All Forum Posts by: Mike Walker

In addition to @Bryan Hancock 's recommendation, there's a local BP meeting the second Wednesday of each month @ 10 AM. The next meeting is July 9 @ the Mercury Mambo. You can read James Sinclair's post for more detail:

http://www.biggerpockets.com/forums/521/topics/135553-july-coffee-talk-south-austin-tx-meet-up?page=1#p135553

Welcome!

@Cory Mickler Both Chris and Josh make good points. As Josh mentions, any plate secured with anchor bolts embedded in the concrete should be removable. Otherwise, you can follow his suggestion. Some anchor bolts look like an "L", so the bolt cures both horizontally and vertically in foundational concrete. A concrete wedge anchor will wedge vertically into an existing slab that you perforate with a masonry bit. You'll need a heavy-duty hammer drill, so that you don't burn out the motor of a standard drill with each hole you create.

No need to break or crack the porch/slab. This is a simple retrofit for your new railings. 

Jared, 

You're likely to find interested local partners at the area REIA meetings, as well as putting the word out online. You'll also benefit by hearing about potential deals at the meetings.

Thursday's Mastermind lunch meeting at Big Daddies is one of the bigger area meetings to network on a weekly basis. We also have the local BP meeting the second Wednesday of each month (tomorrow) at 10 AM. There are other REIA groups that meet regularly. Check meetup.com for times & days.

Keep you eyes and ears open to ways you can participate in deals and strategies to maximize or leverage your capital and experience into new investment opportunities.

@James Sinclair Thanks for reminding the Austin BP community about tomorrow's meeting.

Here's a pic from last month's presentation.

@Lynn Currie did a terrific job explaining the Planning & Development process for New Residential Construction within the City of Austin, especially the Zilker, SoCo and Hyde Park neighborhoods.

She covered Pre-Development issues that determine whether she closes on properties after a 10 day Option period, including Arbor, Utilities (water & gas), Demo, Historical Homes, Foundation, Amnesty Lots & Zoning.

She also showed the group her Pre-Development Spreadsheet model for project and budget management, along with Drawings and Designs.

She knows her way around the city's DAC and shared tips on dealing with everyone from the Historical Department to Austin Energy, Electrical Inspectors, Engineers and the Austin Water Utility office for Tap permits.

We also examined a Flow Chart for New Residential Inspections.

Part II of Lynn's presentation takes place tomorrow, June 11 @ 10 AM. We look forward to learning more about the Day-to-Day Construction and Development process, including how to plan for Permits and Inspections, Red Tags, dealing with Contractors, crossing the finish line to the Certificate of Occupancy and more.

Not to be missed! We look forward to seeing everyone tomorrow at Lynn's office, behind the Gibson's Bar.

@Dwight Villada Our S Austin BP meetings typically run from 10-11:30 AM, the second Wednesday of each month. Hope you can make it.

Thanks Bryan & Lamar for hosting & bringing Brandon & Rishi to last night's meeting. That was an awesome presentation in one evening! Very informative.

As Title 3 is enacted by the SEC, please host another meeting as an update to how investors can expand their funding options.

I would put in the offer and let the bank look at your numbers. You never know the level of motivation, nor the criteria, prompting their decisions. Follow the formula, as you mentioned. They might get back to you tomorrow or three months from now, if they have interest in shorting the sale vs. a foreclosure.

Though this post is now a couple of years old, I thought I'd add a link to an article that relates to being labeled as a "high risk" real estate investor when applying for a D&B account:

http://activerain.trulia.com/blogsview/1630647/business-sic-codes--avoid-being-labeled-a-high-risk-

Thanks again, Lynn, for hosting next Wednesday's BP meeting!

For everyone who's new to Lynn's office..that includes me..here's a link with a pic of the Gibson Bar Lynn mentions as a landmark:

http://gibsonaustin.com/

This is not a pitch of a product nor service..haha

Hope everyone can make it!

Peggy,

I'm in the South Austin area and would be glad to give you a hand, if you can tell me what you need done.

Thanks. BTW, S Austin is a great area where values are really taking off.

@Tim G. I second Lynn's recommendation. Attend the Big Daddy's meeting, if you have to choose one. It begins around 11:30 AM and seating is usually full by or before noon. Sorry you can't attend our BP group on May 14.