All Forum Posts by: Christian Garcia
Christian Garcia has started 25 posts and replied 38 times.
Post: House Title Transfer
- Dallas, TX
- Posts 39
- Votes 3
How can i transfer the house title of where my parents are currently living to my name or their's if the owner is in Mexico ? We have talked to the owner twice and he says has no plans in coming back to the U.S . My parents have been living in that house for over 7 years now .
Post: Hard Money Lenders
- Dallas, TX
- Posts 39
- Votes 3
Can somebody give me a rundown of how a hard money lender works ? im like so confused
Originally posted by @Joe Fairless:
@Christian Garciait's what they are projecting the property to perform at. That is different from "actuals" which is what the property actually performed at.
Thanks Joe :)
what does the word proforma mean ? I've been looking at some apartment complexes for sale on loopnet and the word proforma is everywhere .
Post: Do it myself ?
- Dallas, TX
- Posts 39
- Votes 3
Originally posted by @Tyler Flagg:
@Christian Garcia I use property management myself, but thats only because I live 500 miles away from the properties that I own haha. If I lived near my houses, however, it would be a different matter.
Honestly, as someone who has worked as a leasing agent at an apartment complex, you're already on the right track. Before you make the decision though, read "Landlording on Autopilot" by Mike Butler. It's an awesome book that will help you develop the necessary systems to be the best property manager you can be. Best of luck!
Thanks Tyler ! And I'm definitely gonna read that book by Mike butler .
Post: Do it myself ?
- Dallas, TX
- Posts 39
- Votes 3
Originally posted by @Randy Landman:
Just a few questions you should consider. How flexible is your W2 job? Can you make and receive personal phone calls at work? Can you leave work on short notice to show an apartment? Are you handy? Is the apartment building local? Do you have a business partner or spouse to help? Do you have any real estate or construction experience? How old is the building? What type of neighborhood is it in or what type of tenant will you be expecting? These questions, and many others, are the type of things you need to consider before making this decision.
I've been working as a leasing agent for an apartment complex for 9 months now and my dad has been working as a lead maintenance for another apartment complex for 5 years . So I'm guessing we have some what of the team but im not sure if I should leave my job just yet or wait until I have the whole management team on hand . @RandyLandman
Post: Do it myself ?
- Dallas, TX
- Posts 39
- Votes 3
Originally posted by @Jane A.:
Thanks :)
Post: Do it myself ?
- Dallas, TX
- Posts 39
- Votes 3
I've been working as a leasing agent for an apartment complex for 9 months now and my dad has been working as a lead maintenance for another apartment complex for 5 years . So I'm guessing we have some what of the team but im not sure if I should leave my job just yet or wait until I have the whole management team on hand . @RandyLandman
Post: Do it myself ?
- Dallas, TX
- Posts 39
- Votes 3
If I were to buy a 10 unit apartment complex , should I hire a property manager to run the apartment complex or should I just run those 10 units my self ? What do you think ? I'm open to any suggestion or opinion
Post: what to do, where to begin,,decisions decisions decisions
- Dallas, TX
- Posts 39
- Votes 3
No expert here Teresa , but i recommend that you listen to the bigger pockets podcasts . Read the blogs and ask questions . Don't be afraid to ask questions at all here . There are tons of experts on real estate here on this website . Whatever you do, dont give up !!! Just always remember why you started