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1 November 2024 | 0 replies
Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.
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31 October 2024 | 6 replies
(so that substantial acquisition debt can be used while maintaining positive cash flow).
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2 November 2024 | 22 replies
You maintain the future equity and let him take the frustration of dealing with guests.
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1 November 2024 | 0 replies
Maintained and cleared land for usage.
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12 November 2024 | 171 replies
It sounds like you’re at a crossroads many long-time real estate investors reach.
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31 October 2024 | 7 replies
Hello Everyone, apologies for the longer post but I am interested in what someone would advise in my situation to be able to become a full time real estate investor as soon as I can.
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8 November 2024 | 22 replies
There is really no risk of you losing your investment as long as it is insured and you do your job as a landlord … fill the property, collect rent, maintain it.
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1 November 2024 | 48 replies
I have been researching this a lot lately because I feel this could not only shelter me greatly in 2022, but make or break my chance of being a full time real estate investor (which Ive been chasing for 20 years now, police dont make a lot :).
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1 November 2024 | 3 replies
Quote from @David Felt: You are responsible for maintaining the home in its original condition.
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4 November 2024 | 13 replies
Instead of asking questions and engaging in a long back-and-forth, provide clear instructions and you'll maintain control.Your focus should be on what you will do after the tenant leaves.