All Forum Posts by: Jim Cummings

@Randall E Collins.  have the person go here. 
Fitness Determination | TREC (texas.gov)

Good luck!
 

Median Price In Austin Metro Has Skyrocketed over $100K In The last 6 Months.

https://tinyurl.com/3rfn3hpa 

Dallas and Austin Top Texas Cities For Foreign Investment

Association of Foreign Investors in Real Estate) – According to a survey from the Association of Foreign Investors in Real Estate (AFIRE), ​Austin and Dallas are top U.S.​ markets for​ international investments in 2021.

Survey found 30 percent of all respondents cited Austin as a top three market for planned investment this year. Austin tied with Boston for the top spot for investors. Dallas followed closely, ranking third with 29 percent. Rounding out the top five were Atlanta and New York City, at 25 percent and 21 percent, respectively.​

Some 33 percent of respondents said Austin would be a top three market for them in the next three to five years, more than any other market. Boston and Dallas tied for second at 24 percent.

Meanwhile, 23 percent of respondents identified Austin as their top target market, more than any other market. Austin's top ranking on this list is unprecedented, according to AFIRE, as a tertiary city has never ranked No. 1 before.

Overall, 90 percent of respondents said they plan to increase their position in U.S. cities over the next three to five years.

Of the markets foreign investors plan to leave, New York, Chicago and San Francisco top the list. Houston was also in the top five.
Multifamily and industrial property are the biggest targets for foreign investors over the next three to five years. ​Interest for office and retail property has cooled, but hotels are gaining interest.

Investors from Asia, Europe, and Canada are expected to make the biggest contributions within the U.S. real estate market over the next few years.

The survey gathered insights from 101 respondents across 19 countries.​​

@Laura Dalton. Thankfully, I have not had that situation come up. I would first attempt to collect from the non-paying tenant. If the situation persisted, I would try to involve the other tenants in rectifying the situation.

@Pete Harper. Homes posted by Banks or any other entity that is foreclosing is also available on the list - not just the Sheriff Tax Sales. 

Agree with your summation about better properties being pulled due to a number of reasons and yes - you also see them reposted a few months down the calendar. 

The posting list and auction is like most any other scavenger hunt / garage sales - you'll need to sort through a lot of chaff to find the occasional gem.

@Kate K.. I solved the Cleaning Situation and a few others with having an Addendum stating the Tenants Responsibility is to leave the property "Broom Clean" and the following charges would be made from security deposit to cover cleaning, carpet cleaning, pest inspection & treatment, changing of locks, etc.  

DM off forum & I'll send a copy if you find it beneficial.

@Frank Csernik. In Brazos County (Bryan / College Station) I can go to the County Clerk's website during the latter days of the month and find the properties that have been posted to Sell on the first Tuesday of the month. Like all other lists it's only good for the moment it was posted as some of the properties will get pulled or redeemed before the auction.   

@Pete Harper. YES! The old adage of you can sue anyone at any time applies. Small Claims (JP Court) is limited to $10,000. Put in a penny over and JP could toss the whole thing out or let you modify to reduce to below $10,000. 

In JP Court you can represent yourself, and cost of filing in JP Court is low. 

Good Luck!

@Account Closed. RE: Your post. Seems to me there are plenty of other options to try before going to such extremes. I'll bet starving her out would work. So would tear gas. Instead of bashing the door in and rushing in with guns drawn, perhaps simply removing the door.

Doesn't appear from the original story, they tried the option of starving her out, tear gas, or removing the door. But you have to know and recognize the long drawn out bureaucratic and legalistic process this case went through before the decision to forcibly evict her. It was NOT a one day process. There were many many points along the road where this person could have taken the proper off-ramp and avoided the situation that ended up costing her life.

As for the police officer that shot the person, I wouldn't think they wear it as a badge of honor or achievement, but when you fire at a police officer, what could you expect but a fusillade of fire in return - self preservation!  My guess is, the officer that fired the fatal shot is probably not the same officer that was fired at by the woman. Additionally, the office now faces a long drawn out process of Police and Legal review of the shooting in which the officer could be accused of murder, manslaughter - whatever else might be thrown at them, along with the accompanying costs of defending themselves in legal annd court proceedings. 

There is a term you hear on occasion in law enforcement circles - SBC - Suicide By Cop! Possibly that was her motive. 

Again, your opinion may vary - that's your right! 

@Account Closed. You are both certainly entitled to your opinion, but your views are very much in the minority on this forum. 

Would be interested to see how you would handle the same situation in one of your investments!