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All Forum Posts by: Robert Freeborn

Robert Freeborn has started 38 posts and replied 401 times.

Post: Property Managers in Angleton, Texas

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Troy Stidd nope. Passed on the deal.

Post: Networking in Snohomish County, WA

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Kobe McDaniel hi Kobe! Welcome to the club. I’m up in the Whatcom and Skagit area. While my main focus is on flips I’m looking to expand into rentals soon.

If your interested in coming up this way, you can find the Bellingham real estate investor group on Facebook. Hope to see you around.

Post: Real Estate Excise Tax Affidavit

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Tyler J Sabin I highly recommend consulting a local real estate attorney. The hourly fee is more than worth not messing up and becoming liable for 1.78%.

Post: MLS Wholesale Real Estate

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Barbara Salazar if you plan to wholesale a MLS listing I would HIGHLY encourage you to rethink k your strategy. As a agent I would be screaming red flags to my clients if I saw an offer on a listing with "and or assigns" on the buyer line. That holds doubly true in this market.

Post: Washington State? SFH+ADU

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Joas Espinoza one thing to be aware of is, depending on the county, owner occupancy might be required. While that wouldn’t be an issue while you live there, it could slightly limit your buyer pool when you go to sell. Overall, not a huge deal, but something to be aware of.

Post: What will come from Texas Artic Vortex

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@John Dean and this is why I brought it up. While I’m glad so many are not having issues, I’m seeing severe damage In many videos.

I think this could generate some great wholesale and buying opportunities. I was hoping to generate a conversation mostly based around that and what other opportunities people are seeing, or not seeing, out of it.

Post: What will come from Texas Artic Vortex

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Jim Cummings

Damaged! Not “dam fed”. I apologize, I post on my phone and missed that grammatical error.

Post: What will come from Texas Artic Vortex

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

@Jim Cummings i don’t intend to dive into the political, but from the reports I’ve seen most of the power issues are coming from the natural gas plants having equipment freeze and gas freeze in non-insulated pipes. Some of the wind terbines froze because the heating elements weren’t purchased, etc

Having grown up in Texas, yes, this sort of thing is rare.

I guess my question was more aimed at what sorts of opportunities people see coming out of this. For instance, it appears that there may be a lot of dams fed homes out there. Does anyone plan to increase their off market prospecting?

Post: What will come from Texas Artic Vortex

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182

I’m sure we’ve all seen many videos of ceilings collapsing, pipes bursting, and flooded floors coming out of Texas.

Considering the uncertainty with the power grid, climate change, and likelihood or unlikelihood of the energy grid being prepared for future weather events, do you intend to start investing or continuing investing in Texas? Do you intend to sell? What kid of opportunities do you see in the future?

Post: [Calc Review] Help me analyze this deal Take 2

Robert FreebornPosted
  • Real Estate Agent
  • Bellingham, WA
  • Posts 427
  • Votes 182
Originally posted by @Brian Powers:

I'm by no means an expert, but I see a couple of things that you might be able to input differently in the calculator. The refinance loan was for a 6% interest rate, if it's through a bank you should be able to cut that nearly in half which will help. Other than that you could double check rent rates and play around with different numbers to see what happens. Try putting less down or doing a partial cash-out refi instead and see how things play out. 

 Thanks Brian, the 6% refinance loan is interest only.  Unfortunately, I can't qualify for conventional financing right now.  The partial cash-out might be a good option.  Thanks for the help!