All Forum Posts by: Travis Dutro

What would be some good ways to structure buying 20 single family houses for rentals? If the opportunity came across where you were to buy a package deal how would you do this? Can you have them all under one loan where you were to put 20% down?

@Jacob Sampson

Well that’s a relief. Thank you

I have a house under contract and the plan is to close on it, put my house on the market, and renovate new house while mine is on the market and then move into new house as soon as it’s finished whether my current house is sold or not.

I thought about a 1031 exchange but I’m kind of doing this backwards I believe for that to work?

I’m buying this house all costs factored it for 125k and I should profit 50-60k from selling my primary.

My question is, is there anything I can do to avoid a large capital gains tax on that 60k?

Thank you

@David Martin Huntington bank, caliber home loans, and Wells Fargo. I do not believe it has ever been moved from its original spot. There’s a certification tag on the home.

I’m finishing up my live in flip and found a property to make my new primary. But there’s a problem and I’ve come here as a last resort for any ideas I haven’t thought of... it’s a manufactured home that needs about 30k in repairs and was built in the 90’s. Final and best offer is due tomorrow and I thought I had a lender lined up until last minute they tell me they aren’t able to do the conventional rehab loan on a manufactured home.. I really want this property mostly because there aren’t any neighbors and it has over 15 acres for a good price.

I’ve tried 3 different lenders between conventional loan and 203k loan and no luck...

Any ideas to get me in this house are greatly appreciated.

Unfortunately I'm a few months late to seeing this but if you need someone to check out a property in the Muncie area in the future I'd be glad to help.

@Jerry Padilla

Alright I understand and appreciate it.

Thanks everyone that helps a lot. I’m not too worried now.

Thank you @Jason Gines

Ok so I understand that now. Although it looks a lot tougher to get past four with the more strict guidelines from 5-10 according to Fannie Mae. But I suppose if that doesn’t work out then theres unconventional long term lenders like you mentioned.

Thank you for clearing that up!

Hello everyone,

Rarely will I ask a question without researching heavily to find an answer, and I have looked but maybe I’ve missed it..

Say I have 3 houses rented out plus my primary and all have a bank mortgage. Now I realized you basically can’t get any more mortgages due to debt to income. But what if you buy a house with hard money and then in a year when that’s due you finance it through a bank since you already own it? Is there a difference between getting a mortgage on a house that you don’t have already vs getting a mortgage on a house that’s already in your possession? If it’s already in your possession will they give you financing even if you already have four mortgages? If not, then what are most doing after their year is up with hard money for a buy and hold?

Thanks in advance!!