All Forum Posts by: Mak K.

I am from Houston, TX and decided to build a home on a lot and rent it or sell it. I have enough experience renting / Mgmt.

I am having issues finding the right lot / location. Either the lot are cheap but, in an area, where it's all run down homes or too expensive. My goal is to build a budget starter home to get a feel of the process.

There are few towns in Houston Surrounding where I can get some lots but not sure how is the market in small towns for renting/sales. 

Anybody from Houston area who can guide me some locations to look into? Or any tips or advice? I want to keep it as low as I can as my budget is starter homes.

One insurance claim and it will pay for all the premium you paid in last 10 years most likely.

Commercial liability will only cover liabilities like lawsuits right? It wont cover wind hail fire or water damages etc? Are you saying you only have liability and NO Landlord policy?

I am from Texas. When application was made tenant was I am not going to to have my puppy with me so do not need pet fee or application etc.

First month and I find a dog in the house which is 50lb. Now she claims it’s a service dog because his husband is vet and she should be legally allowed to keep the dog and does not need pet fee or pet deposit or monthly pet rent. 

She is arguing about the law. 

What does law say? If you allow service dog, you sure need to pay a deposit , application fee and monthly pet rent correct? How do I deal with her and is it a lease violation? I would be glad to kick her out if she doesn’t follow lease and lies

I am doing my homework and research. I have a opportunity to have a 1 AC lot ( Current price, $190K) in Houston area. I was wondering how should I do high level estimate on cost of construction for homes. Plan is to develop and sell the homes. Usually how many average starter homes 1800 SF - 2000 SF homes can you develop after driveways etc. Also would love to know from other members how much they spent on the last project and what is a good contigency to put on the final cost for a first timer.

Hi,

I am active real estate investor. I am also a realtor which has helped me in the sense it makes it easy to see houses. I do qualify for being a broker which comes with some additional education etc.  I am not interested in actively as realtor to help home buyers but may look into helping investors for buy/sell/lease.

I wanted to hear from you all who were brokers, did it add value? Did you get a advantage and how did it helped. Sometimes I do understand in day to day you do not get advantage, but there is always few instances where you may have felt it just was worth and paid for it to have a broker license.

Doing few roof for single family homes in Houston. Are $300/squares for GAF HDZ good rates. Homes are double story standard homes with around 21-24 Squares. Are $300/Square competitive rates for GAF HDZ. Trying to get market rates. It's my first time for the roof. I understand there are other factors such as pitch etc. but i am trying to get ballpark range. 

Hi,

I did a new roof on a rental property. I am from Texas/Houston. The roofer gave me a invoice with high level bill of material, and a statement that it has 2 years of warranty and brand name of the shingles.

It does not say brand name warranty or model or batch number etc. 

Question What does a roofer invoice consist of? And the GAF shingles comes with 25yr warranty. Do they provide any paperwork or registration etc? Is Shingles warranty worth it or next to impossible to claim it?

If you near retirement, I would just save in stocks and enjoy the dividend while keeping the nest principle.

after certain age, decision making is difficult so stocks easy to manage. Also no hassling with tenant , insurance or calls