All Forum Posts by: Naz Hossain

I would look into your cities permit website, pull all licensed contractors from there, give them a call, get a list of all projects they did, see which quality you like best (if you can walk those properties, that would be best), then narrow your list of contractors, see who fits your budget and timeline. 

That really depends on what you want to achieve. If you are wanting to keep it separate for book keeping purposes then that is an option but there are better options out there. If you are doing it for anonymity, this might be a better question for your attorney or CPA. Sorry couldn't be of more help 

Hey Luka, congrats on taking the step! 

Don't get too into the weed of recreating the wheel. Most of what you said are features you can find on zillow, redfin and most other free sites. Except for maybe exporting into excel. You can automate a search in that criteria and receive notifications when there is a match and you can do you analysis on that. 

Hope this helps

Hey BP! So i am in a little bit of a pickle now and welcome any insight/solution to this. 

I currently have land loans on the vacant lots which are coming due. I would like to refinance these lots to hold for another year. During the year I will pull lots out one at a time to stagger the start of construction. I over estimated myself and thought I would be able to handle all 3 at once but I figured that would not be a smart move. So I am in search for a lender who can refinance these lots currently and potential fund the ground up as well when the time comes. All the lots have permits ready to go from the city. I am finishing up a few other projects so I am wanting to wait to start these but time is what I do not have which is why - refinance comes to mind. 

TIA

 Kay, you can get what they call a single close. A lot of lenders do it where they do a construction loan and then turn it into a long term after you're done in 1 close. I have yet to do one but i do know they exist. I have spoken to a few folks who have done that

What type of construction are you looking at? 

New development or renovation? How are you funding the construction? If you are doing a value add, you can refinance into a regular investment loan which wouldn't need you to look for a "loophole"

If you are trying to get the lowest possible rates, you are probably a little late. But you can buy down you rates if you like. 

Natasha, welcome to San Antonio! Congrats on making the leap of faith. That takes a lot of courage so congrats! The low downpayment owner occupant loans will require a proof of employment/income. Can you get a job until you buy your first 4 unit?  I know that is what you came here to escape but might be worth looking into while for you first few. 

And with the current state of the market, I honestly think sellers will be more inclined to go into creative financing. Look for houses that have been on the market for more than 30 days. Sellers will get desperate. I just talked someone into seller financing when the buyers loan fell through. It's really a win win for both parties. 

So I "self manage" but I hired and trained VAs to run it for me. The tools I use are as follows:

Quickbooks

Avail.co

Taskrabbit

Hey Ivan. I have a few builds going up in the denver heights area and always looking to connect with new people in the market. Do you have a build team or done any in the area?

I do not disagree with that. But to help the community, we are trying to do our part to clean up some of the rougher areas which require additional attention. Either way, the trail cam is a great/new insight for me! I will definitely look into that