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All Forum Posts by: Jeff Pancone

Jeff Pancone has started 3 posts and replied 37 times.

Post: Property Condition Assessments

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Hello all, I do inspections with a PCA report included for multifamily companies in Austin, San Antonio, Corpus, and Midland, as well as the outlying areas inside Texas. My fee is based on unit count and accessibly along with other factors such as, do you want roof reports? Do you want a condition assessment on MEP? Below is a general idea on the fees and what's included. Fees are set at a per door price with a minimum of 4 doors required. Example, duplex fee for basic is going to cost $1,500.00 plus expenses, duplex fee for detailed is going to cost $2,600.00 plus expenses. Most reports can be delivered in about 4-7 days after inspection takes place and include conference calls immediately afterward to discuss immediate capital needs or any items that may arise during the inspection that would be deemed relevant to the completion of the deal going hard. Property Condition Assessment Inspection Fee Table Fees are based on a per door rate as follows, Basic $375.00 per door Includes a visual inspection of foundation, exterior skin, common area, site lighting, life safety systems, roof condition (from ground), interior condition assessment of units up to 75% if accessible. Report includes a detailed breakdown of our findings on the condition of the asset as well as pictures and a general capital expenditures budget. Detailed $650.00 per door Includes all items above along with the following, Supporting bids for capital expenditures, detailed roof assessment with safe access to roof supplied by your contractor or ours at an additional cost for their time, MEP condition report, 5 year capital budget. All fees are plus normal expenses for items such as travel, hotel, and per diem to be negotiated prior to inspection date if applicable. Thank you, Jeff

Post: furnace/spce heater

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Depending on the area to be climate controlled, we use these for areas where it's not conducive to install ducting. https://www.gpconservation.com/ductless-mini-split-wall-mounted-heat-pump-air-conditioner-outdoor-unit-12-000btu.html?gclid=CjwKEAiAwZO0BRDvxs_1w-qFnhkSJABo10gg2Zo794IeyAMj4GqYUDJsOoCjcTT_dZL-hkJ9M9mFOBoC50nw_wcB Hope this helps! Jeff

Post: Legal questions for start up

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Thank you Rachel! I'll look him up.

Post: Legal questions for start up

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Hello all, I am getting ready to seek legal council to form my corporations in order to begin buying my first deals. My intent is to buy approximately 4-5 deals this year. Hoping to have at least 24-36 units by the end of 16. I will be owner managing the deals. My first of three questions is, 1) Recommendations for an attorney in the Austin area that's familiar with the multifamily industry and filing for and can recommend the best avenue for corporate status. 2) Should I form two dba's under one corporation? One for the ownership and one for the management? 3) Any advice or if you're a willing participant to mentor someone with over 10 years in the multifamily industry on the construction, maintenance and renovations side? Thank you, Jeff

Post: Fake Lender: this guy is a fraud!

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Sorry for the ignorance here but does a legit company ask for fees and upfront monies to borrow from them? Just me but I would surely be very leery of this.

Post: How to find private money lenders

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Narmina Gasanbek I would like to discuss Texas properties.

Post: Short Sale Question

Jeff PanconePosted
  • Engineer
  • Leander, TX
  • Posts 38
  • Votes 19
Bought my home on a short sale. Be ready to hurry up and wait..... I got a great deal but man it took forever and once we were actually ready to close I had to requalify for my mortgage again....