All Forum Posts by: Ryan Blake

@Milo Jocson Not sure how much that really will help in truly stopping the spread but if someone does get sick in your building you have policies and procedures showing you had changed and increased your cleaning standards/timeframe. I would think it would help to protect you as the landlord. I could be way off though, I am no lawyer.

@Travis Fairbairn I got to most of the same meetups as @Andrew Postell. He is a great guy and I have had the opportunity to business with him.

Yes with districts. The problem is the rents don’t increase the same as the home prices when looking at districts.

I haven’t had many issues with Fort Worth. They have also legitimized STRs by charging a 19% tax starting this year.

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@Antonio Barnes and @Hunter Harrison Welcome to BP and to the DFW real estate investing community. Great group of people here. Hope to see y'all around at some of the meetups once they start up again.

@Roger Dupler I think you best investment of time will be attending the REI meetups. There are about 2 or more a week just in Tarrant County. Of course, during the present time most of them are on hold. They hopefully will be coming back soon.

I would encourage you to continue to get your education from books, youtube, and meetups. They are free or very low cost and typically won't try and up sell you on their "proven and patented" method. If you do choose to invest money in education, invest it in a local mentor, not a system or nationwide coaching program. That tends to not give you the same value.

I wish you luck and hope to see you around town!

@Travis Fairbairn Welcome to the investment community in Tarrant County. Once things normalize again, you should come out to some of the meet ups. There is one in Fort Worth probably about twice a week. Wish you luck on this journey. Its fun and profitable.

@Andrew Nichols I have a rental in Arl Hi that works well... AirBnB. I cashflow $1,500 after all expenses including prop tax. @James Primavera

@James Primavera Other than short term rentals in the Arlington Heights or TCU area, I don't think you can make a decent return on rentals. Flips in just about any area will work as long as you buy with enough margin.

@Travis Fairbairn I find you can get cashflowing rentals still in Northside, Stop 6 and surrounding areas, and if you really buy right, in the Como area (this area is getting overpriced though).

@Eduardo Conde is probably on to something. @Mckenzie Mckean if it is really that good of a deal then buy right now with the cash you have access to and when you return take a note out on it using hard money. Most hard money will want to lend a minimum of $50k but it should keep your interest payments on the deal lower.

@Angelina Essuman There is no way to know for sure but most hard money lenders will require that you get an appraisal or BPO. This will all be done with the renovations you have in mind. In Texas, you can get a cashout refi at 75% of the ARV (after repair value). There are some other ways to structure the loan so that you get back your closing costs from the purchase with the hard money loan but that becomes a little more complex. Using that method, you can actually cashout up to 85% of the ARV. I know this isn't exactly answering your question of how will you know you can get your money back but I hope it helps.