Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
Hi all,
Im looking to get started in real estate. I've been doing some research into it over the last few months and decided that within the next year I want to have my first property purchased. Looking more towards ...
I've had a few showings with people who claim to have been landlords. I guess in this economy it's not that unusual. However, since I've been a landlord I've seen firsthand how tenants can manipulate the system a...
In casual conversation with my dentist the other day I mentioned that I was looking for someone who needed to sell their house so that I could flip it. My dentist told me he is that person. He is going through a nasty...
Came across an off market apartment deal in North Austin, can't decide if I should do my first multi at a C-class complex.52 units, (26 1/1 units and 26 2/2 units). 2 story buildings built in 1969. Pool, playground, ...
Hey BP,Long post, thanks in advance to whoever sticks it out and reads it through!Background info- 1.Fiancé and I want to build wealth through real estate2.We look into purchasing our first home as a duplex in 20173.J...
There has been a lot of discussion about interest rates recently and a general lack of knowledge about what is driving mortgage rates to go up so I wanted to make a post outlining the reasons why mortgage rates have c...
I keep reading news about how in a lot of cities, people are moving further out to lower costs since they can WFH. Furthermore, since Austin just defunded the police, what are everyone's thoughts about how safe it wil...
At the summit, a lot of the presenters and people I talked to mentioned it would be a good idea to get my real estate license. Others mentioned taking some appraisal classes, which got me wondering. Would being a li...
I've been researching and wanting to start investing for years now but always had an excuse (nerves) not to. I recently agreed verbally on a deal ( pending finding a bank to mortgage such a small loan) with a guy who ...