All Forum Posts by: Raul Torres

looking for someone who owns midterm or short term rentals in San Antonio. I have two superintendents looking for two fully furnished units all bills paid for two years. 

I would just let this slide to be honest and if you are able to flag there names and just not rent to them in the future. 

That’s exactly why I’m here Bob ! Thank you for your recommendations I will definitely ask those questions sir. Plan is to raise as much capital to get into the fourplex. 

That would be great! Thank you very much.  

You’re correct but I was looking for a duplex in the 300-400 k range, but if I saved a bit more I could afford a duplex in the 600-800 k range. My concern is the bank will remove the program with rising rates. 

I’m limited on using the loan only once and has to be owner occupied for at least one year. 

My wife started a new job and one of the benefits is a 30 year fixed loan at 1% with 20 percent down up to 1.5 million.  I had her ask if we can purchase a multi-family and we can up to a fourplex and still qualify for the loan. I have about 60 k in capital which would put me at 300 k duplex. Now they’re some fourplex in the area, but are not to common in San Antonio. My question is should I jump into the duplex and bypass saving for the fourplex ? My concern is the bank may decided to do away with the program since rates are on the rise. We own 2 rentals already and think the move is to go ahead and purchase a duplex and not wait. 

I just started using RentRedi and it’s worked perfectly fine. Having to send out email invites and have the tenants sign up was the biggest headache so far.