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All Forum Posts by: Greg H.

Greg H. has started 51 posts and replied 4177 times.

Post: Operate a property management llc under sponsored broker

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

While it is allowable by TREC rules to do this, you are most likely going to have a difficult time finding a Broker who is on board.  There is huge liability on the property management side and the Broker will be assuming responsibility for your actions

As a Broker, I have been approached regarding this a few times over the years.  There is no way I would ever consider this type of arrangement

Post: Flat fee MLS broker 0.5% due at closing (Colorado minimum service state)

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

I used a flat fee agent to sell my property in Grand Junction in early 2022.  Whatever company you use the agent will most likely be Chery Bradley.  She did a fantastic job for me.  Basically full service for 1/2% which honestly as a broker myself I would not do

How will it be enforced?  One you make payment you will be sent a listing agreement just like with a full service broker that will state 1/2% will be due the selling agent at closing

Post: Experienced Investors: Timing / Are you now doing deals?

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

@Jon Q.

Did you actually change your last name to Quest?

Post: Pulling permits for a rehab

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255
Quote from @Aaron Schrader:

I’d think it’s area dependent- in my region homeowners can do a lot with no permit, and can do their own electrical and plumbing with permits. So here a demo, meaning tearing off drywall/plaster to get to the studs- doesn’t need a permit, so you could tear that stuff out and then pull an electrical permit. But for Baltimore? My guess would be that it’s a city that requires permits for everything so you may just give them a call and see what they want. 


 Not topic related but I think I met you a couple of summers ago at our summer home in Lead when you were going door to door.  Still get some market update emails from time to time.  The market has changed a bunch up there in the last few years. We will be back up there in June

Post: New to BP - looking for a home purchase offer form - Texas

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

Go to the Texas Real Estate commission site and they have all the forms that you can download for free.  https://www.trec.texas.gov/

Post: Purchasing Older Properties

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

I live In a brand new home along with having a summer home that is 100+ years old that has been renovated 

Most of My rentals are 1950 construction that are on pier and beam foundations without central air. Upkeep could not be simpler as plumbing is more accessible with very few major items to repair/replace 

Post: What EXCITES you the MOST about Investing in Real Estate?

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

Finding the deal and seeing it to fruition is the fun part for me. Sports has guided my life and I literally don’t know anyone as competitive as I am. Real Estate has blessed me financially more than I ever imagined 30 years ago 

Post: Plumbing issues. What would you do?

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

Finding trash bags and diapers lead them to believe there was a line break?  That is a strange conclusion based on the evidence. Mud would lead one to conclude a line break. Going in with a camera should provide clarity. I would want a video of the results if I or a representative will not be there. 

Post: Should I sell my mobile home to put a down payment on house

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255
Quote from @Zane Landeck:

I believe I could sell my mobile home for $30k-40k. I only cash flow about $270 a month. I feel I could make a better investment with the earnings if I sell it. Any advice here?

I think you answered the question yourself. If you can put that equity to better use, then you should 

Post: Is this the best or worst time to get into real estate?

Greg H.
ModeratorPosted
  • Broker/Flipper
  • Austin, TX
  • Posts 4,356
  • Votes 4,255

My guess is the yes responses here will come from the younger investors here who have not been a part of a full cycle.  Hard to believe I am officially an old timer but I have been at this since I was 20.  When markets turn south which has not happened yet to the extent it happened in the late 80/early 90s and the late 2000s, of course the number of investors will be whittled down

In many markets prices doubled in 3/4 years.  So even if the market has pulled back 10-20%, prices are still up substantially from 4-5 years ago.  Am I still buying?  Yes because that is what I do.  However, I tend to be a contrarian in some aspects and buy what many on BP say not to buy