All Forum Posts by: Naz Hossain

Hey Spencer. Welcome to the area. I do a lot of marketing/sourcing for off market deals and there are some months were I cannot manage all the deals coming my way which I assign out. I don't mass market most deals and usually offload it to a few folks within my circle. Happy to connect

You can go to the city website to find all contractors who are licensed and registered with the city. Then I call every single one of them to have a chat and get a feel for them. I manage all my work remotely so I have to find the good ones.

 I am trying to ensure there is monitoring between occupancies - yes. That's what I am trying to do, is have a doorbell camera there. But the doorbell camera requires wifi to work. Pretty much why I am in this dilemma. 

Hey BP! So i am in a situation where i would like to have security system in my house. 90% of the systems require wifi to work properly but Simplisafe works on cellular, but at times it is finicky. I transfer the ownership of the security system to each new tenant after they move in and take ownership back after they move out. This ensure continuous protection/monitoring of the house. However, the video camera's with simplisafe only work with Wifi and I have always requested my tenants to set up their own wifi. 

Here is what i am thinking. Should I just have wifi set up and bill it into the rent? That way my continuous monitoring after a new tenant vacates will also include video recording and doorbell camera possibilities? 

Would like to hear some opinions on this

@Jeffrey Weiss the title company you close with have their attorney look over all the legal docs. As long as you are using a reputable title company - you are in good hands

You need to keep in mind that HMLs will only disburse funds on completed work. They wont just give you money if you ask. They will send out inspectors to look at your project, verify that the work has been done then disburse the funds. Rates are usually around 10-12%, 2-3 points for first timers. 

As for contractor that would depend on how much time you have. If you have time to manage trades yourself, you can but contractors can save you that time. 

Yes, hard money will 100% pull your credit to lend to you, they will require a personal guarantee if this is your first time. 

You can use HM to purchase the property and HELOC to pay the downpayment and kick start the construction and make draws to pay it back or use your HELOC entirely if rates are lower then use HML to finish up. Then pay them both off when you refinance. Many ways to go about it.

Hope this helps! 

So here is my take. The rising rates will stabilize the prices or call for price correction or crash ONLY depending on when all the new construction starts hit the market. If supply chain issues continue, then we can expect prices to not drop too much but if raw material costs and supply issues are solved and all houses are dumped into the market all at once, then "houston, we have a problem"

So i've lived in a place as a tenant near the rail road. In San antonio itself actually. It's not that bad. It's not like the train comes every hour.. you can still make it a short term/mid term rental. Probably not to travel nurses but definitely to other professionals

The first thing I would do is fire that agent. Knowing that you are out of state - they should know better than to just worry about their commission. They have a fiduciary. What brokerage is this again? 

Weirdly enough i am dealing with the exact same situation currently. Reach out to me if you want to chat more and I can let you know the outcome

I think the most under valued is your boots on the ground. Not with any specific job role but does a little bit of everything. For example, goes to take pictures of houses on the market, ensure tenant move out is done, ensure new tenants get keys, pictures of construction progress etc. I agree with the core 4 but it SHOULD be the core 5 really. The 5th person being your utility person/rover in all cases. 

I'm learning too as i had to move away from all my investments mid construction so.. it'll be fun! All the best!