All Forum Posts by: Yash Ranadive

I'm rehabbing a property that I bought in Mesquite using Hard Money. The property will finish rehab Apr 17. Now, I want to refinance out of that property using a lender/bank. I'm working with a bank who will refi it but the rates are too high 5.5%. What's a good interest rate I can get for such properties?

Who have you folks used as lenders for such refis? Many thanks in advance.

Thanks @James H.!

Ah thats very insightful @James H.. 

Best situation: They move out with no hassle by end of week 1

Worst situation: I start eviction process by end of week 1 which will complete end of week 5. I will lose money in 2 ways:
1. The damage they do to the property as they move out
2. The Rehab will get delayed which will delay tenant moving in (lost money in interest + vacancy)

Should I make them sign a lease before closing to start eviction ASAP past the first week?

I just paid the token 5K amount for a property in Dallas to a well known wholesaler in the area after a silent bid. The wholesaler is telling that the closing will happen in 1 month and the seller needs to have 1 week of leaseback after the closing.

Are there any potential risks such as squatting when I do a leaseback? What are the documents I need to have to make sure I'm reducing risk?

I just paid the token 5K amount for a property in Dallas to a well known wholesaler in the area after a silent bid. The wholesaler is telling that the closing will happen in 1 month and the seller needs to have 1 week of leaseback after the closing.

Are there any potential risks such as squatting when I do a leaseback? What are the documents I need to have to make sure I'm reducing risk?

I just paid the token 5K amount for a property in Dallas to a well known wholesaler in the area after a silent bid. The wholesaler is telling that the closing will happen in 1 month and the seller needs to have 1 week of leaseback. 

Are there any potential risks such as squatting when I do a leaseback? What are the documents I need to have to make sure I'm reducing risk?

@Victor H nieves curious to know what happened to your Indy BRRR. Did you work with a company to get it? If yes, which one was it? How has your experience been so far?

Hello

I'm a new member looking to form my team. I'd love to connect with a Real Estate Agent who has experience dealing with investors in the DFW area. I'm looking at Garland right now but I'm open to be educated more about the market. 

Is this the correct forum to ask for recommendations?

Yash

Hey BP,

I'm a software developer working for "Big Tech" here in San Francisco. I went to school in the DFW area and have a network for friends there who can assist me in things like maintenance / vacancy / etc. if I get rental properties.

My short term goal is 1-2 SFH's under my belt by end of this year. I'm looking for real estate agents who've worked with investors before and who can give me a steady flow of deals.

Any pointers on what I should do as next steps will be really appreciated.

Yash