All Forum Posts by: William E.
William E. has started 4 posts and replied 241 times.
Post: UGLY BATHTUB: Bath Fitter, Miracle Method, or replace tub?
- Investor
- Pearland, TX
- Posts 246
- Votes 136
bathroom upgrade are one of the major places where you can get a premium return on a new tub, sink, and some tile.
i've had some resurfaced and some replaced. the cost ends up around the same, but a new bigger tub can increase rent prices or resale value.
be it a $50 tub you get at a restore or a $2500 tub, the installation costs are about the same, might as well get the better one.
Post: Newbie from Houston, TX
- Investor
- Pearland, TX
- Posts 246
- Votes 136
welcome to the community.
Post: How can I lease out the billboard on my property?
- Investor
- Pearland, TX
- Posts 246
- Votes 136
call sign administration and ask :0
https://www.houstonpermittingcenter.org/code-enforcement/sign-administration-and-permits.html
Post: Anyone making use of the Zillow API with Excel?
- Investor
- Pearland, TX
- Posts 246
- Votes 136
depending on the county, they will sometimes expose the database online.
not to give away my secret to the world, but in my area i have access to all the records and it is updated every two weeks. they even provide a sample database to plug in the information.
Post: how to find a property
- Investor
- Pearland, TX
- Posts 246
- Votes 136
i'd narrow it down before you start looking.
the easiest place to start is within a few miles of where you live. use your local realestate website and find a neighborhood that you think you could afford to invest in.
then search that area for ways to buy cheap and rent high.
- step 1 should get a realter and make them work for you, they can email you lists based on certain criteria
- pick a sub-division
- pick a property type (3 bed 2 bath ~1500 sq feet)
- pick a price that won't bury you (50-110K)
- new on the market properties
give that to your realter
then sort through the results they send you. do some research and make some obnoxious lowball offers on a few properties.
looking at the county appraisal and you see how long these people have owned their house,
if longer than 10 years, then offer the price they paid 10 years ago... or lower if it need rehab work.
or check out some tax sales in your area, maybe you'll get lucky - https://cobbtax.org/taxsalelist
Post: Spreadsheets
- Investor
- Pearland, TX
- Posts 246
- Votes 136
use the template sites, they have a lot of good ones.
Post: Mobile home park investor
- Investor
- Pearland, TX
- Posts 246
- Votes 136
check this out
https://youtu.be/gvPs5YzwOBY?t=1970
and this
https://www.biggerpockets.com/renewsblog/2015/02/2...
maybe they can help you with this niche market.
I've been searching for one that i could acquire in my area, and trying to determine if it is something i want to get into.
Post: Flipping homes in Houston Texas
- Investor
- Pearland, TX
- Posts 246
- Votes 136
welcome to the party.
step 1 make a plan
check out this podcast - https://www.biggerpockets.com/renewsblog/2015/06/1...
Post: Trying To Get My Foot In the Door
- Investor
- Pearland, TX
- Posts 246
- Votes 136
here are some ideas
start here - https://www.biggerpockets.com/renewsblog/2014/11/0...
watch a videocast? - https://www.biggerpockets.com/renewsblog/2014/10/1...
read a book - https://get.biggerpockets.com/nomoneydown/
read some blog postings - https://www.biggerpockets.com/renewsblog/2014/10/1...
https://www.biggerpockets.com/renewsblog/2013/03/2...
or some forum postings - https://www.biggerpockets.com/forums/50/topics/777...
personally, I first thought about realestate because i saw a late night infomercial about Carlton sheets decades ago (while in highschool) and his no money down plans.. my parents purchased his 'tapes/cd' set i listened to every one. and did nothing withit util years later.
With that stated, he has useful step by step process for getting into the biz
https://www.carletonsheets.com/dashboard/courses/r...
creative financing examples
The following table is from here https://www.carletonsheets.com/dashboard/courses/r...
| Seller | The seller can be one of your best sources for creative financing by loaning you the monet as a second morgage. Learn more. |
| Equities in Properties | You could use the actual asset as a down payment, borrow against the equity, or use the property as additional collateral. |
| Existing Loans on the Property | On some properties, you can assume the loan rather than take out a new one. |
| Using Notes | A note is your written and enforceable promise to pay. This promise can be sold, collateralized, pledged, divided, or partially assigned. There are many ways to creatively use notes. |
| Pledged Asset Mortgages | A pledged-asset mortgage is an asset you own and use as collateral to induce a lender to grant a loan. |
| Lease Options | With a lease option, you, the buyer/lessee, enter into a contract with the seller/lessor, whereby you pay rent and may purchase the property within a specified time period at a locked-in price. |
| Government Programs | Government housing programs are designed to help people own homes, and many of the programs are geared toward helping specific segments of the population or making certain types of property more attractive to purchase. |
| Your Services and Skills | Sometimes you can use your own services and skills to reduce or eliminate the down payment that would otherwise be required to purchase a property. |
| Property | In some cases, you can use the property itself—even before you own it—to generate funds that can be used for the down payment. |
| Promissory Notes | Promissory notes are agreements between you and another party whereby the other party agrees to loan money to you in exchange for your promise to pay a specified amount of interest, and to make a specified number of regular payments to pay off the loan. |
| Investors | Third-party investors can be useful sources of funds for no-down-payment investing. Keep in mind that investors usually expect to receive a high rate of return on their investments. |
| Equity Partners | Equity partners can be invaluable as sources of funds for your real estate investing career. For more information about partnerships, see Phase II, Lesson 6, Working With Partners. You can also get more information on partners from our Real Profit$™ With Partners course. |
| Tenants | You can use the credits you receive at closing from the tenants' security deposits, last-month's rent, and/or collected rents to reduce or eliminate the down payment the seller requires to sell the property. Learn more. |
| Real Estate Agents and Brokers | You may be able to borrow a portion or all of the broker |
Post: repair cost
- Investor
- Pearland, TX
- Posts 246
- Votes 136
check out Dave's fileshare for some spreadsheets to help you with some estimates.
truly identify what needs to be done or just schedule a contractor to walk through a prospective house with you and ask him a lot of questions.