All Forum Posts by: Bruce Lynn

@Liz C.   I think this is probably pretty typical for Arlington, but could also depend on price range.   You might try putting something in the listing about minimum cut off for credit or expect to pay double deposit if credit is between X and Y.   

Probably the easier way to do it is just do a referral....to me the easiest money you'll ever make.  One phone call and you'll get 25-30% of the fees earned.

From what I understand Texas is one of the toughest places to get licensed.  From what I see Texas does not have reciprocity... https://www.trec.texas.gov/does-texas-have-recipro... .

One thing to think about is can you actually offer you clients the best service for another state.  I live and work in Texas and can write contracts anywhere in the state, but it's a big place.  I can think of circumstances where I could do it or would do it, but I can think an most circumstances even if buying or selling for myself, that I would want a local person to help me with the transaction.  Just tough to know about trends for other cities...where the high speed rail is planned, what's going on with the school district, where the next Whole Foods will be built...and on and on....

Arlington is interesting place.....I go in a lot of properties all over the city.  The one thing I notice that stands out to me is the tenants seem to be a little rougher on the properties there on average.   My though is make sure you buy at a great price, always get the full deposit, have a great property manager.   Make sure the property manager takes and sends you pictures of the outside of the house monthly, and interior pictures quarterly.  We notice this helps keeps things in better order.   I think Arlington is just one of those places where you want a very active property manager, not just one collecting checks.

Integrity Plumbing from Ft. Worth.

I always say...don't send anything out, that you aren't willing to follow up with a phone call or personal visit.  In this case if you are sending to absentee owners, visit probably doesn't work.  Especially if you have more time than money, call first, then send the letter, then call again to make sure they got it.   You'll up your response rate significantly.

Work the sales office for a builder.  Either on the weekends when it is busy or on the weekdays when the main person has days off or both.  Offer to call all their registration card leads.  After that call realtors to get them out in the model.    You should be the neighborhood expert when you're ready to go full time....resale all the homes you made contacts with selling them the 1st time.

@Account Closed

Title...

Mike Wallace

Escrow Officer - Dallas Preston Center

Lending...

David Bradley

Just Mortgages, Inc.
13601 Preston Road, Ste 910E (Carillon Towers)
Dallas, Texas 75240

@Greg H.   How do we know there is no precedent?   I don't think JP opinions get published and probably few appeals that would get remanded to a district court.  You're probably right in most cases that perhaps neither party ever reads the leases to know this clause is even in it or might know it is a contention of dispute.  It would not surprise me at all though if a tenant wants to fight, they do a bit of research, and bring it up at JP court, they'd probably win.

Why risk it, when for a few more bucks you can eliminate that risk of having an invalid lease.

We do, but remember they're only valid for licensed members of the association to use.  It says that on the forms and in the lease.  So there is some chance if you use them and you're not a member that they could be invalid.   Better to use ones your attorney provides you.

One of the local $1billion real estate gurus here once said..... "Want to making a killing in real estate?....buy in the path of progress."   I'm pretty sure that was Ross Perot.....he built at least 3 huge projects that netted him a lot of money on that theory in real estate....remember the old EDS hdq....no one was out that far when they built that building.  Forest Lane was probably on the edge of the earth back in the 1970s.   Then build's another HDQ building in Plano as Perot Systems.... then built Alliance airport...the only private commercial airport in the United States....probably many other projects too with the same idea.

Makes a lot of sense.....I'm sure someone will and can make money in the rust belt, but that scares me.  There's a wave coming here....and interestingly enough the people I meet from Detroit, and Michigan, and Indiana, and Cleveland...etc...they're hard workers...they want work...once they get settled they look for better work....then invite the family down one at at time to work.   We're getting some of the best who are trying to improve their situation.   I'd be scared to be investing in what is left behind.