All Forum Posts by: Greg H.
Greg H. has started 51 posts and replied 4177 times.
Post: Rental Real Estate Agent won't refund my money and ghost me.
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
My first stop would be to contact the Broker and follow up in writing that you will contact the real estate commission if this is not remedied within 10 days. 2nd stop would be a complaint with the Board of Realtors and the Real Estate Commission. That should get their attention
Post: Happy To Be Back
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
There is no reason not to post the number as it is 87% net to HUD. Actually in certain instances they will take lower even today although the system has changed a bit over the years. I have purchased well over 1000 HUD homes
Post: What’s the Fastest Way You’ve Closed a Deal?
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
I have gone to a property with deed and cash in hand and the seller followed me to the courthouse and we recorded the deed. This was a low dollar property and I had done some title research before going. All worked out well with a nice profit
Post: Need Help with Rat Odor Elimination
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
I would try an ozone generator. You can buy them on Amazon
Post: Eviction lawyer - Houston Texas
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
I would suggest googling an eviction service as that route will be much cheaper. Texas law allows literally anyone to handle an eviction. You can have a handyman represent you as the process is very simple
Post: General Warranty Deed v Special Warranty Deed
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
Quote from @Chris Seveney:
just quit claim it:
Title companies in Texas frown on quit claim deeds. Since this is an administrative transfer he will likely be fine although there is really no need not to do a general
Post: Another investment property or primary condo in LA next?
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
Not the biggest Dave Ramsey fan, but I do believe in 'live like no one else so eventually you can live like no one else"
While I have owned a home since my early 20's, I never had the dream home but more like shelter. At 59, I now own only my second ever new vehicle.
I have flipped houses for 30+ years. Every time I flipped a couple, I used the profits to buy another rental. Never lived anywhere close to the top of my means
By doing that, the last 10 years or so I have lived the dream. Net $20+K per month in rental income a month and not only have a very nice home but have a nicer vacation home.
Post: We believe we have someone smoking MJ in one of our properties
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
You might not be cut out to be a landlord if you think you can micromanage your tenants. Medical marijuana is legal and vaping does zero damage to a property. Smoking cigarettes in a unit does damage due to tar and nicotine which is not a factor with marijuana especially vaping
Post: Bank owned (Sheriffs sale) property and owner is
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
Quote from @David Krulac:
@Greg H. In PA, you can't file eviction (done at the District Justice level) because they view eviction as only applying to tenants with a lease. Therefore you need to file an "Ejectment" which is done at the Court of Common Pleas, which effectively requires an attorney to handle the filing and court appearance. At the lower District Justice level most people got without an attorney and the rules of the court are more lenient and user friendly. We had a case at Common Pleas, where we had an attorney and the filing done by the attorney was rejected by the judge because the margins did not conform to the local agreement regarding margin size on the printed page. Just to give you an idea about how picky they are at that level. Ejectments will cost more and take longer to process through the courts. During Covid the courts considered those types of cases to be non-emergencies and would not even accept a case. We have had Ejectments take more than a year to process through the system, before the Sheriff actually comes by to physically remove the occupant.
After I posted, I remembered Steve from back in the day posting that it was not easy in Penn. In Texas, we just file for straight possession without any financial remedy. We can get them out is 21 days or so
Post: Bank owned (Sheriffs sale) property and owner is
- Broker/Flipper
- Austin, TX
- Posts 4,356
- Votes 4,254
This is almost certainly going to Require an eviction. These former owners are living for free and have an attachment to the property. Become familiar with the eviction process and timeline in your area. You might want to consider cash for keys(paying them to leave)