All Forum Posts by: Albert Yamoah

@Joel Owens thanks for the advice. I never thought of it in that light. It's a 2008 two story home in an area that is actively developing. It's really hard to find comps in this area because few similar homes have recently sold, but I'll speak with my realtor about it. 

@JT Spangler It probably would be better to sit on it for a few months. That airbnb idea may be the thing to do. 

Thanks again to both you guys. 

@JT Spangler I would not mind selling it. We were thinking of renting it till next summer when homes sell faster but I agree that this would not be a good rental property. I will reconsider selling it now and using the equity to start investing. Thanks for the advice and knowledge guys. I really appreciate it. 

Thanks for the info @Erica Villarreal. How do rehab to perm loans work?

@Shawn Thom  Vote, Vote, Vote, etc. Thanks.

Thanks for the knowledge @Account Closed and @Neil Schoepp.

Hi BP universe,

I'm designing my first business card as a real estate investor and would like to know what info should be on it. I've been told to refrain from using titles like owner and investor. Any suggestions? Thanks

Oh OK. Thanks, @Rene Martinez. Guess I'll need a real estate license or agent.

Where can the sale price be found for a home in Dallas county and surrounding counties?

Home Details:

3/2.5/2 

2491 sq ft

Tax appraisal $145,790

Purchased for $132,000 in 2011

$118,000 balance

http://www.zillow.com/homedetails/3507-Jenny-Dale-Dr-Dallas-TX-75212/89365670_zpid/

My wife and I are in the process of purchasing our next home for primary residence, but we have not sold our current home. We are looking to rent our old house (located in 75212) but the home has no rental comps in the area. My questions are:

1.) Do we just set an arbitrary rent and see what we get?

2.) We don't want to manage the property. Do you know of any good property management companies in Dallas?

3.) Should we get a home warranty for repairs? Can we do that even if we (the owners) do not reside in the home?

4.) Where can I find out landlord regulations specific to my area?

Thanks for any assistance; we greatly appreciate it. 

AY