All Forum Posts by: Jose Harvin

#Gina Williams hope your family is okay.  Question, have you gotten a multifamily unit yet?  Was the business credit enough to put towards a deal?  Can you pull the cash off the business credit card?

@Jamahl Cochran Are you still in the real estate business, how did things work out?...The Guys from Breia are real and legit.  Just reacently did a program with them and seen the evolution of some of their students.  I am currently trying to carve out time from my full-time job with out of state travel every month and start my campaign shortly.  That's it for now.

@Ana G.Hi Ana,

would you mind sharing your JV agreement...I am also in Florida, South Florida to be exact. Do you have any dealings in this area? I am also a newly licensed real estate agent.

get rental properties

Good luck to you on this deal...I am new posting here as well, but it looks like this deal isn't going to make you money until you sell it.  I can make $100 a month selling stuff on ebay and not risk $42k.  If that's your gamble, go for it but I did that back in 2006 and lost...now I'm back but doing deals that either cash flow and/or have an equity cushion from day one (if I put sweat equity in)...a house that is below the median for that subdivision gives me a proven upside value right now.  Again, the market could change if I'm selling 6 or 12 months later.  The prices in 2012 were so low that to build a new one was a lot more, hence appreciation occurred because new people were moving to your area.  If your area has appreciated near or more than new construction costs, the appreciation could slow ( builder could build a cheaper new house, 3 miles away, epsically with Austins wide open spaces), be careful and know whether or not you can carry the property for 3 to 5 years if  things get tight.  Also if your $42k is you only pool of money, know that this is your only deal for the next few years...you may be able to get a 4 plex and have it cover property mgmt and more quickly build up a reserve for capex and if home prices increase, rents will increase and 4 people are paying instead of 1.

9 years later, any change in sentiment about Realty Trac's online offering?

@P.J. Bremner @Christopher Phillips @Jonathan Frazier, spot on with your Analysis on comps.  Love it when I see people with knowledge.  I would add that 4 comps is good to have, drop the lowest and the highest and the price you choose should be well supported.

e.g. $280k, $240k, $228k, $205k - your home should be supported by the $240, if it's very similar, because your home is more newly renovated.

@j scott, quick shout out to J Scott love the books...reading them now (love your logo, who did it?).

Sometimes there's no replacing good ol' sweat equity for finding your own deals.  New Western looks like a way for those with less time (work full-time job) to be able to get deals... however finding them by targeting 5 or 6 solid subdivisions (depending on how large they are) will always keep you in control of the whole deal: focus-focus-focus on an area!!! I gotta keep reminding myself.

Yes, how did that workout for the woman with the original post.  I met with a agent in the Tampa Florida office this past weekend and all seemed good.  Need to see the properties they provide and will know better in the coming weeks/months how workable the deals are.

I am reading J Scott's book now.  I am seeing a theme, account for the items that make the house habitable first - roof, foundation, HVAC, electrical, plumbing, windows and then move on the to the rest (new kitchens and baths, flooring, paint, drywall, accent pieces, etc...).