All Forum Posts by: Jarrod Weaver

@Juan Cordero PM me if you would like to discuss upcoming opportunities here on the north side. I have one brand new duplex that will be available in 3-4 weeks and another opportunity where the ground breaking just occurred that will be 7-8 months out. New properties have fewer problems (no deferred maintenance), a 1/2/10 warranty, and yield higher rents now and in the future.

You could also see about using it for a car/truck/boat Park & Sell lot. With the exposure you mentioned, this method can make a decent income while you figure out your exit plan.

Since I'm in Wilco I don't have a dog in this fight, but always watch with interest what happens down there. I understand that some might be negatively affected by the change, but am looking for the silver lining of who/how this will ultimately benefit.

What's the upside to the change? Will a vote happen to allow this, or is it coming no matter what? Will this continue to push growth outside the ATX city limits?

HELOC's are a rarity these days. Pre-2007/2008 they were very common and available almost everywhere. Today you are more likely to get a cash-out refinance instead of a HELOC. That said, I avoid big-box banks, but believe Wells Fargo may have a loan produce similar to what you are asking.

@Jasiel Burgos Find a full-time job first. Without employment history qualifying for any loan, including a 203, will be impossible. I like your idea though. Turn it into an action plan and stick to the plan. In 12-18 months you should be ready to go. Best of luck to you and your girlfriend.

@Michael Frankel just keep your eyes open for the current billboards in the area. They normally have the owner/media company responsible for them somewhere on the board itself. Google up the company and make contacts until you get to the right place. You'll find that only a couple of owners normally control a significant chunk of a regional market.

That is, if you don't sell it to one of the BP guys first!

Good luck.

Please read the link below very carefully. I wouldn't touch it and if @Matthew Teifke or any other can explain to me how it's wrong or flexible is some way I'd truly love to know. I wish this wasn't the case in Texas, but the penalties are far too great to ever consider this method.

http://www.lonestarlandlaw.com/Lease-Options.html

Appreciation is a bonus, not a business plan.

I agree about Hutto. Prices there offer more value than most other areas of the ATX metro. The homes there are newer, for the most part, and prime for cash-flow rentals. 

Know everything about the parcels. What is the FEMA zone and how does that impact the parcel? This single factor could make the land essentially useless or awesome - depends on the FEMA rating. You say it has utilities. Municipal water/sewer and power? Do the lines have capacity for 1 unit or 100 if it's subdivided? What is the cost per meter? What are the deed restrictions that determine what the property can be used for? You can't get it sold until you know what you have. Once those questions are answered it will determine where and how to sell it.

Shouldn't your broker be helping you with this????