All Forum Posts by: Harrison Sharp
Harrison Sharp has started 22 posts and replied 316 times.
Post: GC bid attached. What can I learn from this? San Antonio, TX
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
Originally posted by @Corbett Brasington:
@Brendon Pishny are you suggesting that I make contingent offers based on some base assumptions landing...make sure that contingent offer is accepted...then go on site, do the due diligence and renegotiation as appropriate at that point?
Yes. You are in Texas so you can put an option period where you get an inspection/due diligence period in your contract. Its a waste of time and money to get a quote like this and pay for it when you don't even have a house. Get it done during the option period and if it's too high for what you want back out. But you should have a pretty good gauge on what needs to be done when walking a property.
Roof - 6-8k (paying 15k for a new roof is way too high)
HVAC - 5-8k
Water Heater - 1.5k
Cleanouts - 5k
Post: Filling Out Trec Contract
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
youtube
Post: Looking for Airbnb and house hacking CPA
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
Shoot me a DM and I can refer you someone
Post: Property managers that rent by the room and San Antonio Texas.
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
@Johnny Wolff Owns a co-living company that will be able to help you lease individual bedrooms in San Antonio.
Post: Texas investment locations
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
What returns metrics are you looking for? Below is the order to lowest cash flow to highest you can expect in each market.
Austin
Dallas
Houston/SA
Post: First time real estate investor - help with expectation
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
Originally posted by @Yashar Fred:
Yes I am actually seeing properties and putting offers, however , have found it extremely rare to come across with a 10% ROI in my calculations . I was wondering if I am making mistakes in my calculations or I should adjust my expectations.
Assuming you mean 10% cash on cash as 10% ROI is easy to achieve.
You need to adjust your expectations, you're about 3 years too late on 10% cash on cash.
Post: First time real estate investor - help with expectation
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
You probably aren't finding 10% COC in any major texas metro... Those days are long gone in any city that many investors are looking to buy in. You should be able to hit 4-6% in SA if you find a good deal.
Post: House Hacking a Single Family
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
Yep - Been doing it for almost 4 years. Bought a 3/2 in DFW for 220k and have been leasing out two of the beds to various friends and college students and it has covered my mortgage payment the entire time. Great way to get into investing and take advantage of owner occupied financing.
Make sure it will cash flow when you move on.
Post: How to get financing as a stay at home mom
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
You're going to have to utilize his income to get loans... If you want 4 in your name try using him as a co-signor? I'd get connected with a good broker or lender and your area and talk through options.
Post: Advise on misrepresented information by Agent
- Real Estate Broker
- DFW
- Posts 337
- Votes 263
Buyer beware. On stuff like this in which the other agent is verbally telling me something I usually like to get it in writing for this very reason. You're just going to have to eat the cost of adding additional spaces, hopefully it's a good deal and it won't matter in the long term.