All Forum Posts by: Aisha E.

Stephen Quesinberry , I am a wholesaler, and a rehabber in DFW area. Could you please PM me your investing criteria. Maybe I can help find you some good properties to meet your criteria.

Thomas Guillory , I got the CD of delinquent tax rolls from Tarrant County too; the only problem is he second file with the actual data with amounts owed is blank, filled with zeroes. I was able to convert the larger DAT file into a readable excel format, but not the second file. Were you able to get usable data from the 2nd file with the actual amounts due file? If so, can you guide me?

Why not a subject 2 the original loan, with lower monthly payment, no bank qualifications, and only rehab money to bring to the table. Afterwards do a Section 8. Each Duplex is 3 beds, 1-1/2 baths, and 880 sq.ft. FHA is paying $1249 for 3 bed dwellings.

Here is what I have on the table. Duplex, brick construction, vandalized. Each side: 2/1 Area: 1760sq.ft Lot:5000Sq.ft Location: near a major highway and downtown. Warehouses, construction companies, industrial. Street has only 12 houses, of which 2 lots have duplexes. One SFH recently rehabbed House adjacent has sort of shady neighbors House in front: vacant owned by an out of state owner, delinquent property taxes. Rent A: $675 (now vacant) Rent B: $700 (now vacant) Property Tax: $3069 Owner owes: $65k mortgage balance. Repairs required: $22k-$25k ARV:$117K Seller owns other rental properties in the DFW area, but does not want to sell any of those. His minimum asking price is to satisfy the underlying mortgage, and of course wants cash. My exit strategy is to wholesale it. What would be the most creative way to structure this deal with the out of state owner?

Sipo, I would love to meet up with you to bounce some REI ideas around.

Send me a PM.

As Matt Vogt suggested, start with those basic questions first. Your decisions will also be dependent on your exit strategy. Do you intend to live in it while rehabbing, intend to sell retail, prehab it, or just fix it to turn into your rental property. Sometimes it is cheaper to sub out the major renovations. You may work alongside the sub-contractors to learn by the seat of your pants, but only you know your own building skills. If you intend to make structural, or design changes, it is better to have a good, experienced framing carpenter working with you. Remember construction involves working together with many disciplines at the same time. You may think moving "just a wall" is nothing, but the work may entail major structural, electrical, or plumbing changes too. So unless you have some sort of a design, engineering, architectural, or construction background, just sub out the project as a GC, and be there throughout he project to learn. You can always enroll in classes to start with the basics training in building construction.

Rigo Medina , there are investors who do just that, and also provide property management to boot. There are quite a few in the DFW area.

Seems like you, and Lynn Tidwell are promoting the same property here, albeit with different details. Josh Winkler , could you please PM me the details on this house, the reasons for the incomplete project, and scope of work involved to give the 110k finish out figure. What materials have already been bought, and what are still pending. Do you have a material and labor breakdown available too?

Please give details of the "finish out", the square footage of the house, etc. 100k to put in electrical, wood floors, and hang doors is a bit too exorbitant a bid by the GC. Please PM me the details.