All Forum Posts by: Andy Webb

Check out Capital Concepts (based out of Houston, have an office up here in DFW, and certainly do business in your area).  They are a mortgage banker so originate their own loans in many cases, so have a bit more control of the process and do not use the big AMCs last I checked.

Andy

Touch up in most cases.  Though as Nathan suggested, we occasionally may do a whole wall, especially if paint is not a super-close match.

I am always happy with a free coozy or squishy football for my kid...now there is free land - sounds great, count me in!

Silly request here - maybe take the time to post a profile pic and update your profile.  You are asking for engagement from the community, but have not taken that very simple first step.  Just my two cents...

In Ft Worth...that is too high if we are talking residential.  It has been a few months, but we just had a 40-gallon gas unit installed in a hall closet in Farmers Branch for under $1,400.  Location, size, fuel, code requirements, etc will drive a variety of pricing, but I cannot see an additional $1k on top...

Take your time and get some other estimates.

The team I am on is one of the largest in the country and is part of Keller Williams.  We are present in DFW of course (local office is here) as well as San Antonio, Austin, and more recently Houston - just few agents there, which might mean an opportunity to help grow things down there.  The broker/owner is very focused on training in particular.  Feel free to reach out and I can put you guys in touch.

As someone that has gone through the process, be sure to talk to a large number of brokers and interview them, don't be afraid to ask a lot of questions.  

Maximize your cash flow and do the 30-year.  Of course, I say that because my goal is to create cash flow and not get to a paid-off house.  When the equity gets high enough, re-leverage, lower the cash flow as a result, but get more assets with the resulting cash in hand...assets that are also pulling in cash.  What is your goal?

One angle you might consider, which is definitely volume based:  unless you are working directly with the broker/owner of the Realty agency, in many cases the brokerage where your agent hangs his or her license probably has some sort of tiered commissions split.  Meaning for the first X dollars of commission, the split between agent and broker is let's say 75/25 - just grabbing numbers.  AFTER agent has brought in X dollars of commission, the split gets better in favor of the broker or maybe drops altogether, so the agent keeps more commission in their pocket.

So you might ask your agent if you can help them clear that threshold, if that would be a good time to consider a reduction in their own take, since they are giving less away to their broker.  Depends on how much volume they are broadly doing I suppose, outside of your contribution...

Andy

Do you use a national online or similar Registered Agent service for your LLC that you would recommend?

If you are talking single-family or similar:  as mentioned above find the local boots on the ground to help you find and evaluate the property(ies) and then put a Property Manager in place to manage while you are away.

Even better, be a passive investor in multifamily syndications - very hands-off; just learn how to connect with the syndicators and evaluate the investment opportunities they present, put your money in, and just go do your thing and wait for the "mailbox money".  I am in TX and just invested in apartments in Indiana for example...

Andy