All Forum Posts by: Stephen Bianes

I see where you're coming from. I can confidently say that you won't have trouble finding a renter for your single room.

Hey Stephanie! What I did with my househack my I checked the average 1 bedroom/ 1 bath rentals in my immediate area. That gave me an anchor wherein I offered a little bit lower compared to the average then threw in "all utilities" paid. Had 22 inquiries in less than a week.

Nothing yet as of now but actively searching and being turned down. 

Congratulations on this! Hope you celebrated hard after this! Such a WIN!

HELP!!! Hey everyone I listened to an episode (I forgot which one it was and I can't track it) wherein brandon suggested using the wholesaling calculator to compute for your maximum allowable offer. If you're reading this and you use this feature do you mind walking me through it and giving me tips? I'm currently using it for that purpose but feel like I'm doing something wrong. Any assistance is appreciated. Stay safe everyone!

We’re currently looking for a general contractor who 

- Has worked with real estate investors before

- It’s a plus if they are investors themselves

- Must provide at least 5 references 

- Must be licensed and bonded

Plus if you know any general contractors that can't be trusted please message me or post it here so investors can steer clear of them.

Hi everyone! We’re close to getting an offer accepted. It’s on an off-market single family property. The property owners acquired this home secondary to a lawsuit, at first they wanted to flip it but it’s been 10 months now and they still haven’t done any improvements. It so happens that the owners and I share an agent hence the lead. 

Our intentions for this proeprty is to BRRRR it. My question is what are the next steps that I should anticipate. Because in my head these are the following steps, feel free to educate me if I'm missing anything:

1. Once the offer is accepted then

2. Complete the contract with the purchase price agreed with the following stipulations:

    A. Option period of 8 days to do due diligence with option

    B. Title search and insurance to be paid by seller

    C. Closing cost is shared by buyer and seller

3. Use 8 days to have house inspected and appraised (to pre-empt future appraisal with the intentions of cash out refinance in 6-7 months) 

4. Once everything is to our liking go close on the property if not renegotiate.

Good morning! I've read from some of our fellow BPs that obtaining a code violation list can be a good source of leads. My questions are:

1. Which type of violation converts to a solid lead which then turns to an acquisition?

2. What other type of public record lists do you suggest that has helped you in the past to generate leads?

3. By any chance has anyone of you pulled a complete data of residential properties (property address, owner, mortgage amount and sq.ft) from the Bexar County Appraisal website? If so can you show me how? The reason I'm asking is because I watched a guy on youtube do a step by step procedure on how to acquire this data from his County Appraiser's website up in Dallas. From that public data he was able to filter on to his specifics.

Thanks you for your time and stay safe!

Hey Lee what's a stabilized value add? Thank you!

What was your monthly payment on the HELOC? My heloc requires me to pay$14 per $1,000 draw, how about you? The reason I'm asking is I want to see if we can get a better deal with a HARD MONEY LENDER.