All Forum Posts by: Jack Deer

"... because now locals or even people who moved in during the pandemic, are realizing that it’s too expensive to live there,”
Why would that be? Because they paid more into it than it's worth?
I don't know how this will all end, but it won't be as rosy as everyone thought it would be.

Quote from @V.G Jason:

LLC is only as good as you keep the separation. ...

Great advice.

Very interesting question.

I would think no.
That would be like suing the bank (lender) for a slip and fall or food poisoning at a restaurant.
I could be wrong.

3 of the 4 listings above are improved properties.

@Jordan Moorhead:

A few of us make a living and favor land for $30K or less. It depends on the market and what the individual is comfortable with.
Still, the listings above 100K are even more likely to be overpriced.

Take a look at these 4 listings* that are within the price range of 100K-250K. Although 348 of the 785 listings were reduced, they remained overpriced.

794 Days
9/14/2021 Listed $800,000
2/21/2023 63% - $300,000
7/23/2023 9% - $275,000
8/11/2023 10% - $250,000
9/14/2023 10% - $225,000
https://www.birdyinvestmentteam.com/details.php?mls=136&...

733 Days
11/14/2021 Listed $220,000
6/13/2022 4% - $212,000
10/14/2022 4% - $205,000
12/10/2022 4% - $198,000
https://www.birdyinvestmentteam.com/details.php?mls=136&...

500 Days
7/5/2022 Listed $225,000
10/5/2022 20% - $180,000
7/8/2023 3% - $176,000
10/23/2023 10% - $160,000
https://www.birdyinvestmentteam.com/details.php?mls=136&...

388 Days

10/25/2022 Listed $240,000
11/24/2022 9% - $220,000
12/8/2022 5% - $210,000
4/2/2023 3% - $205,000
4/28/2023 5% - $194,750
6/7/2023 3% - $190,000
9/1/2023 5% - $181,000
9/22/2023 7% - $170,000
https://www.birdyinvestmentteam.com/details.php?mls=136&...

 *The listings above are not listed by Birdy Investment Team. I just like their website.

I do appreciate your posts and understand that this one was about Austin. But what do you think of other markets surrounding Austin and San Antonio?
9/13/2023 Listed for sale $49,500
10/6/2023 Price change $24,900

11/14/2023 Listed for sale $24,900

I’m seeing a lot of this all around some parts of the country. There are many other examples where the first listed price is nowhere close to the real world. Is it because the brokers don't care? Sellers pay the taxes and expenses, and agents work for free.

Notice how all the 'Quick' replies are 'Agents'.
Talk about Chupacabras!

There has to be more to this.
Go to the courthouse and get all the information you can find regarding the chain of ownership of the house. Forget about the lawyers and the title company for a bit. Just trace it yourself, and you will have a clearer picture of what's happening. You can then get a lawyer or move into your house and let it be a 'civil matter'. Don't forget to get a copy of the police report.

I once had to cut part of a 25-year-old squatter fence to enter and claim the land I bought the day before from the true owners. Police came to my home to arrest me that night for trespassing. I showed them the recorded deed in my name (plus the other prior deeds and tax records) and turned it into a 'trespassing matter' against the squatter. The following week, the squatter removed the rest of the fence and left me alone.

If you must get an attorney, make sure that they have done this before and are not learning on your dime.

Title Insurance companies are willing to, and always do insure 30%+ properties that don't pass the 'Who Really Owned This' before yesterday. Read the fine print of the title insurance. It ain't worth nothing for anything that you can't afford to sue someone for.
What happens if your attorney is a loser?

Do your own research before you buy. 

Very simple.
Look around to see how many (%) Texas-Mexicans are there, or how many new Mexican-Americans will be there.
$$$$$$$

No 'Mexican' being part of the local economy = Don't invest there.
Very simple. It will be soon that way. All the way up to Anchorage.