All Forum Posts by: Account Closed

Thanks, everyone for the feedback. I'm definitely going to do a deep dive into more audible books on the topic. I love those. 

Appreciate the comments. 

I'm new to real estate investing. I'm starting to get my mind around evaluating deals, learning the rules of thumbs expectations, etc.

What are some rules of thumbs you all go by when evaluating a multi-property deal?

What information do you normally request from the sellers?  

Any links to some resources, please share. 

Thanks

@Matthew Parker , I stumbled on this post.

I'm relocating to the Ocean Springs area and looking to get some feedback. 

\What's current your thoughts on the Gulf Park Estates area? From a recent search of the MLS, there seemed to be a lot of homes for sale, is the area still nice? Did something happen?

Good Points, I'm leaving BOA for a local bank, as soon as things settle. 

I'm probably going to go with a simple screenshot / send the pdf statement to get the ball rolling. 

Thanks for the feedback.

@David O. Thanks. I'm dealing with a national bank (BOA) who only seems to be able to send an auto-generated letter with my balance etc. 

Have you heard of http://fundthiswholesaler.net/funding-request/?

They seem to be able to generate a letter. I may check but I'm skeptical. I'm not providing them with any sensitive info. 

I'm trying to place an all-cash offer which requires a proof of funds letter.  

My offer is less than the list price. 

My bank balance is greater than the list price.  My proof of funds letter will also confirm that I'm able to pay the list price but I won't. 

Have you had any issues with this in past? 

I'm looking to weigh the pros and cons of submitting the offer w/ the proof of funds exceed the offer. 

And this why I'm starting to like this forum. Thanks for the feedback. 

On a side note, how many investment properties do you own/have done this with? 

I'm new to the world for real estate investing. 

I'm planning to make an all-cash offer for a SFR in a week or so.

I'm considering making the purchase with a LLC versus purchasing it in my name.

By the way, I'm using a BRRRR strategy. Do you see any complications with obtaining financing from a future re-finance or from purchasing future property where I can use the free and clear home as collateral?

What do you think?

I'm considering the rental options for a studio in Midtown Houston. 

Does any one have any experience using Airbnb in the Houston area? 

If so any feedback on market for Midtown /Downtown? 

Good point.. About reserving future property management fees. 

I considered the 30 yr. But as family we didn't necessarily need the cash flow now. I'm 40, and wanted to have it paid for before I'm elderly. 

The condo isn't on the MLS. It's being sold by a family member.

I'm half way thinking of walking away from it but I'm considering the natural appreciation that the Midtown area should have in 10 yrs. 

Would you walk away?