All Forum Posts by: Andrea Longoria

Hello, Question. How are wholesalers doing deals in other cities? I am currently in Austin and the wholesale opportunity is not as lucrative here like in San Antonio or Houston. How are you wholesalers operating in other cities when it comes to paying the earnest monies? If need be I can drive to San Antonio to pay earnest money but Houston is a bit out of the way. So I an just curious of the steps you all take when you are wholesaling in other cities or states. I am new to this so any advice is much appreciated. I look forward to your reponses. 

So it’s not the kid alone his dad is who I an a tad concerned about because he does have rap sheet so i was just curious if the kid did too, that’s what lead me to this question. lol 

Thanks Colleen for this info! 

Hello BP Friends. I have what is probably a dumb question but I want to be sure before I make any moves. Can you run criminal background on minors, when i say minors I mean 16 and up. I have an questionable potential tenant and I am a bit leery and it lead me to this questions. Any in-site on this would be very helpful. If you can direct me to any sites for this information that would be helpful too. 

Hi Jeremy, we converted our Garage into another room no issue. It doesn't require rezoning the home to a duplex what so ever. It would just be a SFR that now has another bedroom. A duplex rezoning would require it to have a full kitchen, closet and bathroom and that would be pretty crammed for 1 or 2 car garage conversion. It also wouldnt be considered an ADU either it merely would be a converted garage. ADU are typically separate from the main home and has it own minimum requirements.

Our tenants actually really love the garage space because there is so much room. They can create their own living area and bedroom area so they arent contained to just a bedroom. Of course they still have full access to the home for the kitchen and bathroom. This actually worked in our favor as the home is a 3bed 2.5 bath and adding the garage to a room really made a difference in our investment and saw a lot more profit once we vacated the home. The process was fairly easy as Austin doesnt have very strict renovation codes like many other cities such as San Antonio. 

Austin, TX has been good to us!! :)

Hi Kevin, We actually just started this last summer so about 6 months now. We currently only are doing SFR that are 3 to 4 bedrooms. We are open to duplex or triplexes and up just haven't been presented with the opportunity. All our homes are in the Austin, Round Rock area. This seems to be a very great market for these types of rental scenarios. Right now we are bring in about a minimum of $1200 profit per home after all expenses are paid. It does start a bit slow as usually the first 3 months we do dump a lot of money in setting up the homes with everything the Tenants need. But once its set up we are pretty set after that. Its also turned out to be pretty easy process from beginning to end as well.

Hello, My name is Andrea. My partner and I have started an Arbitrage company in Austin and to our surprise it is going great.  So if you are a landlord and do not want to deal with the headache of managing your home and only want to collect rent GUARANTEE we might be the right fit for you. We are looking to expand in Austin and eventually go nationwide. Any cleaver ideas how to generate more landlord leads?

A bit about what we do. We rent out homes from Landlords and guarantee their rent each month regardless if the home is occupied or not. Then in turn we furnish the homes and rent the house out room by room. We offer the tenants a 1 set prices all bills included and all the best amenities a tenant would want. We provide a monthly cleaning service with the option to have their laundry done. On top of that our housekeeping knows to look for any issues in the home so we can address them immediately. Should there be any standard maintenance issues we will rectify them immediately as well as keep up with all preventative maintenance as well. We do all of this and the best part is that its completely free to the landlord. They reap all the benefits without any of the hassle. We become the main point of contact, manage and take care of the home as if it was our own. 

We are looking to provide the best in home amenities as well. So far we provide fully furnished homes, kitchenware, basic toiletries, smart devices such as lights, locks, garage door openers and cameras. We also provide 2 refrigerators in the home as we tend to have 4 bedroom homes and want everyone to have their own personal space for their food. Another item we have is a cold plunge but we are discovering that this is not being used by the tenants but we want to be able to offer some sort of healthy living. Our goal was to have both a cold plunge and hot saunas and gym equipment. We have also tossed around the idea of offering a food meal service. If you have any ideas or suggestions on amenities that we can offer that would be great. 

Seeking advice for beginner wholesalers! Where should I start my learning process? I have 20 years property management and basic real estate and 10 year mortgage but looking to cross over into investing.