Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sharon Tzib

Sharon Tzib has started 118 posts and replied 775 times.

Post: New Member From Houston, Tx!!!

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Hi Lashinda! I'll be moving to Houston at the end of the year to re-start my REI, specifically multi families. Good luck!

Post: Need Help Figuring Yield Please

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Dion DePaoli thank you very much for the explanation of yield and other calculations - I was quite confused by Kenny's reply, but you cleared all those errors up.

I was wondering tho - am I doing the math wrong? Wouldn't the yield in your above example be 26%? Thanks again.

Post: What size complex would have an on-site manager?

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Richard, Google "apartment manager jobs city state" and jobs of this type will come up on www.indeed.com etc.

Post: Property Management

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

There's a questionnaire for this purpose in the BP Resources File Place.

Post: Refi and finding another unicorn

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Hey Erin! Congrats on your purchase. I can't really speak to your financing out of a FHA loan, but I'm curious as to what you feel has attributed to the large amount of appreciation ($111K if we use the low number of $480K) over such a short period of time, since you've only invested $20K since purchase on renovations?

Also, I noticed in your HVAC forum post you stated you pay for the electrical. I don't think you factored that into your cash flow above (or any other utilities you may pay). That's gonna take a huge chunk out of your bottom line - are your units separately metered? If so, you should change the leases soon as they come up for renewal to have the tenants pay for that.

Good luck!

Post: RFP for Central HVAC replacement

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Sears will come to your units and give you a free estimate

http://www.searshomeservices.com/central-heating-air/improve

BTW I don't work for them or know anyone who does. I just had them quote on windows once for a rental I own. Process worked smoothly.

Post: Hello Everyone from Dubai & DFW

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Hey Eric Tait! I'm in Placencia, Belize right now. Lived on Ambergris briefly before. Heading back to Houston end of the year to restart my REI efforts. We'll definitely have to hook up some time.

Post: RUBS for Apartment Building

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

This is why I love BP!! Didn't even know such a service existed. I agree, separately metered is preferable, but if a building makes sense in every other way, good to know there's an option to mitigate the lack of separate meters. Very cool stuff!

Post: Trying to move up to apartment complexes

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

N/A N/A took the words right out of my mouth. Why are you trying to take such a huge leap? Why not move from SFR/Duplex/Triplexes to 10 units? In your market you could buy one for $350K, leaving you 15% down and enough for reserves/closing costs.

Then, once you have one multi under your belt, you would probably find it easier to find a money partner to help you buy larger units. Baby steps might be more prudent in this situation.

Post: Buying properties at the Harris County Constable's Auction

Sharon TzibPosted
  • Real Estate Broker
  • Cypress, TX
  • Posts 802
  • Votes 454

Texas is a non-disclosure state, so I've been told any of those comp sites are using fancy algorithms to come up with their numbers, and that the only thing you can really trust is the MLS.

Eliza, how come if you're a broker you can't pull your own comps? I would think that would be a huge advantage for you.

I'll be moving to Houston end of year - we should stay in touch.