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5 March 2020 | 6 replies
@Eric Crockett wow, that’s quite a story, thank you for sharing all that.I definitely think that if your price point is 250K you’d be looking more south toward RI than north toward Boston.I would be reluctant to recommend short term flips in this phase of the market if you’re still just starting out (even with your one success under your belt - congratulations btw :).If it were me in your position I’d continue with rental real estate, maybe with a slight value add component (i.e., needs a little work but not a ton).It wasn’t clear if you were asking if you should buy all cash or not, but with rates at new historic lows I’d use mortgage leverage for sure, though again taking the market phase into account, maybe not aggressively (e.g., 97% LTV) unless you’re overall financial picture can support it.I’d definitely say do traditional bank financing with low fixed rates if you can (again, this points to more long term holds than flips), instead of hard or high-rate private money.And as far as partners, the old saying is that a partnership is like a marriage - a lot easier to get into than get out of.
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7 March 2020 | 9 replies
Chicago, Denver, and Houston all gained ground against Austin.
7 March 2020 | 43 replies
Once the initial phase of panic wears off, they will be in plentiful supply.
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5 March 2020 | 2 replies
I also thought about making the above-ground nice first so that I can move-in ASAP, and finish the basement myself while living there which can take about a year.
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9 March 2020 | 35 replies
Or would it just be boots on the ground, cold calling and sorting them out?
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6 March 2020 | 10 replies
And, yes, it is grounds for eviction if he has violated a lease covenant.
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6 March 2020 | 3 replies
Something this complex you really need a local commercial retail attorney with a focus on ground up development and partnerships to work on it.The quality of construction is not just want the tenant wants or what the developer wants.
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6 March 2020 | 7 replies
I'm very much in the "I don't know what I don't know" phase, so what may seem obvious to you is probably not to me.
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6 March 2020 | 7 replies
That being said, I do believe that geography features affect if the funnel clouds will reach or stay on the ground.
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5 March 2020 | 8 replies
Often a house will burn to the ground the the chimney will still be standing like a monument.