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All Forum Posts by: Arissa Pedroza

Arissa Pedroza has started 5 posts and replied 142 times.

Post: Does anyone have a recommendation for a broker in Ft Lauderdale

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

I am looking for an awesome broker in Ft Lauderdale who can assist in selling a marina - any recommendations??

Post: On a 203k loan is it common to ask the contractor for receipts?

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

Oh wow. What HUD requirements were needed?

Post: Lone Star Development in San Antonio

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

Hello from San Antonio.  Yes they are expecting that area to be gentrified so my advice to you would be to purchase properties there as cash flow until the market supported a massive jump in pricing due to demand and then flip and sell.  I don't expect that to happen anytime soon but if you want to not gamble, cash flow is a good option.

If you are looking for an off market property you can contact several wholesalers and let them know what you are looking for OR (my fav) go driving for dollars in the neighborhood you are looking at.  Find these crummy run down homes and seek out the owners on BCAD - Bexar Tax Assessor website and contact via mail

Post: On a 203k loan is it common to ask the contractor for receipts?

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

A budget is a budget.  Do your due diligence with obtaining several bids but at least for me, I don't analyze the cost vs materials as long as its under budget, no change orders and on time as well as quality work.

Post: How do I find an event in my area? I live in New Braunfels, Texas

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

@Kassie Carrell Absolutely! Let me know when and where or PM me for my contact information

Post: Negotiating tax lien certificate IL

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

You cannot negotiate the tax that is due while still owed to the county.  In places like CA, the owner has a time period after the lien is sold in which the have a certain time period to protest the taxes, but not in IL.   In this case, someone has purchased the lien for a future profit.   Why would they want to negotiate the certificate?  Even if they are in a redemption period, they are earning interest in the even the owner redeems it and if they don't, they can foreclose and get the deed, so not sure why they would want to unload it but to answer your question, yes.

Post: Finding property owners

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

The mail should be going somewhere whether someone is picking it up or it is being forwarded to an attorney or family member.  Go ahead and mail to the last known address, which you can find on the counties tax assessor site.

Post: How do I find an event in my area? I live in New Braunfels, Texas

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

Awesome!  Hello from Cibolo :)

A greet place to start for meet ups is on meetups.com and search for real estate investing groups.   Love to connect  - let me know if you ever want to meet up!

Arissa

Post: Driving for Dollars house in a Trust

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

lol @Mark Pedroza

Nice to meet another one!

Post: Selected double closing or assignment tx forms

Arissa PedrozaPosted
  • Real Estate Agent
  • San Antonio, tx
  • Posts 153
  • Votes 131

For me personally, I do not want the buyer or seller to know what I am making, so when my partner gets a house under contract, he uses a TREC 1-4 purchase agreement between the seller and his LLC and receipts it with the title company. Then, when he finds a buyer, he uses another TREC 1-4 between his LLC and the buyer. The seller and buyer close at different time. You do have to disclose to all parties that you are making a profit on the deal.