All Forum Posts by: Nick Dunin
Nick Dunin has started 20 posts and replied 105 times.
Post: Houston Housing Stats February, 2021

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
@Sharon Tzib
26% fall in SFH rentals? Yikes
Post: Buying without seeing the property

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
@Stephen DeThample
That’s what I was thinking. Thank you
Post: Buying without seeing the property

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
Post: Found financing... now to find some deals

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
@Jay Thomas
I’ve read that local banks are more flexible then national chain banks. I just called and emailed several around town. The best deals so far have been credit unions. The one I mentioned is east Texas professional credit union
Post: Found financing... now to find some deals

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
So I’ve been researching for the past while and finally got the ball rolling. I’m looking at doing brrrr strategy. I’ve spoken to a couple local banks to figure out financing options and I was surprised how investor friendly the options are...
The best one was 10% down and they’ll finance 90% of purchase price and 100% of rehab costs, as long as you end up with 20% equity in the home. Which is what we want anyways, right! All of it can be rolled into a 5 year adjustable rate mortgage for 20 years. First 5 years at 5%
With terms like this why would anyone use hard money or private money lenders? What am I missing?
Post: First deal done, lets do another! getting our feet wet.

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
@Steven Hershey
Congrats on your first deal.... I’m right behind you searching for my first.
Post: How to buy multiple retail priced rentals with minimal money

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
So I have a good understanding of brrrr investing and how you can get your money out to keep buying more. But what about if you have an opportunity to buy a rental property at or near appraised value that doesn’t need any work but the cash flow numbers work. I’ve got cash for a down payment but without being able to get that money back out like you can in a brrrr it would be a very long time before I can buy my second property. Is there another way to that I’m not aware of?
I have a primary residence already and won’t be able to house hack, and would rather not cash out equity of my primary.
Thanks
Post: Talk to me about financing

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
@Elise Marquette
Thanks for the reply Elise. Is there a name for the type of loan you’re talking about for the short term rehab? That sounds like what I’m looking for.
Post: Talk to me about financing

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
@Dylan Osmon. Thanks Dylan. Wouldn’t fha loan require sometime of inspection to qualify the house for that type of loan. So if a house is in disrepair, would it pass?
Post: Talk to me about financing

- Real Estate Investor
- Longview, TX
- Posts 111
- Votes 28
Im a REI newbie. I'm ready to start searching for deals, I'm considering brrrr for SFH and MF. But I feel like I need a better understanding of all the financing options available. What's recommended for a beginner? Will a local bank loan to buy a fixer upper plus give additional money for the rehab? If so, is that considered a commercial loan? Is this the best option? I've read some
About hard money, is that a better options?
I have steady income (w2s), I have cash in the bank to have “skin in the game” but would really like to get it out after refi do keep doing deals. Any advice is appreciated