All Forum Posts by: Todd Faulk

@Jimmy Lieu every year is a good year, you just need to start. Just remember you make your money on the buy and you’ll be fine! Good luck and let me know if I can help with anything.

@Jim Bailey I do not think a broker can pay to an LLC. I tried to set up an LLC as an agent and the rules said you have to be a broker to receive payments to an LLC (if I remember correctly). It was a TAR rule I think.

I found this (from 2015_ http://texasrealest.com/2015/10/23/dba-vs-llc-in-b...

"On occasion, a license holder will attempt to use the name of an LLC or corporation as an additional DBA or assumed name of the broker and will submit a “Notice of DBA or Assumed Name” attempting to register that name with the Commission. The Commission, however, will reject such a form because an LLC or corporation cannot be a DBA of a broker. A legal entity must have its own broker’s license and a license holder cannot register the name as a DBA to avoid this requirement. "

Things might have changed, the best thing is to as your broker, or call the legal hotline.  

(Disclaimer: I only looked up for Texas real estate)

@Matt Wood  https://www.terraresidential.com/ comes highly recommended from several sources.  Hope that helps.

Hi @Matt Wood, what area of Texas are you looking for recommendations?  Greater Houston or another metro?

Awesome news @Santos Gloria good job sticking with it!

Hey @Ivan Lai , the rental markets in Spring and Tomball are awesome!  I self-manage my properties but I asked around for you and the highest recommended company was http://www.terraresidential.com/.  One of my contacts said they "highly recommend them", so I feel good about sharing them with you.

Congrats on your portfolio, I hope they are working out well for you.

@Rob Drum what do you mean "fail to process"?  Are you saying Cozy has not gotten back to you, they disappear from the system, they are denied somehow?   I am interested in your problem as I was about to sign up for this service when I saw your post.

It looks like other people have had problems with Cozy taking longer than expected to deliver a response. https://www.biggerpockets.com/forums/52/topics/560....  Sounds like they have a good customer service, I would send them a message.

If you need something immediately, there's always https://www.mysmartmove.com/.

@Alex Price sure man, feel free to reach out when you are in town.  Safe travels.

@Alex Price Houston is a great place to live and invest, but geographically speaking it is massive.  @Jim Cummings and @Mitchell Benson are right that Houston has many opportunities both inside the loop, the suburbs and even out to adjacent areas of the city limits.  As an example, Conroe, Texas (just north of Houston) was ranked fastest growing city in America from 2015 - 2016!  

If you are moving to Houston for work I would recommend figuring out your personal housing that accommodates your work situation first.  Depending on where you land there is a good chance that investment opportunities are all around you, and you can work and invest close to home.  I live in North Houston and have at least 5 prime investment markets within 40 minutes of my house.  (The Woodlands, Spring, Magnolia, Conroe, Tomball).

Keep in mind your investment strategy (flood reno, long-term rentals, flips, vacation rentals condos, multi-family) as well, not every part of Houston will be prime for all the different type of real estate investments.

@Sarah Montes is right, Texas is Hot, both figuratively and literally ;)  Dallas and San Antonio are amazing markets as well.  If you have a solid investment strategy and some good connections you should do well.