All Forum Posts by: Ann Watkins
Ann Watkins has started 11 posts and replied 169 times.
Post: Deed Theft in Acres Homes
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Post: Looking to do my first DSCR...ABL LLC ?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Quote from @Robin Simon:
Quote from @Ann Watkins:
Quote from @Robin Simon:
Quote from @Ann Watkins:
Hi All,
I'm looking to do my first DSCR. I've reached out to ABL LLC and have their numbers. I saw a bad experience post here and one comment. Anyone else have any experience with them you'd like to share? I own the property free and clear, my credit scores are low 800s, property is currently vacant. Last tenant was on housing and rents were under market. I just re-listed it for $1,900. Not interested in selling at this time.
If you are just starting out with a first DSCR Loan and want a more hands-on experience from the lender - maybe it makes sense to go with someone local in Houston? I think ABL is a solid lender but I believe they are more Northeast focused
Yes, I've run into this before where once you get started its "oh see you're in Texas and therefore...."
not sure what you mean here
Post: Looking to do my first DSCR...ABL LLC ?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Quote from @Mohsen Alizadeh:
Hi Ann,
I personally and have had clients work with Rebecca Sheridan at PRMG, 281-736-1488, she is great and I think she can help you out.
A lot of our clients(at our property management company) use this type of loan.
Let me know if you need any help.
Post: Looking to do my first DSCR...ABL LLC ?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Quote from @Erik Estrada:
Quote from @Ann Watkins:
Hi All,
I'm looking to do my first DSCR. I've reached out to ABL LLC and have their numbers. I saw a bad experience post here and one comment. Anyone else have any experience with them you'd like to share? I own the property free and clear, my credit scores are low 800s, property is currently vacant. Last tenant was on housing and rents were under market. I just re-listed it for $1,900. Not interested in selling at this time.
Hey Ann,
What terms are they offering you?
Also, when did you purchase this property? estimated value? and do you own any other real estate?
They're offering 8.75%, 2008, $255k, yes I own several unemcumbered properties. My goal is to never over collaterize.
Post: Looking to do my first DSCR...ABL LLC ?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Quote from @Robin Simon:
Quote from @Ann Watkins:
Hi All,
I'm looking to do my first DSCR. I've reached out to ABL LLC and have their numbers. I saw a bad experience post here and one comment. Anyone else have any experience with them you'd like to share? I own the property free and clear, my credit scores are low 800s, property is currently vacant. Last tenant was on housing and rents were under market. I just re-listed it for $1,900. Not interested in selling at this time.
If you are just starting out with a first DSCR Loan and want a more hands-on experience from the lender - maybe it makes sense to go with someone local in Houston? I think ABL is a solid lender but I believe they are more Northeast focused
Yes, I've run into this before where once you get started its "oh see you're in Texas and therefore...."
Post: Looking to do my first DSCR...ABL LLC ?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Hi All,
I'm looking to do my first DSCR. I've reached out to ABL LLC and have their numbers. I saw a bad experience post here and one comment. Anyone else have any experience with them you'd like to share? I own the property free and clear, my credit scores are low 800s, property is currently vacant. Last tenant was on housing and rents were under market. I just re-listed it for $1,900. Not interested in selling at this time.
Post: Best Website for Land Values?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Hello all! I have a large amount of land for sale coming up in 77088. Acreage not residential lots. What's the absolute best website to run comps. I know it's not Commgate or Loopnet and maybe not Crexi (don't remember).
Post: Atlanta, GA or Sugar Land, TX?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
@Vicky Liu It depends. I've placed medical students in furnished apartments for 90 days to 6 months. But also medical personnel, typically traveling nurses for up to a year. These are all considered corporate leases as most units are furnished. But there are many long term rental clients who need 1yr or longer terms. These tenants are not qualified to purchase for whatever reason and want to be near the medical center. Hope this helps.
Post: Atlanta, GA or Sugar Land, TX?
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Sugar Land has a ton of rentals I had to cut this list down from over 192 listings and used $2500+. Getting to be the successful bidder is another thing. I have investors from California but they primarily buy condos to rent in areas near the medical center where a lot of workers who rent want to be.
Post: Internship Onboarding Process
- Real Estate Broker
- Houston, TX
- Posts 187
- Votes 111
Hello All,
I'll be bringing on an intern for the summer. Does anyone have a great application they would like to share with me? All words of advice are appreciated.