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All Forum Posts by: Nancy Truong

Nancy Truong has started 4 posts and replied 68 times.

Post: Legal Advice for Building Multiple SFR on One Lot

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

Texas attorney here. I'm based in Houston. Short answer - Yes. Houston one of the last cities in the nation, if not the only, that doesn't have zoning regulations. You'll need permits in place. Also, the common area will be structured depending on whether you're selling or leasing. There's different laws related to how common area is shared, whether you have it as an easement, run it through HOA, Condo association, etc.

Post: Highly motivated "Investor" looking to network and grow!

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

Welcome to the BP family. This is a great platform to meet like minded people. I'm a real estate attorney here in Texas, specifically Houston. My law partner and I are also active investors. Feel free to shoot us a message if you ever want to run ideas by us or even to brain storm. Hope we cross paths soon!

My hard pass: 1. electrical damage 2. large plumbing issue 3. outstanding liens when combined are way above property value.   

Post: Real Estate Texas Attorney

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

My partner and I specialize in real estate law,business law, and estate planning in Texas. We are also investors in the Houston market. By way of introduction, we would love to answer any of your questions regarding Texas law. We enjoy teaching and discussing real estate. Since this is a public forum, any advice is general information, if you want a more in depth answer, feel free to reach me. 

Post: Where is the best place to find pre-foreclosure leads?

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

You'll find Notice of foreclosure sales in real property records. Some tax foreclosure sales will use a handful of law firms. These law firms may also post foreclosure sales on their website. Here are a few online websites: 1. ************** 2. auction.com 3. Grantstreet.com. 

Online auctions are very competitive and some in person auctions are too. If you want pre-foreclosure specifically, the court records is the way to go. There are companies that vet these and just send you a list. 

Post: Anyone ever skip trace a list of salesperson and brokers?

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

I've used Liberty Paralegal. They're based in Texas. Skipping tracing is nationwide, so I assume they can access information anywhere. Their number is Phone : (281) 200-5310

Post: What to look for in a real estate attorney?

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

Hello Andrew. I'm a Texas attorney so I'm a bit bias. If you're seeking an attorney to protect your business, I suggest asking about anonymity, asset protection, and pitfalls. Since there's several aspects to real estate law, you'll want to ask what's their expertise in real estate? It could be residential, commercial, development, foreclosure, sales, LL/T disputes, transactional, litigation, do they do in house counsel, etc. Ask about attorney fees, paralegal fees, and other types of fees (hourly rate v. flat fee), whether they charge by the quarter ex. Some lawyers charge in 15 min increments, meaning you pay the full 15 mins even if you spend 2mins. You may also want to ask for references, or check their reviews. Lawyers are in some ways like teachers, they're drafting contracts, arguing in court, writing letters/memos/opinions, so it's ask them to explain the process of setting up a protection plan. Way your options with seasoned attorneys v. young lawyers. Seasoned attorneys may not always be up to date with new or amended law while young attorneys may not have enough experience. Best of luck to you.  

Post: Messed up big time

Nancy TruongPosted
  • Attorney
  • Houston
  • Posts 84
  • Votes 116

You stated that you signed 2 sales transactions but 1 buyer withdrew his/her offer. Currently, are you under 1 contract or is there 2 contracts?