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All Forum Posts by: Chris Sweeney

Chris Sweeney has started 3 posts and replied 261 times.

Post: Newbie to Real Estate Investing in Leander, Texas (NW of Austin)

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Gabriel. Leander is a prime market. If you are a patrol officer or in the field a lot drive for dollars. That means writing down the addresses of homes that appear vacant or neglected. Then look them up and see if they want to sell. This is just one of many ways to find great deals.

Post: Best way to calculate Market Rent Level?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
I'm with Austin and would do a lower increase for a renewal and not risk vacancy especially if it's a good tenant you want to keep around.

Post: Wholesaler looking to connect with Investors

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Hey John. There are. A few groups like the local REIA. Some seasoned folks too like Bryan Hancock. Keep me in mind for deals.

Post: Should I buy and hold?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Maybe get some current price sheets and see if you have any equity. Here's a chance you could sell it after closing. Any chance you for a big incentive when you signed putting you in a string equity position. Some builders refund the earnest or part of if you throw a big enough fit. Some don't need much of a fit. Worth a try.

Post: Open House for New Rental Property?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
I'd put the rental screening criteria in all ads. I'd do group showings to limit the time wasting. Probably not an open house except a one hour window on the weekend for group showings for prospects who have called and know your criteria and still want to see it.

Post: First Time HomeBuyer - Austin, TX

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
It looks like condos are renting for around $1500. You would bleed cash unless you put down a big down payment. I'd keep the condo as a primary residence and find an investment property that cash flows which takes work here in Austin. If you are sick of the condo then sell it and find something else. With closing costs I doubt you'd have much gains to worry about.

Post: Inherited Tenants - Lease Addendum?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Most leases survive a sale but have you seen a lease? Could they be month to month? It's best to get a dialogue going to prevent future headaches.

Post: What To Do With a Stale Listing!

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
You're stale and little reduction or toying with the MLS usually gets agents more frustrated than motivated as they've seen it for the last 122 days. What about asking the sellers to open their wallet in exchange for a deal? Meaning they only incur the cost if you get a deal like raising the commission, offering to credit for flooring, etc. Some contractors are willing to paid from sale proceeds so they won't pay the cost for flooring or paint now but at closing. At the end of the day most agree the solution to a stale listing is price but the above shouldn't hurt.

Post: Need Contractor/Handyman in Wimberley, TX

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
I got a good master plumber contact in Wimberly. He's on Facebook under Kind Plumbing.

Post: Inspection Company - RFI

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
ASHI or TASHI are good resources to find an inspector.