All Forum Posts by: Barry Ratliff

@Teresa Tramp I have rehab 4br 2ba 1860sf in 49 zip. What's the rent rate for this house? I have for sale at 190k.

Would like suggestions what you would do. Here's what I have: A) 17ac ranch with dbl wide mobile value 300k, no loan. No cash flow. B) Sf 3/2/2 rent house 200k value, no loan. No cash flow son lives there. C) Sf 3/2/2 airbnb w/ 140k note 1500 mo, value 220k. Cost segregation on all 3.

What strategies would you do to get cash, pay debt and keep property? Or sell all?

Anyone have experience as HOA Management in what happens to revenue when property owners losing their houses? Does HOA have loss of income insurance or some fund to make up the losses until owners get property rehabbed or built? I'm curious.

Unrelated to HOA but if homes won't pass the safety engineered designation, who demo's house and haul off and when does HOA or city make owner to remove?

@Parker Reyna it has been driving investors to my area, raising prices, traffic, crime and taxes. I'm in Bell County.

I have a Home that gets alot of interest wanting to owner finance. I'm not in position to do so, but are there people or companies who would buy my existing home to owner finance to that buyer? Property is on 1 acre in Central Texas, Temple TX, that has complete gut job rehab priced at 300k. Let me know please. Thx.

@Travis Rogers are you interested in listing these on mls? I'm a investor friendly broker on Temple and mls will yield highest returns unless you just wanna work direct with investors ar a discount. We can discuss further if you want.

@Ronny Roktel hello Ronny, welcome to the REI world. I'm Bell Co investor and investor friendly broker. You can dm me.

@Brandon King I am a Temple Tx broker and don't mind giving comps. Relationships is how good realtors survive in the business. Hit me up. BarryRatliff.com

Quote from @Andrew Hogan:

@Barry Ratliff what strategies have you come across having been in the business yourself since 1986?

Unfortunately I did not plan. Starting in new home sales rising to VP of sales and marketing for local builder for 13 years, then starting own real estate company(1000+ transactions), home building(400+ homes) and land developing(300+ lots) for 11 years, mortgages(40+) for 3yrs, self brokerage sales along with fix and flips(60+ flips) to present. Going through 3 recessions in that timeline, I would have set backs along the way. Never owned rentals due to using capital to buy land and build my businesses. With the mortgage crisis in 08, I liquidated all my assets to pay off all my creditors, suppliers and other liabilities and basically started over. In last 4 years of fix and flips along with wholetaling, I have made more $ on my own with good cash reserves to pay cash or JV with other investors to buy property with cash along with brokering real estate. Now I am seeing that I need passive income to not work as hard to maintain my current lifestyle and enjoy assets I have along with vacationing and not worry about being unemployed every time I sell a property to find another to fix and flip. Would much rather have some balance. Now at age 61, I missed the boat years ago to plan for what I need today. I have many examples of generating income but none passively. Hope I didnt bore you.

Looking to invest in low involvement real estate passive income strategies in Texas.