All Forum Posts by: Tyler H.

Excellent Design! Would love to see more of this style in the DFW area.

Was TD offering the NOO HELOC as a 1st or 2nd lien?

@James Mudd Sounds like this agent is spreading "hearsay". A lot of agents are mis-informed about the investment side and vice versa.

+1 for full Disclosure on all transactions, Thoroughly document everything in writing, maintain proper insurance and work with a reputable broker.

Congrats on your decision and I'm sure you will do well.

@Lorene Fleming have you physically visited the site and interviewed the builder? Also, does property qualify for American based title insurance? How many other homes have been built in the development in last 6 months? Are they "guaranteeing" rents? How financially strong is the developer? I'm sure you've asked yourself these questions, but I am thinking out loud.

I definitely would not buy sight unseen.

Plus, Even if your due diligence checks out, I would anticipate building taking longer than expected. For sure have a reputable independent real estate attorney review any builder contracts and put provisions in the contract to protect you and hold builder/developer accountable.

I can't think of any institutions that provide a line of credit with 401K as collateral. I'm not a financial advisor, but a SDIRA may give you more flexible options. Check out a Solo 401K (possibly borrow up to 50% of your account).

I buy in Fort Worth, actively looking for wholesale deals.

Nicely done. Simple, to the point. Not cookie cutter.