All Forum Posts by: Aisha E.

Sherry Patterson I am looking for an investor friendly Realtor too. What would be a good time to talk?

@Thomas Guillory, what exactly did you ask for at the Tax Assessor 's office? Did you ask for a "delinquent tax roll", and did you have a hard time explaining you were NOT looking for properties in tax foreclosure, but actually properties with back taxes owed?

What is the size of the lot? Frontage? Is it listed on the MLS, or is it a pocket listing? Asking price?

Steven Butner , I am finishing up on a guy rehab in Fort Worth area. My exit strategy was to rent it out for as long as I could, but my situation has changed and I am inching towards an Owner/finance selling strategy to an owner occupant. Are there any parameters you always keep in mind while doing so? Down payment minimum? Is there an attorney who does your paperwork?

Have you narrowed down on the areas you want to invest in? You can lose in real estate if you do NOT do your homework. I just saw someone promoting a FW house here on BP for 230k with a possible rental income of 2k when the house is in foreclosure and on Zillow for 177k. Stay away from such "deals". It would help you to narrow down on certain areas you are familiar with and drive around to get a feel of the area, aka, farming your area. You should always look for markers indicating transitional zones; also schools, financial and job proximity indicators. This will give you a great insight into how areas grow. If you are looking to just wholesale, then study where the Cash Buyers are currently buying, and find deals there.

Sarah, please pm me details about this lot too. My partner and I have been looking for such lots to build on.

Originally posted by @Andrew Herrig:

@Aisha E. Just curious, what part of DFW did you build your accessory dwelling unit? I am in Dallas and they are pretty much prohibited by city code in SFR zoning.

Andrew, my property is a SFR in a predominantly SFR zone, but the city zoned my house in a multi-dwelling zone aeons ago. The city considers it a duplex although the main house was converted to a single family residence 20+ years ago by some previous owner, but the zoning stuck. So the "ADU" was allowed much to my delight:-) You can call it a stroke of luck, but you find such discrepancies in zoning and usage mostly in historic neighborhoods.

Shay Reynolds , I sent you a message since your ideas and mine regarding such communities are similar. Let us connect.

Veronica Boswell er, could you please clarify what you intend to do? Are you looking to buy from wholesalers to fix and flip, therefore require the hard money lenders. Or are you looking to work with wholesalers in the San Antonio market?

@Leigh Ann Smith, I agree with @Roy Oliphant with regards to the containter home being used for your tiny house rentals on your large acreage. Containers, by virtue of their design, and usage, are highly transportable. You do not need the added expense of a trailer with wheels to perch them on; simple blocks for foundations will do.

I am not particularly fond of rat-hole sized dwelling places being passed on as "homes", though in the case of an 8'x40' HC container, one can make a decent sized dwelling, with a bedroom, living area, kitchenette, bathroom, and a removable deck outside. Check out Faircompanies' videos on YouTube. 

I designed and built (still finishing out) a small Studio/apartment based on a small house concept, at the back of a SFR I own in the DFW area. Footprint of the structure is on a 16'8" x 20' foundation. Dimensions and height of he structure are restrictive because I had to build on the site of a torn down single-car garage & its tool shed. I built a mezzanine floor that sweeps over 3/4 of the 1st floor space, giving it much more volume and space than there actually is. So now I have a flex living room/ bedroom, a bathroom with a laundry closet, a good sized kitchen on the 1st floor, and a full studio/bedroom/work space on the mezzanine level. I am going to add a fenced-in deck outside in front of the entrance too to complete the whole project. So now the living space is around 525sq.ft, and I plan to use it as my AirBnb short term rental, behind the SFR that houses my long term tenants. Since I also plan to use it as a guest house for my out of town guests at times, I'll be maximizing the utility of the whole property.