All Forum Posts by: Thomas Ince
Thomas Ince has started 7 posts and replied 20 times.
Post: Portfolio of Rental Homes lender
- Leander, TX
- Posts 20
- Votes 2
I'm looking for a lender who has a good program for investors that own multiple homes and or commercial properties. Lets say its 10 homes and 5 commercial properties.
Would be nice if you can start off at say 70 LTV and as things appreciate or its paid down, you can easily add more debt to buy more or cash our some for other ventures.
Any good products out there for something like this?
Post: Anyone investing in Bastrop?
- Leander, TX
- Posts 20
- Votes 2
I think Bastrop will be a great buy and hold over the next 10-20 years.
Post: Thoughts on improving the exterior of this 4-plex
- Leander, TX
- Posts 20
- Votes 2
@Carl Dean, good idea
Post: Cap rate needed to cash-flow a 15 year note?
- Leander, TX
- Posts 20
- Votes 2
Some of the properties I'm looking at are higher cap rate, older properties. Does that affect the term?
I bet I can get a longer term for a newer property. Has anyone seen this before?
Post: Tin Foil in Windows1
- Leander, TX
- Posts 20
- Votes 2
Originally posted by @Lee L.:
I think I'd splurge a little and get nice matching faux wood blinds for all windows on the front side of the house. Not only would make the tenants happy, it would make the property look nice from the outside with all windows having a uniform look.
Home Depot has really nice cut-to-width faux wood blinds. They offer a custom look, and dare I say -- a high end look, but much cheaper than custom blinds.
Probably a $500-$600 project
Thats a good idea.
Post: Tin Foil in Windows1
- Leander, TX
- Posts 20
- Votes 2
Originally posted by @Joel Owens:
Looks like from look of things the building has no A/C except for window units.
Those buildings are pretty rough. You better be getting these for next to nothing.
I am. 56 units for the price of a single family house.
Post: Tin Foil in Windows1
- Leander, TX
- Posts 20
- Votes 2
Originally posted by @Gino Barbaro:
Hi Thomas
how many units, and do any of the other apartments in the area have the same look.
Ask the tenants what they are there for. You may be able to install inexpensive window treatments.
I would have them removed and replace with some other type of window treatment
Gino
Its 14 Four-Plexs. Total 56 units. It has the worst appearance in town. Want to clean that up.
Post: Tin Foil in Windows1
- Leander, TX
- Posts 20
- Votes 2
Any thoughts on putting up a dark screen that would block out the tin foil? Has someone done this?
Post: Thoughts on improving the exterior of this 4-plex
- Leander, TX
- Posts 20
- Votes 2
Wow, thanks for all the input. Here is a recap of what I think we could do.
@Mike Hanneman : Paint and landscaping. Great idea
@Michael Lovell : I'm having a hard time picturing the pergola. Do you have any pictures of what your talking about?
@Manuel Gonzalez : That's a good idea to address the uniformity of the windows (tin foil). Also the window unit.
@Valerie Hiscoe : Agreed on the two colors of pain. @jimadrian, if you have any ideas please post them here. Beefing up the entrance is a good idea. The bricks on the walkway is a good idea. Good ideas on the plants.
@Jerry Ciesielski : Like the exterior faux window casings. I might do that, grey building with the white craftsmen. Do you think cedar columns would work with wraping.
@Yamini M. : Good idea on the door. Good idea on shutters. Good idea on blocks and mulching.
Thanks everyone for you feedback. I'll keep you posted on the transformation.
Post: Commercial Loan Term
- Leander, TX
- Posts 20
- Votes 2
Thanks @Eric Schleif . On another thread someone was saying to do a 30 year loan. My experience is similar to what you mentioned. Thanks for your input.