All Forum Posts by: Susan Tan

Interested in doing the same thing for a tiny 650 single family house and converting it into a 2plex or a 3plex. How did the process go?

Do you live in the city of Houston and want to learn about renovations and remodeling? I'm about to start a rehab on a small MF apartment building in the Inner Loop and would need the help of a local resident who can take pictures and video twice a week of the renovations that are in-progress. Please direct message me if you're interested and we can do a zoom video intro chat or coffee chat to get an overview of the scope of work. This is a good opportunity for new young aspiring real estate investors who are eager to learn

The water & electricity are both turned off on this fixer upper property that I have under contract with the wholesaler. Do you recommend that I get an inspection report? I plan to hire a GC to manage all the different sub-contractors on this project.

@Stacy Raskin Is it even possible to have a cash flowing fully cccupied rental property that has a 12% interest rate  hard money loan?

What does 1.2 ratio mean?

@Erik Estrada This is quite general advice. Do you have referrals to such lenders or are you a lender yourself? 

I'm a self-employed real estate rehabber doing BRRRR for the first time. I do not have a W2 full-time job this year. When it comes time to do the last "R" or refinance with a traditional bank to pay off a hard money loan, would I need a W2 fulltime job to get the lowest possible interest rate and lowest monthly payment from a traditional bank?

Have you worked with an awesome leasing agent who's good at marketing vacant units and screening tenants? Let me know. I'm looking for a leasing agent in Cincy area to rent out a vacant 1bed/1bath 1,000 sqft apartment.  

I had househacked in the past for a 3plex building that I own in Texas but have moved out of. I still have a FHA 30-year long low interest mortgage on this 3plex and all 3 units are rented out to long term tenants. How would I continue to househack? How do investors here continuously househack? I can only have 1 FHA mortgage at a time, right?

Do you have a favorite turnover punchlist that you can share with us? I don't want to build a turnover punchlist from scratch.