RJ Jackson
Rental that doesn't meet the 1% rule
Thoughts about purchasing a brand new home that doesn't meet the 1% rule.
It's near a new elementary in a growing area outside of Austin. 205k, 3/2, rent is about 1500 in the area. It will be my first rental which is...
Jason Hatfield
Quit Claim subject to Existing Mortgage Deed
I am currently in a BINDING contract with a SELLER of a residential piece of property an I am the BUYER for the sum of $20,000.00. The contract is seasoned, and is sitting at a Title company ready to close. There is a...
H. Jack Miller
What can go wrong with Subject to Investing
Seems a lot can go wrong with this and I wanted to speak with existing investors and see what has gone wrong with this in the past and how have then fixed it.
Jeff Moore
Agent Commissions too high?
Selling my SFR, real estate agent put a total of 10% of the purchase price on the fee estimate. 6% for him and 4% for the buyer’s agent.
This seems excessive to me.
Is it?
Every google search yields “average of 6...
Josh Collins
Can I manage my friend's home as a rental w/o realtor's licence
My friend just took a job in the Netherlands and is moving to Europe in a month. He wants me to manage his property for him while he is gone. I have storage facilities and have had other rentals myself. I'm wonderi...
Brooke Juedes
Buying a property with existing tenants
Hi All, I am closing on our deal this December 30th, for a 4-plex. It is currently fully rented, which is great!HOWEVER, as it sits, the landlord currently pays all utilities, (which will be changed immediately into t...
Alex Gaw
Gun shy seller
My wife and I are finally looking at and making offers on properties after months of learning, hustling for extra money, and working on credit scores. We're looking at small MFs (mostly duplexes) in Austin, Texas to o...
Kristen Whiddon
Tenant's "Service dog" attacks neighbor's dog
Unfortunately, I got a nasty email from the HOA of my rental property today saying that my tenant has been warned repeatedly about his dog being off leash which is against community covenants and county law and yester...
Will Barnard
Rehab estimating as a new wholesaler
A new colleague of mine here on BP has asked me some questions via PM and I thought it was best to present his questions and my answers in the public forum for all to benefit from. This will also give him and others t...
John W.
DBA name/Property Manager
Brandon Turner
I have formed a DBA name after taking Brandon Turners advice (from previous articles.) The advice was not so much to form a DBA name, but to have a business name and just be the "property manager." Thi...