All Forum Posts by: Andrew Taylor

Unless I'm mistaken, the only one of those that shows actual comps (as opposed to educated guesses) is realestateiq.co. It's very expensive though, at over $150/mo for the Houston metro area. I've used propelio.com and like it, but it's also expensive at about $90/mo. 

I've long been intrigued by the idea of a "tiny house village," either for TH owners or for renters. I've done some preliminary research and the big monkey in the wrench is municipalities that don't want anything to do with tiny houses. Around here, the county even frowns on park-model RV's because they LOOK like tiny houses. But why couldn't I buy a MHP and slowly phase the MH out and replace with tiny houses? Not sure of the concept or the financials, but does anybody see and legal issues?

@Nick Logan @Sarah S. Thanks for reaching out! I'm in Magnolia; Nick is at 290/Bingle; sounds like Sarah is kinda in the middle. I'm familiar with Vintage Park area - my first house was in Colony Creek, and my parents live in the area now - so that might be a good starting point. I don't think we can squeeze anything in before Christmas, so let's give it another week or two to percolate, and then we'll pull the trigger on a time and place.

Ikea warranty is something like 10 years and they don't care who damaged it.

Read "Landlording on Autopilot." Even if you don't want to be a full-time landlord, this will show you what your property manager should be doing. It's a little dated (lots of talk about pagers and how cool they are) but it's still great info.

Best information about lease options in Texas

https://www.lonestarlandlaw.com/Executory.html

This is the gospel. Pay particular attention to the penalties if your buyer wins a judgement against you. Really all depends on your tolerance for risk.

I HATE that I can't go back and edit these posts from mobile. I assume you can figure out what I really meant but it's still annoying to see typos.

Yes, I'm a contractor - that's why I said I'm the OP that actually doing the work shouldn't be an issue. My day job now is withing repair estimates for Opendoor, so accurate rehab costs shouldn't be too hard to come by. I really think the ARV issue is the one I need the most help with.

Doing a little soul searching on a long road trip this weekend, and it occurs to me that I'm afraid of failing at flipping houses. My question is, should I be afraid of actually losing money? Or should I be afraid of not making as much money as I expected to? It's a subtle difference, but a meaningful one. I've got lots of background in the industry, and completing the projects doesn't worry me - but accurately predicting ARV's and therefore expected profit concerns me quite a bit. Just wondering what everybody else's experience has been. Thanks in advance for your input.

That the wives would retain whatever interest % the husband went in on (we anticipated deals where we went always equal partners), including any incomes and distributions at disposition, but they would not have any decision-making authority over those projects. In other words, we'd still pay the deceased partner's share to his spouse for as long as we held the investment, but we wouldn't let the spouse have a say in how we managed the asset going forward or when/whether we disposed of it. I think we may have given the spouses right of first purchase on assets we decided to sell, but I might be misremembering.