All Forum Posts by: Gustavo Delgado

I have a condo rental in Houston. Our community insurance is going from $110k to $270k! The explanation of the ins.broker is that 1. a few of the carriers that do condo communities have left the state (less competition). 2. There were about 20 $Billion dollar events, from wild fires, to named storms, and other reasons as well like building cost. Our HOA is projected to shoot up around 30% to cover this

I was with KW franchise for six years and there is constant training, especially if you are a new licensed agent. If you are a new licensed agent I would consider a KW office, regardless of the fee's and cap structure. 

I am looking for a private lender for a client to purchase in Houston. They have ample savings for large down payment (20% or more) they are capping their purchase up to $200k. They are currently loan approved but the lender has too many restrictions (HOA dues can't be too high, owner occupancy rates, ect..) They currently and comfortably pay $2300 a month for apartment in heights. Looking for a lender to hold note for up to 5 years MAX so they can refinance out the sooner the better.

A bit late to read this but here are my 2 cents. Yes a lender will not lend on a property that is not livable (serious defects, roof, electric.ect...) Hard money is the way to go. Also if the work needed is too much to handle or something you wanted to take on, look to wholesale it and take some profit and find another project.

looking to sell my leased out condo. located in the westchase area. 2/1.5 leased for $1250 which is slightly below market. tenant is on her first renewal til 7/2024

My opinion is send a copy of your by-laws and get a real estate attorney to review. I would assume this may be a difficult task since townhomes/condos share walls with each other, I can't imagine an insurer wanting risk/exposure to a neighbor

Any recommendations on wholesale friendly title companies in houston?

representing a seller looking to sell their property with tenant in place . 77072 zip code

I would keep the management co in place, especially if you do not have experience dealing with tenants.

Its costing you $90 a month to hold the property but let's assume you appreciate at 3% a year, it will more than cover your $90 a month when you decide to sell.

Even Though the market is tight now, you can just listed for sale anyway and see if there are any takers. Speak with your tenant and see if they would be interested in buying