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Old 08-02-2019, 08:17 AM   #1
CoachS
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Join Date: Jan 2014
Location: La Vernia
Hunt In: Floresville , Stockdale
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I'm looking to buy a rent house in the next year. Does anyone on here have any recommendations on a good company to get a loan through? Any advice is greatly appreciated!!!
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Old 08-02-2019, 08:25 AM   #2
Chance Love
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Talk to Trey "TexCattleman" on here. He's your guy.
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Old 08-02-2019, 08:29 AM   #3
RingSteel
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Are you looking to finance the purchase only, or wanting to finance the purchase + the rehab?
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Old 08-02-2019, 08:47 AM   #4
toledo
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Jay at Agsreward.

https://agsreward.com/
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Old 08-02-2019, 08:59 AM   #5
hooligan
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Quote:
Originally Posted by Chance Love View Post
Talk to Trey "TexCattleman" on here. He's your guy.
This, Trey is great to work with. He and his team make it easy
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Old 08-02-2019, 09:58 AM   #6
CoachS
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Do they service loans in the San Antonio area? Probably just going to finance the purchase. RingSteel what type of loan would you have to have to fund purchase and rehab?
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Old 08-02-2019, 09:59 AM   #7
Acameron52
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Following this.
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Old 08-02-2019, 10:07 AM   #8
TexasLongball
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Following as well
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Old 08-02-2019, 10:08 AM   #9
makotex
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I just bought 2 rent houses in SA and used Willow Bend Mortgage for both. Conventional 30 yr loans. Josh Martinez will shoot you straight and his team is great to work with. Tell them Reece sent you over.
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Old 08-02-2019, 10:22 AM   #10
CoachS
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Good information on here. Going to have to look into this more.
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Old 08-02-2019, 11:00 AM   #11
hooligan
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Quote:
Originally Posted by CoachS View Post
Do they service loans in the San Antonio area? Probably just going to finance the purchase. RingSteel what type of loan would you have to have to fund purchase and rehab?
I think he does all of Texas. Im in Coppell (dfw) and hes handling ours no problem
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Old 08-02-2019, 11:16 AM   #12
RingSteel
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Quote:
Originally Posted by CoachS View Post
Do they service loans in the San Antonio area? Probably just going to finance the purchase. RingSteel what type of loan would you have to have to fund purchase and rehab?
A "hard money loan" is a short term loan that lends up to 75% of the After Repaired Value. You can use the loan to buy the house and pay for the rehab. Immediately after the rehab is complete, roll into a conventional mortgage.
It's a method to acquire rental property with less of your money out of your pocket.
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Old 08-02-2019, 12:06 PM   #13
Codie
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I have financed all of mine through a local in-house lender. Rates are not as good, but the out of pocket savings up front (thousands of $) and easiness of transaction is well worth it to me as I pay my rental property notes off as quickly as I can by throwing extra principal at them each month.
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Old 08-02-2019, 03:02 PM   #14
CoachS
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Quote:
Originally Posted by RingSteel View Post
A "hard money loan" is a short term loan that lends up to 75% of the After Repaired Value. You can use the loan to buy the house and pay for the rehab. Immediately after the rehab is complete, roll into a conventional mortgage.
It's a method to acquire rental property with less of your money out of your pocket.
PM Sent
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Old 06-02-2020, 09:05 AM   #15
Merry_Sweet94
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Bump it!
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Old 06-02-2020, 11:12 AM   #16
sbushee
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Westrom Group in Haslet. Great guy to work with. Can find the property and manage it for you. Will also find the renters for yoy
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Old 06-04-2020, 08:08 AM   #17
Tex_Cattleman
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I'd be happy to talk with you. Feel free to give me a call. 512.203.5869

I do loans all over the state. In May, I closed loans for TBHers from Grayson Co to the Valley, over to Beaumont, west to San Angelo and a slew in between. Heck, San Antonio is a 7 iron for me if it will roll straight down 281.

Sent from my SAMSUNG-SM-G930A using Tapatalk
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