Nate Hayes
How do new investors compete with the top dogs?
23 May 2020 | 24 replies
I think you're right, even if finding partners as a new investor sounds like a tall order.
Andrea Finkelstein
Please Stop BUGGING Me!
26 October 2020 | 25 replies
@Andrea FinkelsteinHello, we had some pest problems too, and roaches are the same everywhere, soooo In my home land we use a mixture of sugar glass and baking soda, equal parts, mix well and place one spoonful per corner, they will die in their nest, and other roaches will become ill as well, just give it max 15 days, you will spend $20.00 maximum.
Rigo V.
What do Due diligence do you do?
22 October 2017 | 5 replies
Current as-built drawings, plans & specificationsDescriptions of buildings, physical aspects and systemsSite Plan (with dimensions and identifying tenants and vacant locationsPhase I and if applicable Phase II environmental site assessmentProperty Condition ReportStatus of ADA compliance (including ADA plans)Warranties (HVAC, roof, insulated glass, etc.)Existing exterior, interior, and aerial photographs of PropertyFloor plans with tenant location (CADD/PDF files)Any and all Leases and Tenant correspondenceAny and all Service ContractsGeneral Ledger for the past 3 yearsThree year history of delinquency and bad debtMost recent detailed billing statement for all TenantsTenant ledgers for previous calendar year & YTDCertified Updated Rent Roll and Certified A/R ScheduleList of security deposits and prepaid rentLeasing update (pending deals, LOIs, renewals, lease-up projections)Future Tenant improvements and leasing commission obligationsThree year history of tenant improvements and leasing commissionsCurrent year detailed operating budgetYTD budget vs. actual analysis for current year & 2 prior yearsThree years of operating statements (revenues & expense) historyCapital items/budget forecast (3-year projection)Three year history of capital expendituresProperty Tax bill for current year and previous 3 yearsCurrent Insurance CoverageThree year history of insurance claims and incidentsTenant’s sales volumes for at least 3 yearsThree year occupancy historyExisting appraisal report(s)Confirmation of ZoningCertificate of occupancy/use permitsStatus of pending litigation and/or threatened condemnationMost recent title insurance policyMost recent as-built surveyCAM Reconciliation for prior 3 years
Bryan Tasumi
Houston worth investing? Prospective medical student needs advice
27 February 2018 | 8 replies
Since you mentioned house-hacking, Houston has quite a few tall modern homes in the city.
Jesthen Baez
Wholesaling in Austin
4 August 2021 | 11 replies
So properties that are in poor shape, tall grass, bordered up in a great neighborhood that have the comps to back up the ARV.
Michael Glaser
Is This Too Much Rehab for A BRRRR?
5 May 2018 | 16 replies
It has brand new windows and sliding glass door.
Brian Burke
Investing in Houston
22 March 2018 | 12 replies
Also, since a developer out there just turned an enormous amount of previously spongy, wooded land, with lots of tall absorbent grasses into a big fancy neighborhood, I suspect the flood danger has increased for the whole area and it will likely flood worse than before.
Justin Glass
Should I hold these properties long term or cash in now?
3 March 2015 | 29 replies
@Justin Glass Keep it, I'll bring my 12 gauge and do some hunting!
Kay H.
Could this be a good deal even though it has negative cash flow?
27 August 2015 | 95 replies
It's like walking barefoot on broken glass.
JC Wu
Roofstock review. NEWBIES BEWARE!!
28 July 2021 | 171 replies
Now it’s over and I look back, I consider it an overall positive experience.The main reason is that I don’t feel like jumping over tall hurdles.Did you retain an attorney upon discovering the permitting issue?