18 February 2016 | 6 replies
As I'm a former Calif real estate agent (I'm from Oakland btw), my ability to be able to explain the differences between the markets was really invaluable to them, especially as it relates to the purchase contract and escrow phase (in fact, the term "escrow" is rarely used in TX, and I often get teased about using it lol!).
24 March 2017 | 18 replies
You will find that many, many people do not answer the door and those who do will be tenants and relatives who will lead you astray.
26 January 2016 | 8 replies
One nice thing about condos is that they are relatively simple compared to a house since they are a concrete box, for the most part.
26 January 2016 | 8 replies
Hi everyone I am relatively New to BP, and Real Estate Investing in general.
27 January 2016 | 16 replies
Another option is to buy a single family in a B neighborhood in the low threes and try to get $1600 to 2k for it - not super great but gets you in the game at a relatively low price point.
26 January 2016 | 3 replies
This is relatively new to me.
28 January 2016 | 6 replies
You may have been able to squeeze out a higher return relative to a non VR, but it's still an active business model that is separate from the physical property and should not be used to determine the value of the property.
29 January 2016 | 4 replies
There can be huge swings between subdivisions so you really want to see the rentals on a map relative to where your house is located.But also take into consideration the square footage, the age of the homes, basement no basement, etc.You just have to have a feel for comparing like/kind properties and if there are none, then you need to have a sense of what features are worth more or less of an adjustment and how much.Rentometer just asks for bedroom count but I don' think it asks for square footage.
2 February 2016 | 8 replies
-They have backwards priorities -They are professionals and know they will get several more months out of the home even after you file for evection-They are simply bad with managing their money-Something changed in their lives and they can no longer afford to live there/ need to save money to get into the next place-They bit off more than they could chew initially (similar to being bad at managing money but more future budget related)The people that do pay are regular people who want a decent place to live and respect how the system works.
5 February 2016 | 11 replies
Then you have a primary residence that is a "asset protection account" and appreciating, while your rentals are less attractive to creditors since you have relatively little equity in them.