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All Forum Posts by: Mark Buskuhl

Mark Buskuhl has started 6 posts and replied 61 times.

You don't say if this is residential or commercial but I think you have MFH. 

I just had interior demo done on 20k sf commercial building built in 2008. No lead test required but spent almost $2k on asbestos reports and yes they found some. Mirror mastic had asbestos. Reports required by the city and it's a state requirement. 

1985 would make sense to trigger a lead test. 

Post: Kelton Todd Coaching

Mark BuskuhlPosted
  • Investor
  • Plano, TX
  • Posts 61
  • Votes 48

Originally posted by @Clifford Walker:

Hello Everyone,

I decided to do Kelton's coaching/mentoring program back in March. I didn't really know anything about real estate, and "YouTube University" can be very overwhelming with the all the different information floating. So when the opportunity came, I jumped right on it. I can't speak for anyone else, but the last 6 months has been awesome for my family and me.

Kelton's has given me straightforward direction, guidance, and accountability. Please know that I didn't play around with the program... I hit the ground running... I wanted to get deals quickly to make the money back that I invested and then some! I am glad to say that I have! 

I have been able to do several wholesale deals, get one cash flowing property working on a 2nd, also moving into the fix/flip side of it. With Kelton's program, I quit my job as a truck driver within 3-4 months. 

He has also connected me with private money lenders that give me a MUCH better deal than hard money lenders. Overall, my experience has been WELL worth it and would do it all over again! If you are a go getter and willing to work hard, you can be very successful.

-Clifford "the Cowboy Closer"

Your very first and only post on this site is an over the top review for Kelton Todd Coaching? On a post with no activity in 2 months? I don't think so. This has fake review written all over it. 

You might try www.texasinvestmentnetwork.com

Post: Arson at Rental House

Mark BuskuhlPosted
  • Investor
  • Plano, TX
  • Posts 61
  • Votes 48

The house is in a subdivision in North Texas. It happened around 2pm on a Saturday. The house is insured. Tenants and I have an excellent relationship. No contractors have been at the house in over 2 years. I think it was neighborhood kids who thought it would be fun to light a wicker chair on fire that was on the porch. Could have killed the wife and baby who were asleep as the husband was gone. 

Post: Arson at Rental House

Mark BuskuhlPosted
  • Investor
  • Plano, TX
  • Posts 61
  • Votes 48

A SFR rental I have was the victim of a small arson fire. Porch was set on fire, burnt some siding, railing and caused a window to shatter. Suspects not identified yet.

It is tenant occupied and tenant was home at the time asleep with a baby. Fortunately a neighbor alerted them and they were able to extinguish with a garden hose. 

Who is financially responsible for repairs? Tenat or landlord? TAR lease.

Post: Preexisting issue not disclosed by seller

Mark BuskuhlPosted
  • Investor
  • Plano, TX
  • Posts 61
  • Votes 48

If the plumbing was not installed correctly how did it ever pass city inspectors? 

Was work done that required permits without permits? 

What exactly was not installed correctly?

This definitely sounds like a waste of time and money trying to go the legal route.

Originally posted by @Brad Crumpton:

Almost everyone here has mentioned a wholesaler.  How do you get in contact with these people and what do they do?  

In theory a wholesaler is an individual or an entity that sells houses at wholesale rather than retail price. 

You can find them through signs on street corners that commonly say "Fixer Upper...", "Attn Investors..", Craigslist, REI clubs, Meetups, etc. They can range from novice investors looking to assign a contract to entities that do nothing but flip houses to investors.

Two bigger names in DFW that come to mind are Net Worth Realty and New Western Acquisitions. It's also a way for individuals to start out with little to no money as their sole purpose is to find a deal and then assign it to someone who has the funds to actually do the deal.

Wholesalers will either assign a contract or do a double close. The deals can come from MLS or off market listings.

A word of caution - it is very important to run your own comps and do your own rehab budget. Wholesalers like to give you a CMA over inflating the ARV and under estimate the rehab.

Personally, I've never bought from a wholesaler. Got tired of the BS numbers that were always being pushed. 

That's interesting as I just saw on the news the other night ...

The Dallas/ Fort Worth area is the fastest growing metropolitan area in the country, according to new estimates released by the U.S. Census Bureau.

http://www.fox4news.com/news/census-report-dfw-metroplex-is-the-fastest-growing-in-the-us

I wasn't able to read your story as the link requires a subscription. 

Post: Tax Sticker shock/ How to value a Duplex

Mark BuskuhlPosted
  • Investor
  • Plano, TX
  • Posts 61
  • Votes 48
Originally posted by @David Woz:

First, any advice on how to dispute, would be appreciated.  Has anyone actually paid for a professional appraisal?  

I have always used O'Connor and Associates which is probably the largest property tax protest company. It's a no lose deal, I just pay them 50% of whatever they save me. In the past I protested myself but over time found the CAD appraisers are more inclined to negotiate with a tax protest company than me as an individual.