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All Forum Posts by: Carolyn Lorence

Carolyn Lorence has started 12 posts and replied 149 times.

Post: Is 5.50% a good investor interest rate?

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

@Rhondalette W.  I agree with others that 5.5% seems very high. Have you plugged all your numbers into the rental analysis calculator tool?

Happy Birthday @Brandon Turner

You're the son most of us over 50 always wanted!! :) 

Post: In search of GC for rehab team in Georgetown, TX

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

Hi BP!

I'm seeking general contractors experienced with single family rehabs in the city of Georgetown, TX.   Please reply here or PM me if you are interested in joining my team, or you can offer a great recommendation.

Thanks much!

Post: Unauthorized occupant in property

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

@Hattie Dizmond

This is surely perplexing!  I'm curious though because I have zero experience here, and I love learning how to resolve a difficult issue.  First - when is the anticipated court date for the eviction, and if successfully evicted, is the occupant removed immediately?

Second -  is there not recourse for the original criminal fraudulent action this woman took by forging signatures, etc?  If there is proof of this, will it be presented in the eviction hearing?

Third - just doing some very cursory research brought me to the infamous north Texas squatter story and the obscure Adverse Possession law.  Is the crazy lady smart enough to attempt this? I found this brief summary via FindLaw and wonder if it is relevant here:

"Texas law states the squatter must actually use the property consistently and visibly for a period of time without the owner trying to remove the squatter. The squatter must claim a right to the property. Joint use or a belief of ownership is not a qualifier. In Texas, there are four statutes of limitation. Each statute's requirements are different. There are three-year, five-year, 10-year, and 25-year statues. These statutes don't include any periods where the owner was legally disabled."

Thanks for posing a conundrum!  I know my response isn't exactly the advice you're seeking, but in brainstorming, maybe there's a nugget somewhere!

Post: Determining rental saturation of a neighborhood

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

@Jane George

I posted a reply earlier with a link to a sample report I pulled on Neighborhood Navigator, and for some reason my post was removed.  Not sure why - but that's the site I go to for this information.  The URL is Onboardnavigator.com

Hope this helps!

Moderators: if you remove my post - please explain why.  Thanks!

Carolyn

Hey! Congratulations again on a major milestone!!  You've earned every pound of the trust of your members with your high level of integrity, honesty, generosity, creation of business tools, and your nonstop support for all of us!   We are so lucky to be a part of your world.

Keep climbing!

Post: Co-Working space

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

@Tradd Bastian 

Hi Tradd - I know this is an old post, but I came across an article posted today in the Austin Business Journal on the topic of co-working space and thought you might be interested.  I've also been considering this concept here in Round Rock, since Austin is not convenient for me on a daily basis. I did a search here on BP and your post showed up.  I think there could be some merit to a smaller model in my location.  Obviously job-growth and entrepreneurship are key to success.  The article is subscriber content only, so I can't link to it from here, so I'll send it to you in a separate email. Also, the company cited is WeWork.com if you care to check it out.

Also - I'm firming up dates for our April Charleston visit and will get that to you shortly.

Post: Flooring contractor and finish carpenter recommendations - Austin/Round Rock, TX

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

@David P. 

Thanks for your response and advice - it is well taken. I actually did post this under the Contractor forum as well. Many of my local REIA colleagues post here too, and this is just another way to reach out. I do have access to vendor discounts through my local memberships, but always looking for new recommendations.

Thanks again for taking time to reply!  Best to you, as well.

Post: Flooring contractor and finish carpenter recommendations - Austin/Round Rock, TX

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

Bump up - also looking for interior paint contractors - Round Rock, Georgetown Texas area

Post: Austin/Round Rock, TX Flooring contractors and finish carpentry

Carolyn LorencePosted
  • Home Stager
  • Sussex, WI
  • Posts 170
  • Votes 63

Bump up - also looking for interior paint contractors.  Round Rock, Georgetown areas.