All Forum Posts by: Stuart Chinworth
Stuart Chinworth has started 5 posts and replied 123 times.
Post: First time buyer looking for local banks to borrow

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Quote from @Kanjana Kanjina:
Quote from @Stuart Chinworth:
Hey @Kanjana Kanjina, I recently had client who was working with a local bank here in Granbury and was able to put 10% down on a property. So it is possible. However, he has a very established relationship with this bank and the terms are much different than conventional financing. I would personally budget 25% for a downpayment on conventional. You might be able to find something lower with less conventional financing but that is a whole different conversation.
Thanks Stuart for the response. It looks like I have to work on saving more money for down payment.
You are welcome. Keep in mind, you are only limited by your imagination and creativity. Sometimes you can partner up with someone who has more money than free time or find a seller financing opportunity. Keep saving but also keep exploring less conventional financing options.
Post: Looking to purchase SFH or MFH near TCU

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
@Alicia Marks, wow, I bet that monthly cashflow is a nice monthly addition to his bank account.
Post: Looking to purchase SFH or MFH near TCU

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
As mentioned, it can be hard to get good cash flow on properties directly around the TCU area. Growing up in that area, I wish I had purchased everything I could around there about 10-15 years ago. I'd probably be typing this from a beach somewhere. ha ha.
That being said, depending on many factors, the benefits of being closer to campus might outweigh higher cash flow. There are some pockets of Riverbed and River Oaks that are turning and I feel Westcliff is a good play. I can't talk much about Alrington so I'll stay in my lane there. Give me a call anytime if you want to talk in more detail.
Post: First time buyer looking for local banks to borrow

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Hey @Kanjana Kanjina, I recently had client who was working with a local bank here in Granbury and was able to put 10% down on a property. So it is possible. However, he has a very established relationship with this bank and the terms are much different than conventional financing. I would personally budget 25% for a downpayment on conventional. You might be able to find something lower with less conventional financing but that is a whole different conversation.
Post: Looking for reputable PM in Fort Worth

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Hey @Jonathan Mooney. Sending you a PM.
Post: Property Manager in Lubbock

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Hey @Shane Jarmin. Location Rentals is who I would recommend. PM sent with more details!
Post: Property Manager in Lubbock, TX

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Quote from @Jon Feldman:
@Stuart Chinworth
Hi Stuart we have two buildings in Lubbock the PM company we use is not that good
Do you have any recommendations for out of state investor?
Thanks Jon
@Jon Feldman Location Rentals is who we use and they are fantastic. I'll PM you our contact over there.
Post: Seeking Advice Selecting a Brokerage as a New Agent

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Hey @Tom Dempsey, my advice would be to find a brokerage that can provide you with a good CRM to help with follow ups and transaction management. There is no sense in trying to find or create your own system when you should be out generating business as a new agent. A company that offers regular training opportunities is also a must. Things change too quickly in this industry and knowing you have a resource to keep up to speed is critical. The way I look at it, if the broker is knowledgeable, ethical and provides all the tools I need, I can focus on the handful of things that drive business (which is the best use of my time).
Post: Small Town Multi Family Investing

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
@Griff Robles Given the extremely high demand and lack of supply, rentals are going quick and for a premium. Based on the planned grown for our area, I feel property in that area would be a good purchase. Assuming it's priced right, as @Michael Vinson mentioned.
Post: Property Manager in Lubbock, TX

- Realtor
- Lubbock, TX
- Posts 127
- Votes 57
Hey @Scott R. I'll send you a PM.