All client deposits when to title company let them account for it all :) I have a trust account, only because some states require one, such as Pennsylvania.

Alamo REIA also hold events trying to connect individuals from different specialties within the real estate investing space.

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

It requires no money upfront, so you will join thousands of others trying to do the same in your market.

I was told the reserves are a requirement of the REIT loan that we have.

Again, often times this requires a large down payment when you win to be held in escrow as things go to title.

Hey guys, I’m newer around the Conroe area and I’m looking to connect with fellow real estate individuals, Contractors, investors, etc.I’ve been an electrician for 10 years mostly in the commercial space, I’ve doubled in general contracting and project management in Utah, but have moved down here in search of better opportunities.

I suspect it's an old line that failed and required replacement.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual.