All Forum Posts by: Nate Barbee

@Stephen Quesinberry Thanks for the info. Most of my investments are in the DFW area. I'm going to give your lender a call!

I've used Postlets for all of my rental listings and found positive results. However, I noticed it didn't disperse listings to the same number of websites since the merger but still effective. 

@Stephen Quesinberry Good work Stephen. Is KBS Lending putting you through the federal regulations on the refinance? I've been refinancing a few properties lately but have to hold ownership for 6+ months before I can attempt a refinance through a conventional mortgage lender. Did you run into any issues with this timeframe?

@Jeff Wallace You are playing it right Jeff! The portfolio doesn't grow if your money is hiding away in the bank. Although I do plan to stow away cash awhile in case we see the market go in a different direction. But you can't let lack of funds get in the way of a good deal.

@Jason Hirko Good point, I elected to go with the higher rate as well. Gearing up for the next investment is more important at this stage. Not to mention that $28 will be less valuable in 5 years due to inflation while the property value and rental rates are projected to increase. 

"We're not broke, we just don't have any money." -Phil Knight: Shoe Dog

What would you do? I'm going over options on a cash-out refinance. I've been expanding in secondary markets the last 24 months and putting every bit of cash from my W2 job into the down payments. Have I been expanding? Yes. Am I liquid? Absolutely not. Everything in life is situational, but which one of these options would you choose? I'll keep the numbers simple, 75% LTV on a condo appraised for $103,000 ($77,250 loan amount). I owe $57,000 on the property, collecting $1,050/month in rental income. My current rate is 4.75%, all 3 options are for a conventional 30 year fixed loan. Interested to see the way other investors think.

Rate, all in monthly payment, closing costs

1. 4.875%, $792/month, $4,000 closing costs

2. 4.75%, $787/month, $4,600 closing costs

3. 4.25%, $764/month, $5,600 closing costs

Regards,

Nate Barbee

Good afternoon BP,

I just went under contract on my 6th single family home as a buy and hold investor in DFW and west Texas. Currently working on my 2nd cash-out refinance. Conventional financing is obviously becoming a major obstacle, I've been meeting with local banks in DFW and Midland, TX to run the numbers on a commercial line of credit for my upcoming deals. What are some of the terms you have seen with this type of loan structure? Anything in specific to look out for while setting this up?

Thanks for your time,

Nate Barbee

Good evening Seattle investors, I'm an investor from Dallas, TX visiting Seattle all week. Any local meetups or events going on? Would like to meet and discuss the market or anything real estate related.

Anything in Seattle May 17-20th? I'll be traveling from Dallas and would like to meet with investors to discuss this market.

Adam Pierce This post made my day. Best of luck!