All Forum Posts by: Marshall Hooper

@Cameron Philgreen

Where did you see the stat that Waco has the 2nd most visitors in the nation? I can see maybe in Texas, but definitely not in the nation. Maybe Top 20 or maybe it’s on a per capita basis.

@Nicole Dechow

Yes. It’s called a Sub 2 with Seller Carry. He’d be in second lien position

@Nicole Dechow

His mortgage company is 1st mortgagee and they also need to be listed as Additional Insured

@Rickey Wallace

I answered your question in my original post. In Texas, we can disclose in the contract if we plan on marketing the property before the close date.

@Rickey Wallace

The riddle is incomplete, Robin

You’re giving advice based on your own states law. Might be good advice for your state, but it’s bad advice otherwise.

@Nicole Dechow

You’ve got about a .03% chance of the DoS being exercised. Biggest reason this can happen is if you do the insurance improperly.

@Rickey Wallace

It’s not illegal to list an assignable contract if it’s been disclosed to the seller

check out the roughneck to real estate group on facebook

what brought you to waco from Houston?

There's better student housing areas out there than Waco and Baylor. Cap rates around the college are tiny so you won't cash-flow much unless you're putting 25-40% down. Management fees are between 6-10%

The real money in Waco right now is Airbnb near downtown. If that's your bag, I've got a 2/1 off of Elm St. near Downtown that has a view of the football stadium. The area is being gentrified due to the tax incentives Waco has been pumping to commercial developers on that side of the river. Let me know if you'd be interested and I'll give you the address.