Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Drew Harris

Drew Harris has started 6 posts and replied 26 times.

Post: Real Estate Attorney Interview

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11
Quote from @Drew Mandela:

Hey Drew,

I'm a Real Estate & Title Attorney in Maryland. A couple questions I would ask:

-Are you familiar with drafting real estate investment contracts? If so, dig deeper - how many? where? price points? types of real estate? etc.

-Have you ever worked with a wholesaler before? If so, did you draft all the contracts for the deal? Did you handle the Title-side of the transaction? If not, do you have a Title Company that can handle wholesale deals?

I think that's a good start. If you try to get details out of him and he can't really provide any facts/descriptions to back it up, you're talking to the wrong guy.

Best of luck! 

@Drew Mandela thank you so much this is a great list of questions! Wish you were in Texas! 

Post: Real Estate Attorney Interview

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11

Hello BP,

I have a potential wholesale deal and it is my first.  I need to hire an attorney to help with contracts and such.  What are some of the questions you use to qualify if you are hiring the right person? 

Post: Lending on Single Condo Unit Within Large Complex

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11
Quote from @Isaiah Foster:

I have the opportunity to purchase two condo units within a complex. Has anyone done the same before? Whats the best route on these? 

Reason I am interested in this is because it is on a college campus and can be leased to college students. I can get a 3 bedroom unit for$75k and a 4 bedroom unit for $80k. The 3 bedroom unit can be leased out for approximately $1600/mo and the 4 bedroom can be leased for about $1750/mo. Almost seems stupid not to buy the units. 

Are there any hard money lenders that would help finance this? Ultimate goal is to renovate them and then lease for even more. 


Sounds like a great deal! My experience with condos is always check the HOA and see if it has any pending or current lawsuits, how maintained is the property, and if one family or company owns a majority of the units and is in control of the HOA. If a large majority of the units are owned by a one person or company it can possibly be a red flag. If they default on the units or not pay the HOA then it can be trouble for the complex.

Otherwise your cash flow sounds amazing on this deal! Good luck and keep us posted!

Post: ADU Build in Arlington Texas

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11
Quote from @Bruce Lynn:

@Drew Harris   I've used Demetrius Crowder several times for plumbing work.  Good guy, hard worker in my experience.


Hey Bruce can you private message me Demetrius information please?

Post: ADU Build in Arlington Texas

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11
Quote from @Jason Sung:
Quote from @Drew Harris:

Hey Bruce,

Thanks for the info.  My property is unique(unusual) too.  I have almost an acre and my detached garage/workshop is about 100 feet away from the main house.  It has separate power (zoned commercial) and the rate I pay is cheaper than the main house. I have plenty of room for parking.  I will go to the city directly I think that is great advice.  I should have my plans from my designer soon and I will show them the plans.  

The ADU's you seen in Arlington was it a client of yours? Did you sell or rent the home for them?

@Bruce Lynn

Hi @Drew Harris, I am curious what decision you made. I am in the same situation. 


 Hey Jason are you in Arlington? I just received my plans and I'm going to the city next week. If they agree and approve I will be converting my workshop/garage into a 2bed 1 bath. 

Post: ADU Build in Arlington Texas

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11

@Brucelynn

can you private message me his info please? 

Post: ADU Build in Arlington Texas

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11

@Aliciamarks 

Thanks for the reply. This will be a LTR my property is not in the STR zone unfortunately. They changed the laws a month after I purchased. Do you have rentals in the Arlington area? If you have recommendations for a licensed plumber?

Post: ADU Build in Arlington Texas

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11

Hey Bruce,

Thanks for the info.  My property is unique(unusual) too.  I have almost an acre and my detached garage/workshop is about 100 feet away from the main house.  It has separate power (zoned commercial) and the rate I pay is cheaper than the main house. I have plenty of room for parking.  I will go to the city directly I think that is great advice.  I should have my plans from my designer soon and I will show them the plans.  

The ADU's you seen in Arlington was it a client of yours? Did you sell or rent the home for them?

@Bruce Lynn

Post: ADU Build in Arlington Texas

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11

Hello BP,

I'm looking to convert my detached garage into a 2 Bed 1 Bath ADU in the Arlington, TX area. Does anyone have experience with permitting with the city? I read that the city approved 51 ADU permits in the last two years. But any guidance or stories will be helpful.

Post: 1st House Hack Renting Rooms

Drew Harris
Pro Member
Posted
  • Posts 30
  • Votes 11

@Tamara G. I didn't end up buying that property. I purchased another on almost an Acre of land with a detached garage/workshop I will be converting to a ADU 2bed 2bath this June! I'm very excited because the garage/workshop is separately metered and has more power than the main house! I still have 0.5 acres of land I'm in the process of clearing and I would like to build RV/Tiny home pads for people to park and live for 30 days or more. BUT the first thing is the ADU then take it from there.

How about you have you closed any deals lately?