All Forum Posts by: Jeyo Punnakottil

Be on top of this .It seems the tenant is just buying some time with them letting you know they will move out in 3 days .Good for you if they move .If they don't move, start the eviction process right away .Find some one who is well aware of the eviction process in Texas .Don't waste any time to file as it will take at least 2 months .The process is fast in Texas ,the court will only take 3 to 4 weeks to get it processed but depending on which county the property is located  it will take another 4 to 6 weeks after you get the writ of possession from court for the sheriffs office to schedule you a date  to meet them at the property .I recently had to do an eviction and from start of filing at court until the sheriffs showed up at door step it took me 7.5weeks .I always prefer cash for keys as evictions are costlier 

@Aiko C.

Your original lease states that you are the only person on the property.Now you recently got married sometime into your original lease and wanted to bring her to the LL property,so you discussed it with LL.The queStion to you is did your NEW WIFE move in and is staying with you without you signing the new lease.If so you already violated the Lease..LL demanding the seurity deposit for ur new wife and sending you a addedndum to lease and you have not signed the new adendum ,which posibily i believe is for including your new wife into the lease .IN THE EYES OF LAW YOU ALREADY VIOLATED THE LEASE ,you failed your lawsuit then and there.

Also in my state the Cure of leave letter is for 3 days which means if you donot cure the issue mentioned in the letter within threedays the LL can file for eviction .

@Jon Minerick Thanks for the update.I always thought it was possible to update it under property description.But i was wrong.

Does HAR(mls ) or TREC have any rules not to promote Owner financing on an active on market listing. I have a property listed on Har(Texas) and i want to promote Owner financing on the Property discription so buyers can see it.My realtor says she cannot put Owner fiancing available under the property discription section because of MLS rules.Strange.Never heard it before.

@Joe Funari Thanks for the referal

Any recommendations of Investor friendly insurence agency .I am a buy and hold investor and looking for an insurence agency who has experience with buy and hold investors.Typicall insurence agencies donot know much about buy and hold investing and they just throw a bunch of numbers out there to get your business.We on the other hand need insure out ppties to right numbers so if something goes south our ppties are inured .I need some one who has exprience working with buy and hold investors.

By any chance do you know which location Vanessa is ? I called First American title at Memorial and they said there is no one by the name and that there is a lot of First American title in Houston 

I am trying to sell a house and looking for an investor friendly title company that know how to do ownerfinancing .The title company i use donot do ownerfinacing deals+ wraps.I am from Houston texas.

Investment Info:

Single-family residence fix & flip investment in Houston.

Purchase price: $150,000
Sale price: $270,000

SFR
shortsale
Buy price :150k
CC: 6250
Rehab :35000
Exit strategy :Depending on the market either flip or Hold
ARV: 275-280k
Rent:1950-2150

How did you find this deal and how did you negotiate it?

Real estate agent ,it was a short sale and the agent was listing it for the bank.I was a prefered client for the agent .

How did you finance this deal?

Private money

How did you add value to the deal?

Added one more bed room,it was initally 3/2 .Made it into a 4/2

Thank you all