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All Forum Posts by: Ann Watkins

Ann Watkins has started 10 posts and replied 168 times.

Post: Please help me analyze this Duplex Deal

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110
Dwight, I'm a real estate broker in Acres Homes. Born in the Trae and raised in the 44 (Acres Homes). You may want to check your numbers you're showing what looks to be $1250 a door, if you are occupying one your gross rent is only $1250. For a 2-1 in Acres Homes it's not $2500 and probably not $1250 either, especially without a garage. Please have your realtor run solid comps. That said...go ahead and add the cost of a nice wrought iron fence and sliding gates on the front end.

Post: What was your biggest unexpected cost in a flip?

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

@Phillip Cooper

City inspectors on rotation, each time one came out he/she required something different with the electrical to clear it. At the end of it I was $5k outside of my budget.

Post: Investor Special or Buy and Hold Rental

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

Largest home, largest corner lot. Home needs complete updating. Easy access to downtown and I-45. MLS #20761818 $190k. Make your best offer!

Post: Investor Special or Buy and Hold

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

Great location for rental or first-time home buyer. Home needs updating. MLS # 86782488 $105k

Post: Section 8 rental property

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

I used to have several units on S8 here in Houston. However, I've since cut back to only one. S8 tended to abate rents that were tenants faults a bit too much for me. For example, the tenant didn't replace a single light bulb or the tenant took the batteries out of the smoke alarm...it seemed it kept going off when they were smoking apparently. As a result, the rent was abated. Granted it could have been a snarky inspector but it kept happening. To their defense now S8 in Houston is on a bi-annual inspection, which should help some.

Post: Pick my Brain ( biggest request i get on BP)

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

Outstanding! I will definitely donate. You've always been so generous with your sage advice and I appreciate it greatly!

Post: How do you feel about Loopnet?

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

Overpriced. Now owned by Costar which is in a lawsuit with Exceligent...very frustrating.

Post: ​How BiggerPockets made me $77,000 cash! w/PICS

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110
Beautiful renovation. I love the blue!

Post: Hello from Tori in Texas (The Woodlands Conroe)

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110

Welcome Tori!

I'm a Realtor and investor in the 088 and also own property in Galveston. Let me know if I can be of assistance.

Post: VRBO - added "fee's" hurting my rental driving business away

Ann WatkinsPosted
  • Real Estate Broker
  • Houston, TX
  • Posts 186
  • Votes 110
I use VACASA. So far so good. I've been with them about 1yr and they don't nickel and dime you with fees or linen re-ups.