All Forum Posts by: Account Closed

For a person new to the area - you absolutely nailed it.

Hello BP Family

Does anyone have a great recommendation or referral for a real estate attorney?

Needing to review legalities for a private lender and draw up documents that outline our potential deal and partnership.

Has anyone had great experience with a lawyer they would work with for a lifetime?

Thanks

How does one compare the price between a sfh and a duplex with the same square footage, and finishes in the same neighborhood? The goal here is to analyze the value of a duplex surrounded by SFHs. Should I expand the search radius to find other duplexes to do a proper analysis of the comps?

Also - how do you compare the price between a sfh and a duplex with the same square footage, and finishes in the same neighborhood?

Seth Nadreau I understand that interior finishes and the breakdown of the space used can be a big differentiator (a large living room is worth less than a living room + additional bedroom or bathroom) — but are there other reasons someone shouldn’t considered price per square foot?

Needing guidance on a potential opportunity to help my grandmother.

She wants to sell her 2 bdrm + 2 ba condo in a (C+ - B-) neighborhood - (The Wingate Condominiums) in North Dallas. If you're familiar with North Dallas - it's near Walnut & Audelia :/

Her condo is in need of a full interior renovation, but she doesn't have the money for additional improvements.

Comparable condos in her neighborhood are currently selling for $90K+ (after renovation)

Questions

1) What is her next best move if she still owes 67% of the loan?

2) Should I pay for the renovation and help her sell?

• Should I use my own money or are there other options?
• If I help her sell - how do I estimate a fair return for both of us?

3) Should we renovate, hold and rent the property out?

• Less inclined to do this option, as neither of us wants to be landlords

4) Should I offer her a fair price for what it's worth, then buy, fix, and flip?

Additional suggestions are more than welcome.

Thanks in advance!

BP Family - needing guidance on a potential opportunity to help my grandmother.

She wants to sell her 2 bdrm + 2 ba condo in a (C+ - B-) neighborhood - (The Wingate Condominiums) in North Dallas. If you're familiar with North Dallas - it's near Walnut & Audelia :/

Her condo is in need of a full interior renovation, but she doesn't have the money for additional improvements. 

Comparable condos in her neighborhood are currently selling for $90K+ (after renovation)

Questions

1)  What is her next best move if she still owes 65% of the loan?

2)  Should I pay for the renovation and help her sell?

• Should I use my own money or are there other options?
• If I help her sell - how do I estimate a fair return for both of us? 

3)  Should we renovate, hold and rent the property out? 

• Less inclined to do this option, as neither of us wants to be landlords

4)  Should I offer her a fair price for what it's worth, then buy, fix, and flip?

Additional suggestions are more than welcome.

Thanks in advance!

One of my biggest questions going into my first purchase is, how can I get my second, and what does that timeline look like.

Hey Ben

Congratulations on the purchases! 

Can you share a little bit about the "seminars" you've learned from with your purchases?

I haven't made the leap yet - but would like to know what I should consider as I am looking for a property now.

Thank You

Hi Syed

I'd be happy to link for a coffee - I've had several bnb's throughout the city.

I wouldn't be much assistance regarding laws and regulations, but I'm fairly knowledgeable about the most attractive neighborhoods, and revenue potential.