All Forum Posts by: Polo Vazquez

My guess is it depends if the deed is actually separated or not. For example, sometimes people grab fourplexes and separate the deeds and make them into condominiums. When it was a fourplex you could get an FHA loan for all four but as separate condomiums then you would have to get 4 loans. If they have separate addresses odds are they are in different deeds. Check with the county records or appraisal district.

I hope they don't choose Austin! market is already TOO crazy. They should spread the love to the other major cities like San Antonio hahahaha

Hello Mr. Arroyo

For the most part, lenders will give you a heloc until you hit an 80% loan to value ratio. Example, If your house is worth $400k and have $350k in equity you should qualifty for $280k (400*.8 = 320 - 50kdebt = 280). 

Lenders have become more strict so this might be part of the problem. Definetely ask a lender up to what ratio they are willing to go up to before going through the whole process next time.

I don't know any companies in Houston but I know a realtor there that might know one. Send me a message and I'll give you his number

Hey Jeremy! I was on the same boat as you maxin out my roth IRA and such. Then I decided I didn't want to wait until i was 65 to bel able to use that money so I stop contributing into it so I could save money faster and buy properties faster. I don't regret that decision! Be warned, it is getting harder and harder to cash flow in San Antonio. Properties keep going up in value at 6% (10% last year) and rents have not kept up, but there is still deals out there. Specially if you are going to manage them yourself. Best of luck!

San Antonio is a great market but I hightly doubt you will find a duplex in your budget. If you want to invest in Texas with a budge of max $150k you are going to have to look in the smaller cities. I invest in Mcallen, Mission, Edinburg area. Fourplexes run from 250-450k and duplexes 120-200k ishhhhhhhh somewhere around there. 

Congrats and welcome Dennis! I'm guessing you moved to Mcallen not to long ago? What brought you here?

Back taxes wont just go away. What will happen is that the government will seize the property and auction it off. Only then do they clear the back taxes.

DM me. I can give you a couple. I also know handymen and contractors. I saw you other post.

Hey! If you are going to invest in California  you should follow Meet Kevin on youtube. He was in the same spot as you when he was 19 (realtor wanting to invest) and used house hacking to make A LOT of money.

DM if you like his videos. I'd like to know what you think.