All Forum Posts by: Yameen Salahuddin

anyone know of any particular places in the dallas area?

Microwave is a must? What about a oven/stove? I would've thought that a microwave was less of a priority, since anyone can pick one up for under $100.

I'm heading toward the end of my first flip - I was wondering what appliances people feel should be put in the kitchen. My agent for some reason says don't worry about the Refrig, only buy a stove & dishwasher.

Also, does anyone have a good source for appliances, especially in the Dallas area? Thanks!

i hear ya, that's why i'm completely ignoring CA and focusing elsewhere. it would be great to find a good cash-flow property next door, but we all know that is not likely to happen!

Are there some prevailing thoughts as to the best areas to invest, for cash-flow properties, being held on a long term basis?

uh, I meant FICO, not FICA.

Can someone give this newbie a quick and dirty idea of what lenders look for when I go to qualify for a loan for an investment property? Do I need to have a specific property selected before going to a lender?

I've heard that lenders want to see that 75% of the rents can cover the mortgage pmt, taxes, and insurance. There must be more! Even if those numbers work out, won't the lender want to know what my personal financial situation is (debt to income ratio, FICA, etc..., all that good stuff that the lender looked at for my personal residence)?

Thanks, as always.

are you always required to put a downpayment for a loan?

I've been on the site for about 2 weeks, and I just realized that I never actually introduced myself! I'm in Southern CA, looking for my first investment property. Thanks to everyone for the pearls of wisdom!

sorry, can't help there, but I'm wondering what you think of the area in general, for cash-flow rental investment? thanks!

but what about from the sellers perspective? in your experience, how often does the amount of cash down make or break deals?[/