All Forum Posts by: Jeff Schwarz

I forgot to mention about Legal Shield, if you need work they cannot do for you then they will recommend a local attorney to you and you will receive a 25% discount because of your membership.  

For checking contracts, agreements, etc it is the lowest price to use Legal Shield.  For local work you can find any attorney who specializes in real estate.  Not just any attorney who says they do real estate but one who specializes.  If your in two states again you might want to check out Legal Shield as they have attorneys in 48 states plus Hawaii.  They only charge $19.95 per month for membership and you can get any number of contract reviewed fast.  www.legalshield.com/hub/kj 

Sure, i'm an investor and a funding agent from Arlington.  Give me a call anytime.

jeff

Just my opinion, KW is a great place for Realtors to be inductronated to the thinking of Realtors but not for investors.  Investors that keep their license at KW or other large firms are more than likely experienced Realtors and investors.  Most all the big real estate companies have their own way of doing things and they insist on your following their lead.  My suggestion is find a small local type company, interview the owner who more than likely is the broker, find out what they expect from you and what they can offer to you.  The most important person in this being a Realtor business is you and your prospects and customers so you want backing and education without the "have to or else" mentality.  

Everyone is right, meaning lots of pros and cons to consider about putting panels on rental properties.  If I owned rental properties I am not sure if I would put them on.  Lots to consider.  As for the 30% from the federal gov it is as a tax rebate.  Locally you might actually get a check if an incentive is available.  As for damage to the panels that is almost impossible unless tornado fire etc.  They are very durable, more than most people think.  Also you should add them to your homeowners policy plus they are warrantied usually for 25 years. Increase home value is partically dependent on the experience and knowledge of the appraiser but it stands to reason if you spend $10,000 to $30,000 for a solar system the value of your property should go up.   As for creating excess electricity that does not usually happen with most systems because for  a lot of reason most systems do not create 100% of needed electricity in the first place. In most areas excess goes into the grid and your meter runs backwards then when you need it your meter is running forward again.  No credits and no checks in most areas and states.  So it is like a lot of things with property such as carpet, concrete drive, etc, you can provide it or not but if you do you should charge more rent to cover it.  

Yes Trevor in most but not all cases solar is cost effective.  While we have good low rates here in Texas we can still do better.  A friend of mine in Dallas is having solar installed and his projected savings over the next 25 years is over $75,000.   No money down, low monthly payment that replaces most of the normal electric bill.  As for a rental property we only work with the owner of the property however the home is still on the grid and will have a small bill that the renter can pay.  If you install the solar system you could charge the renter the same as your monthly payment for the solar or a higher price since you are in the profit business with the rental.  Just add it to the rent price.  You will have no upkeep since the panels and equipment are warranty for 25 years as well as monitored.  Also you would receive the 30% federal tax incentative and any available local incentatives.  We, like most solar companies, do free assessments for homes and commercials to see if the property and the owner are qualified for solar.  One more thing, according to research by independent agencies the average homes go up approximately $3.75 plus or minus for each watt of solar that is on the house.  The average home in America is a 6,400 watt system so it goes up about $24,000 the moment the switch is pulled and the home is solar.   Also keep in mind that owning is better than a lease program.  

As and agent for a small number of HML'ers they always want you to have a contract first then get the funding. I know that makes it harder but they are so busy with potential deals to fund that they do not want to or like spending time on "maybe" deals. One suggestion I have is to establish a line of unsecure available funds to draw from when and as needed. This works great as long as you have the ability to use it wisely. For info please feel free to contact me.

Congratulations! That is a real accomplishment Tawanna.  As a funding agent for investor properties and having been involved in real estate for over 20 years I know how hard you worked.  

I don't know why your Mr. Abel is or what his intention were. Perhaps he didn't understand himself or perhaps he was looking for someone to invest in his needed rehab. Renovation Funders is free to join and free to participate. Basically it is a databank of sellers, investors, and referrers all linked together. you have a house for sale, it could use some fixing up, put it on the site and perhaps an investor will be in contact with you to become a JV and pay for the rehab in return for profit at closing. pretty simple and much needed as a tool by anyone involved in real estate. At least that is my opinion. Join for free and place it in your toolbox of tools to use in your real estate business. Jeff http://RenovationFunders.com/referrers/577 I hope this helped. They short videos on their website should answer all your questions.

if their local to you and can sit down across the table from you in neutral territory (restaurant etc) then I would meet and ask my question and see what they want. sounds like you are like most and need a local mentor who assists you and gets paid as a JV to your deals for x period of time. just my suggestion.