All Forum Posts by: Wisner D.

@Mike Hatter I agree with @Brent Coombs  what the current owner owes should have nothing to do with your numbers .  Run the numbers as you would on any property, and if they make sense move forward. If they don't, you move on. 

 When speaking to the owner you may want to find out if they're any repairs you can't for a quick walk through.

Hope this helps. Best wishes!!

Hi Guys, Would any of you guys have, or know of someone who has rental property in Cedar Hill, TX ? My sister in law and her family has relocated from Louisiana, and they are looking for a single family home to lease near us. Any help would be greatly appreciated!! Thanks in advance!

Hi Guys, I would like to know if there's anyone hiring. I am currently working two jobs, one full time and the other part-time. I am an Estimator, and had plan on this being my last career move before going full time into REI, but at this rate I am going nowhere fast, and would like to know what out there in the DFW area. Would love to hear any feed back you guys have. Thanks in advance!

@Account Closed.. All the info you need can be found on the books,forums and podcasts. When I started, I attended a "free" seminar, which turned into a $200 3-day seminar, which then turned into them wanting you to sign up for a $20k to $30k program..Fortunately I wised up at the 3 day. It wouldn't hurt to attend a few reia meeting, if you want to network but you can also network here. Either way be sure to vet anyone you want to work with as there are some that will try to take advantage (googling names and companies can bring some red flags to light) 

Best of Luck!

Also with conventional financing keeping mind you will need 20%-25% down. With HML I believe the terms are about 12% , and about 1-3 pts . Last cool thing I found about a week ago here on BP is the NMLS site; where you can verify the lender you are working with has a track record.

See link below:

http://www.nmlsconsumeraccess.org/TuringTestPage.aspx?ReturnUrl=/Home.aspx/SubSearch

Thanks

@Tom Feret  I will be knocking on doors this weekend. Depending on how that turns out I will try tracing next. I've tried Google before and have gotten some pretty good information but not on this particular owner/property 

Hi guys, There's a property in the Southwest Dallas that I stumbled up on. The property is not listed for sale, but there are obvious signs that no one currently lives there. After some research, I was able to identify the owner.. Any suggestions on how to get in touch with the owner . So far I have: - checked with the post office _checked with the tax assessor Neither could provide a forwarding address for the owner. Any thoughts? Thanks in advance!

@Josh Miller this is an interesting situation....There may be a couple questions here. 

- Are they any liens on any of the properties?

- Being an old base is there more land to maybe expand on?

She can may sell them off one at a time., to a developer, or as you said maybe to a church or the like.

@Matt Buchalski Congrats on getting the ball rolling and best wishes in surpassing your new goals!!

@Stephanie Bureau I had a realtor recommend Champion, which if I remember correctly is accredited with TREC; but as others have stated the TREC website would be the best place to start.

Best of luck!