks a lot for the details!