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All Forum Posts by: Garret Ball

Garret Ball has started 6 posts and replied 12 times.

So we are looking at buying this new build duplex and we have cash, but we want to get conventional financing so that we have money to work with for other deals. Would this house be elgible for financing if it is not a slab pour and is built on blocks?

So we are looking at buying this new build duplex and we have cash, but we want to get conventional financing so that we have money to work with for other deals. Would this house be elgible for financing if it is not a slab pour and is built on blocks?

Post: Need advice before foreclosure auction Tuesday

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1
Originally posted by @Jason Hirko:
Originally posted by @Jay Hinrichs:

what kind of tax's  IRS  state  property ??/ all of those are easily found.

the latter is why I will personally never invest in Texas again.. foundations are the bane of my investing existence I recommend becoming an expert at them.. us out of state folks just get hammered.. can't think of a worse state to invest in when you don't live there.. Rant off..

LOL when I was buying HUD houses as fast as I could I would search out the ones with foundation issues - 95% of my competition couldn't get financing on them and renters don't care about a little slope!

Where do you currently find your deals? We have sent out mailers and are on facebook, craigslist, and have a website.

Post: Project Management Software

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

@Manolo D.

We are starting with just one at a time but our plan/strategy is to get to selling 4 houses a month. That probably means that we will be in some part of the process (buying, rehabbing, or selling) with about 12 houses a month. Right now I'm just exploring my options!

Post: Need advice before foreclosure auction Tuesday

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

Hey everyone, me and a few other guys are looking to get a house at a foreclosure auction on Tuesday. We have done a lot of number crunching to determine our max bid that we will stick to; we are not afraid to pass up on every house if we have to. Some of my concerns are if we happen to get a house with a tax lien still on it, but we have gone to the courthouse where we should be able to get all the information. Does anyone have any other recommendations for being confident with that? Also, my other concerns are with foundation and septic issues. Most of these houses can't be inspected beforehand so is there any way to reduce the risk of finding that issue after the purchase? Thanks

Post: Project Management Software

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

Hey everyone! Just had a quick question about project management organization. I've been researching different software to use when managing a timeline/construction crews and am not sure what is best. What do you all have experience with and what do you prefer?

Post: New Member Introduction!

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

Thanks everyone! I'm thinking I should go ahead and flip a house. Can I try to get estimated repair costs included for the loan?

Post: I really need some advice..

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

I'm working part time as a carpenter now, I could go back to full time. But I am not making even 2000 a month full time. So I'd like to start my own real estate business soon. I'm just not sure if I'm able to right now

Post: New Member Introduction!

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

@Jennifer Petrillo

Do I have to have a full time job to get an FHA loan? I really like that idea by the way!

Post: I really need some advice..

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

Ok so my original plan with real estate was to get an FHA loan and live in a MFR. But, I only work part time right now and my full time job opportunity is not working out now. I need more capital and I feel like I could be successful in house flipping. Then I could either keep this business going, or start getting into buy and hold. The thing is, I don't have a clue how to get started house flipping except that I have carpentry experience. I have limited cash and no track record. How will I be able to get funding? How do I go about finding a deal?