All Forum Posts by: Karen Morgan

@Ronald Keene

@Alden Simpson

I use Podio and Globiflow and love this idea.  I'm working to set it up, but can't seem to make the code from your (Ronald's) workflow work for me.  In the variable creation action, it won't let me choose field names from the original app; only the Seller Lead app.  What am I missing here?

Any interest?  If you put in all cash, should get you over 8% return for a buy & hold in Texas.  

PRICE UPDATE:  dropped to $200k.  Still need offers by NOON on Monday, March 14th!

Update:  I found a very helpful, investor-friendly realtor in Wimberly.  Feel free to contact me if you need a contact there!

UPDATE:  I found comps (and a friendly local, investor-friendly realtor!  If you need realtor for later in Marble Falls, I'll pass his info along!):

Leave as a 2/1.5, ARV $100k-105k. Rent comps $1100-1200/mo

Convert office off kitchen to bedroom making a 3/1.5, ARV $105-115k. Rent comps $1200-1300/mo

I'm getting a property under contract for wholesale and need help from a Wimberly-based, investor-friendly realtor.  Any suggestions on someone who can run comps (sales and rental) for a property?

Thanks in advance!

Other details I forgot to mention in my haste to get the deal posted:

1.  It's been vacant for 6 years; However, just recently turned off the power.

2.  Leaky roof in living room.  There's a cooler on the floor to catch drips.  Coming out of air vent.

This lot is NOT waterfront. Waterfront ARVs running $260k and above. Literally can't find comps for this property...sales or rental. All properties that sold on MLS were waterfront.

It does need a full gut and rehab, likely including plumbing & electrical.  Built in 1960.  2 small bedrooms. 1.5 baths right next to each other in home.  Assume you would demolish sunroom that seems to be included in square footage.  Located in Burnet County.

I can send photos to anyone interested...may find a place to house them online for easier viewing.  I can also get you into the home.

Other consideration: per HOA rules, this home cannot be a temporary rental of any sort (seasonal, airbnb, etc.).

Deal needs to move fast.  Inspection period ends on March 15.  Must close on/before April 7th.

Send me your offer!!

New Off-Market Wholesale Deal in 78741 - over 16,000 sf lot!

508 Thrasher, Austin, TX 78741

There is a 2/1 on this lot, but looks that best future development opportunity would be to scrape old home and build new homes.

• Existing Home is 950sf, 2br, 1ba. Built in 1945. Good condition. Expect a scrape for best opportunity here.
• Lot is 16,866sf. 84' on front, 200' in length
• Future Land Use (per CoA): Single Family
• Zoning: SF-3-NP (zoned per Montopolis Neighborhood Plan...see link below)
• ftp://ftp.ci.austin.tx.us/npzd/Austingo/montopolis-np.pdf

Please do not visit property. Let me know if you'd like to schedule a site visit.

Highest offer gets the contract. Offers due by NOON on Monday, March 14th.

Do your due diligence. All data provided is for informational purposes only.

This home is currently under contract for wholesale.  Great buy & hold opportunity in Texas.

Estimated repairs (none are crucial) = $4-6k. Total all-in for approx $56k gets you 13% CoC.

Last renter was 2 months ago.  Owner is tired of being landlord.

Built in 1973.

Rental info seems to show window of $845/mo to $915/mo.  If you can keep getting $900/mo now, you may not want to bother with repairs.