All Forum Posts by: Travis C.

Chase does not allow this either, but Wells Fargo does. It has to do with the bank's risk appetite with respect to Anti-Money Laundering regulations is all. I personally dont allow cash deposits anyway for my own and my tenants protection if there is ever a disagreement (due to traceability inherent to checks, MOs, wires, etc vs cash banknotes). 

Hi Everyone, here I am and it is 2018 and in order to get the good deals in San Antonio, I have gone the route of being a cash buyer using the BRRR strategy except I typically leave some money in the deals after refinancing because I don't buy properties needing entire renovations. Just cosmetic fixes like paint, flooring, and others is the extent of my appetite for now. I am moving to my 3rd new property with this strategy which will give me a grand total of 8 properties overall. So basically, I have been doing option #1, but instead of taking out mortgages in the front end if a purchase, I have been cashing out the last and using the proceeds to buy the next and it is working out well.

@Jeff Tamaru @Upen Patel is great to work with.

Thanks. Thjs is what I,was asking about and it looks like VA already increased it to mirror fha. https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

Does anyone know if the new FHA max loan amount of $453K for most areas has been adopted by VA underwriting yet? VA usually mirrors FHA, but I have heard they may lag a bit. Thanks.

This is good info and thought provoking. From a risk perspective, I guess it makes sense. From a return standpoint down here in San Antonio, it is hard to find anything right now that beats my returns on my current SFHs and this includes MFs when I run the #'s. I see you are in Austin so perhaps it is different up there. I have had a winning strategy with SFHs for the past few years on buy and holds, but I am always game to learn more about different avenues, too.

It seems I read on BP more frequently that apartment investing seems to be better overall than SFH investing. I have always bought SFH's, but may be open to multifamily as an option. From an investor's point of view, what risks are there with apartments versus SFH's? It would seem that maintenance risks are only multiplied which is one of the main risks that pops into my head. I like SFH's in this way because I can compartmentalize risks around maintenance. How do you multifamily investors get comfortable with this and other risks that may not reside as loudly with SFHs? Or am I viewing this all wrong?

It seems I read on BP more frequently that apartment investing seems to be better overall than SFH investing. I have always bought SFH's, but may be open to multifamily as an option. From an investor's point of view, what risks are there with apartments versus SFH's? It would seem that maintenance risks are only multiplied which is one of the main risks that pops into my head. I like SFH's in this way because I can compartmentalize risks around maintenance. How do you multifamily investors get comfortable with this and other risks that may not reside as loudly with SFHs? Or am I viewing this all wrong?

thanks everyone!

you are welcome @Upen Patel . Hope all is well!