All Forum Posts by: Samantha M.
Samantha M. has started 128 posts and replied 498 times.
Post: 2% Rule on SFR

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
Basic question about the 2% rule on SFR, which states rent must be 2% of the properties purchase price.
Is the 2% based solely on the purchase price or does it include repairs as well. For instance.
1) Purchase Price (50k x .02) = 1,000 minimum rent required
or
2) Purchase Price + Repairs (50k + 20k = 70k x .02) = 1,400 minimum rent required
Thanks for clarification
Post: Finding Cash Buyers (HUD Closing List/ County Clerks)

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
For those of us without MLS access, I was told there are two additional ways to find cash buyers in your area.
One is through a HUD closing list, shown in the image below. You can see if the person has a mortgage/promissory note, and if they don't that person is likely an investor. Does anyone have any additional information on this, or where I can go to find such a list?
The last one is the county clerks/tax assessors office apparently. I tried the Central Appraisal Districts here in Dallas/Denton & Tarrant and have not been able to produce a cash buyers list if its even possible. Additional information on this would be welcome as well.
Thanks in advance.
Post: Clearing Title With Quick Claim Deed

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
When there is cloud on title (lien, encumbrance etc.) and money owed, how exactly does a quick claim deed clear title and remove these defects? I have read around a bit but I am unclear how the quick claim deed precisely allows you to circumnavigate cloud on title to transfer the deed. I am also fairly certain a quick claim deed contains no warranties
Thanks
Post: Interviewing Title Company for Wholesaling Transactions

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
I will be beginning my wholesaling business here shortly, as well as purchasing some of my own rentals, and will be interviewing a couple of title companies this week.
For those of you who are more experienced wholesalers & or investors, what sort of questions would you recommend asking them?
Thanks
Post: Locating Property Management Companies

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
Originally posted by Dennis Tierney:
Wow this place looks like its going to be a gold mine. Do I need to become a member to see a list of property managers there.
Where do I find more like this?
Post: Locating Property Management Companies

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
Hey everyone I am wanting to transition my rentals over to a Property Management company. The problem is I am having difficult locating them.
The way I have been searching is opening up google maps, entering in my zip code 75040 + Property management companies. In other words my search in google maps reads "75040 Property Management Companies"
I found a few pages worth of hits, but not nearly as many as I expected. How can I locate more?
Post: Buying Next Home All Cash: How do Agents Perceive this?

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
Excellent advice thanks Joel Owens!
Post: Over $100K+ in Profit in PRESTON HOLLOW area of North Dallas! Flipper’s Dream! Low Days On Market! Easy Money!

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
Originally posted by Carlos F.:
I think I know which ones you may be referring to I really hope more seasoned investors would know better and would never get taken advantage of after a few flips under their belt.
Are these two names well known that more experience investors know to steer clear of in the DFW area?
Post: Buying Next Home All Cash: How do Agents Perceive this?

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
J Scott Sorry to clarify in this case the house is new construction.
Post: Buying Next Home All Cash: How do Agents Perceive this?

- Landlord
- Dallas, TX
- Posts 505
- Votes 34
Hey Everyone,
We are looking to buy a new home right now, as in a home to live in not investment property, in Cash. My question is do you listing agents perceive this in a positive or negative light, and since its all cash, are you more willing to go below the listing price than in a traditional deal with financing?
Pro: You guys get cash all in one day, quick close, no financing contingencies
Con: No financing, banks don't earn money because no interest since no financing
Being able to offer cash up front, and close quicker than most people (as long as inspection looks ok!) be a benefit in your book? Would you be willing to accept offers lower than listing price with an all cash offer?
Thanks!