All Forum Posts by: Steve Sprowls

If he hasn't left for Basic Training yet, then he is not in the military.  Do what Theresa said, ask for a copy of his orders and a phone number to the recruiter.

Then contact the recruiter. They'll set him straight very quick.  They might even set it up to where you'll get paid back rent. 

If not, strongly suggest that he move out early. Otherwise he'll be evicted while he is at training and will lose all of his items. 

Either way, it sounds like he is taking advantage of his military status to take advantage of you. Call the recruiter. 

I'm retired Air Force, but started out in the Army. 

I've read a few posts about this subject. Every now and then a company will be mentioned. This thread is to start a list of the SDIRA companies y'all use. If possible, please also list the fees they charge. TIA.

Keep in mind, it's s security deposit, not the rent for the last month of the lease. If all is good when they move out, they'll get their security deposit back. I love to give security deposits back because it means they took care of the property.

Kiel, I use Gabriel Ortiz. He's a Dallas Firefighter/EMT. He's also been doing home inspections on his days off for years. I've used him on several deals. I can't post his phone number, but here's his website Safeguardhomeinsp.com

Any recommendations for 1031 companies in the DFW...preferably FW area? TIA

@Nick B. Thanks for the link.  I joined the group, so I look forward to the meetings.

I'm looking to network with lead investors in multi-family ventures in and around the DFW area.

I'm looking to get started as a passive investor in multi-family deals. Where can I go to start networking with lead investors in the Dallas Fort Worth area?

I have 5 single family rental properties, all in the northeast part of Ft Worth, Tarrant County, TX. I bought number 5 this past summer, but the other 4 I've owned for several years. As are result, I have about 50% equity across all 5 properties (approx $300k). They are all traditional 30 year mortgages. I would love to use this equity to get involved in small apartment complexes. However, my mortgage broker said I can't refi them for an equity pull because of Fannie Mae restrictions. She said I could refi them into a commercial loan, but I think my cash flow would greatly suffer because of a shorter amortization timeframe. Thoughts? I've also heard that I could use the equity as collateral towards the purchase of a small apartment complex. Has anyone done this that can give more details? I don't want to sell these houses because they all cash flow at least $300-450/month.