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All Forum Posts by: Kristin Flores-Brockman

Kristin Flores-Brockman has started 2 posts and replied 77 times.

Post: Room NO Window Can I Rent as Office Space?

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49
Quote from @Maria Mora:
Quote from @Kristin Flores-Brockman:

How many beds and baths in the house and where is it located? 

Biggerpockets didn't let me put Corpus, but its located in Corpus Christi Texas 1542 Sq feet in main house. 682 Sq foot guest space. Main house is the concern. Was counted as 

 3 bed, 2 bath. Realtor just told me now they may say it's considered 2 bed, 2 bath. Which brings up another set of questions.

When I go to rent, will I receive less rent bc its only considered 2 bed 2 bath instead of 3 bed 2 bath? I would like to know if theres a way to word it to where I am providing a space, but it is not considered a bedroom due to no windows and I am not legally bound to whatever the tenant decides to use it as.


 Ahh Alright.

I am not familiar with that market. I am in DFW. However, I would list it as a 2bed/2bath with a Bonus room. There is a lot of value with bonus rooms, that allows people to do what they wish with the room. There are a lot of people working from home and/or home schooling and looking for a room that would work for them. Also, people look for a game room or something for guests. 

Take good photos and write a good description and you should be fine. 

Post: Room NO Window Can I Rent as Office Space?

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49

How many beds and baths in the house and where is it located? 

Post: Mail listings for finding deals

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49

You can do EDDM or most mailer companies also sell lists.

As a realtor, I have access to a lot of lists and information. I'd be willing to partner up.

Post: Tenant screening with child support

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49

Just to reiterate what everyone else has said, anyone 18+ needs to fill out a separate application and be screened. 



I'd also like to note, using a Realtor can be a great advantage when it comes to renting your property. I help maximize and schedule showings, communicate with other agents and tenants, and provide access to promulgated paperwork and full transaction management. Just to clarify, this isn’t property management; instead, I focus on making the process smooth and stress-free for you.

Post: Considering turning rental into Section 8

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49
Quote from @Kerrie Godwin:

Hey there! I purchased my first rental property and it needed a complete renovation. The renovation is complete and the property has been on the market to rent for about three weeks. I have only had one person interested. She liked the house and said it showed well but found another option that worked better for her family. I am considering switching it to a section 8 rental. It looks like I can get more rent per month from section 8. Does anyone have experience setting the house up as a section 8 rental and what has your experiences been with section 8? Thank you for any advice or words of wisdom! 


 Do you mind sharing the address with me?

I am a Realtor in DFW. Rentals go fast in this market UNLESS 1. there is something wrong with it and 2. it's priced too high

Have you listed it on the MLS? That will help get more views and weed out scammers. If you're not already using a realtor, I'd be happy to help.

Post: North Texas - Ready to Get Started!!

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49

There are a lot of factors to consider here, but if you can keep your current residence as a rental, I would do that, possibly even a STR or MTR.

Post: Should I wait until 2025

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49

I would say to definitely not wait. People are always looking for a rental, especially if you can have a lower priced rental. People are struggling right now trying to find rentals between $1,500 and $2,500. 

I am a local Realtor, let me know if I can assist you in any way.

Post: Newbie Investor - Wanting to start in Small Multifamily

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49

Definitely a great option! How soon are you looking to buy and do you know what areas?

Post: Thoughts on selling or LTR my residence

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49
Quote from @Marc Brundige:

I am seeking advice on what to do with my current residence.

I am 60 years old and looking to downsize. The question I have is, do we sell the house or keep the house and rent it out?

Details

2,819 SF, single family residence, 4 bedroom, 3 bath house, with a pool

The house is in a very desirable location.

Market Value - $950,000

Mortgage Balance - $226,137 (10 years left)

Martgage Payment - $2,250/mo

Interest Rate – 3.5%

Average Rental comps - $4,430/mo (looking at the comps I think it is above average)

It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate. If I sold, I could be debt-free and have extra money each month to invest elsewhere. If I keep it, in ten years it will have possible appreciated to $1,400,000 now free and clear.

Thoughts?


I think it all depends on your situation. Do you need the cash upfront? Do you want to take on the responsibility of being a landlord? There are definitely pros and cons to all situations, you would just need decide what is best for you.

Would listing it as a mid-term (traveling nurses, doctors, business professionals, contractors, etc) or a short term rental be an option? 

Post: Advise on potential opportunity

Kristin Flores-Brockman
Posted
  • Real Estate Agent
  • Fort Worth, TX
  • Posts 84
  • Votes 49
Quote from @Néstor Orlando Pimentel Solorio:

I have the opportunity for a cash offer where the property has great up side once it is renovated.

We can get in to the property no problem since we have the cash, the issue is how to finance the repairs and renovations since we just got started on the business and no longer have a w2 or 2 years income under the LLC?

If we could prove out income I know getting money for the renovation with the property as security would be no issue, any suggestions? 

Also we could use a family member LLL for this but I am not sure how all the tax situation can get muddy…


thanks 



 Hey Nestor, I am a local DFW Realtor and I have some great contacts to get a hard money loan. These lenders will assess your situation and provide you with the best solution, they're all local as well. No 800 #s and no service centers. Let me know if you need their information.