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All Forum Posts by: Jeff Pancone

Jeff Pancone has started 3 posts and replied 37 times.

Post: Beginner in Austin Texas

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

Welcome Paul,

I'm In Leander as well and have been on the property management side for years and recently decided to invest. I'd be glad to network if you're interested.

Post: Investor in San Antonio TX

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

Welcome neighbor!

Post: Central Ac / Heat

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

I would say used with that expected hold time of 5 years but only if there is going to be at least a 12 month labor warranty. Most compressors carry a warranty already if you can get an honest contractor to push the warranty through if you have a compressor failure. Too many variables in the other components to give you a solid answer but my guess is that you'd be fine pocketing the extra 2k. Even if you had a normal service call with repairs on a 3 year old system I doubt you'd spend that 2k on the repair.

Post: Introduction

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Welcome to you both Jim!

Post: Newbie in Los Angeles investing in Texas

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Hello Kevin, Welcome to the market area! I'm in Austin and work as a director of renovations for the United States largest multifamily management company. I am also looking at investing in my first multi unit property this year and would love to discuss opportunities if you have an interest in networking here.

Post: New to REI from Georgetown/Austin, TX

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

Hello James!

Keep me in the loop if that comes to fruition. Please.

Post: GAS or ELECTRIC appliances

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

Personally if it's low income I would leave electric. This lightens the burden on the resident on one less deposit in most cases when turning on utilities at the same time saves you the added expense of the gas appliance. Just my .02 though....

Post: Cracks in exterior brick walls...structural issue?

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

Nick,

It's almost impossible to determine from just these few photos but normally cracks in the mortar joints are signs of building shift which could be due to foundation movement or possible water intrusion. I do notice a couple of items here that would lead me more toward the water intrusion direction.

1) Brick appears to be wet in some of the areas in the center of the first photo

2) Foundation at the earth is covered by debris. This area should be at a minimum 4" below the last corse of brick which will reveal the concrete foundation or cmu block depending on the process used to build the basement walls.

Finally,

In the first photo I would also be suspicious of the fact that there appears to be newer windows, facia, drip edge, and possibly a newer roof. These are all signals that there may have been an issue with moisture. 

I would be curious if you can tell if the interior walls have recently been paired as well?

I also suggest looking in the attic at the underside of the roof decking for signs of water staining as well as newer looking sections of decking. This would surely confirm the reasonable suspicion of water damage at some point.

Sorry so long winded but this is not a simple one answer type question...

Jeff

Post: New to REI from Georgetown/Austin, TX

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

Welcome to you and your husband Poem!

Lots of great info here. Enjoy and best of luck on your future investments.

Post: Hard Money In Texas

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19

I would like that info also please.

Thank you!!