All Forum Posts by: Clint Shelley

Besides reading and consuming BP, in a city the size of Dallas, you should join a local reia. The number one thing I would do and still do is analyze properties and deals everyday. Pick out a property and follow it through it's life cycle. Off market to market to sold to rehab to resale. Try to figure a way to buy every deal you see. This will help you identify a real deal. Eventually you'll notice when someone gets a good deal. When the next good deal is there, you'll be less nervous because you've already seen someone else go in for the kill. It's like when a lion tries to take down a zebra. Once they identify the one, they don't worry about getting kicked in the face. They just attack. That will be your mindset.

Clint

Great news. We closed on lots 2-10 a few days ago. Lot 1 was supposed to close, but the buyer has been delayed due to Covid. Once we close I'll discuss numbers. It was a home run in my little ball park.

Clint 

@Tyler Harvey

Ok. Is this a platted subdivision or metes and bounds lots? On your survey and his you should see the measured call which is what the surveyor measure today between the pins and the deed or plat call which is what the record call is. They should be pretty close but not exact. What I mean is the record call could be 123.45 ft with the measured call being 123.68 ft. That's within reason. Since you guys aren't fighting that's good. You guys should probably schedule a meeting with his surveyor to review his work and compare to yours first. You may have a situation where there could be double pins and that's throwing it off hard to tell from here. If so the surveyor should be able to explain his findings. Let me know what they say.

Clint

@Tyler Harvey

First, get an injunction to halt any fence removal, unless it's their fence. Whats the purpose of their new survey? Are you guys already fighting? New dog? Let's assume the boundary is correct, but what you're really concerned with is who owns the fence and what is it's nature to the boundary line? How long has it been installed? Was it their under convenience, has there been a boundary line agreement? Was it recorded? Have you talked with the surveyor? Lots of questions need to be answered. We need more info.

Clint

@Maria G.

Maria,

Where is your property line? You really should know where your property ends. If you don't, you really cannot contest anything. If the sub regs or hoa don't have any stipulations about private residents maintaining public infrastructure, why on Earth would you be responsible for it? That seems absurd to me but I know how municipalities love to shake down their residents. It's your money, but I wouldn't just give in. Best of luck.

Clint

I used to have a pet rabbit that stayed outside. They are pretty clean animals, but she's going to have it out to hold and pet it. The only thing I would worry about is they like to chew to keep their teeth sharp. If she doesn't supervise it, you'll be needing new trim and corner moulding when she leaves. If you allow her, I would inspect early and often at the start. I'd allow a rabbit over a dog or cat (my opinion). Good luck.

Clint

I see it as an out for them to walk, not an obligation for you to sell. Your selling at x but they are only willing to pay y+10k. So the net equation is = z ya later. No deal. Have your agents broker review the contract. That's their field of expertise.

Clint

The only upside is see is you get to learn to be a landlord and get some mortgage help, but you are risking having to pay outta pocket for repairs. Remember, cash flow is what you want to have to pay for unexpected stuff and for future. If you want to learn and house hack, that's cool, just make sure you are buying a place that doesn't need obvious cap ex repairs in the near term, or you think it's going to appreciate and you wanna gamble. 

Clint

I doubt it's covid-19. It's probably the excuse that is spun. Covid is everywhere. That's like trying to hide from sunshine. It's most likely congestion combined with politics, mixed with a slight touch of weather. Mostly politics I bet, if people tell the truth.

Clint

@Maria G.

Likely in the ROW. Probably planted due to the city"s tree ordinance. Call the landscape architect who worked with the subdivision design company. They can tell you more about it. This situation has happened before, and there is probably case law on the books. It's likely once the street was dedicated the tree became the cities anyway. It wouldn't do squat. Tell themnyou don't have any money and to piss off.

Clint