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RFP Homes is a real estate investment platform connecting investors with off-market single-family properties, tools, and resources to build wealth across Texas.

Dallas, TX
Joined June 2023
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The market doesn't have to be perfect. Your buy price does.
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Should you pay points on a rental loan? Run the breakeven. Hypothetical: $200,000 loan. 1 point costs $2,000 upfront. If it lowers the payment by $130 a month, you break even in about 15 months. Holding for 5 years? The point can pay for itself several times over. Flipping in 6 months? Keep the $2,000. Your exit decides the loan, not the other way around.
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Same house. Two rehabs. One builds $20,000 more equity. The comps set the ceiling, not your receipts. (Hypothetical numbers on the card.)
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You don't need every deal. You need the right ones, bought at the right price.
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Quick screen on a hypothetical DFW rental. Price $280,000. Rent $2,200 a month. Gross rent: $26,400 a year. Budget 40% of that for taxes, insurance, repairs and vacancy. That leaves $15,840 before the mortgage. That's the number your loan payment has to fit under. If it pencils, buy it.
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Before you close on an older DFW rental, check five things: 1. Foundation. Clay soil moves. 2. Roof age. Hail drives the insurance quote. 3. HVAC age. Texas summers find the weak unit. 4. Sewer line. Scope it, especially near big trees. 5. Drainage. Water should run away from the slab. Fix the price before you fix the house.
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