All Forum Posts by: Account Closed

Hello,

My first ground up build will be completed by end of month.

My builder states that he’s only providing a 1 year warranty “for any defects or bad workmanship”. Is this standard?

What’s the typical industry standard for a builders warranty?

Could anything outside of this warranty window come to haunt me?

What about the 1-2-10? Is this no longer?

Thanks,

Nick

Hello,

My partner and I are nearing completion on a ground up build in Horseshoe Bay West. We are interested in learning more about what a refinance would look like if we choose not to sell the property.

I am would like to begin connecting with lenders to learn more about this process, what it would look like, and the costs associated.

What information is needed to begin this process?

FYI - This would be our first refinance.

Thanks in advance,

Nick

Hello,

I bought a home in the Bishop Arts area in December 2021, one street south of Jefferson Blvd. A really beautiful home that was completely renovated which included an additional 15-20 feet of home addition to the back of the house. A complete gut and rebuild. This home is currently a long-term rental. 1,900 sqft, 3 bed, 2.5 bath, currently renting for $3,400.00 per month.

Recently, after some conversation with my neighbor, they let me know that they desire to sell their home and move away. I told him that I wanted to purchase the home. 

Home in Question: 1,996 sqft, 4 bed, 2 bath (duplex) / (Likely to adjust the bedroom / bathroom matrix to meet local demand). Will likely need to be completely gutted and rebuilt.

 He text me the other day letting me know that he's ready to sell. 

I want to creatively finance this deal. I have no experience with creative finance, but have an understanding of how this strategy is executed.

I have a few concerns / questions / thoughts:

1. How do I creatively finance a deal that will need major rehab?

2. I do not have capital for this deal, but can run / manage all construction etc, as I live locally.

3. I need a partner to compete this deal.

4. I have not presented creative financing as a solution, but I am confident that he would accept such a proposal if I could help him get what he wants.

I look forward to your input!

- Nick Aja 

 Sorry for the late reply! Thanks for reaching out. I will give him a call.

Thanks,

Nick 

Hello,

I currently have access to Crexi and Intelius for ownership data gathering fro lead generation. I am specifically using this data to generate short-term rental property management leads.

I am hoping there is another source similar to Crexi that I can utilize as well.

What might you have to suggest? I am not interested in paying for skip-tracing for a cost.
Thanks,

Nick

Hello,

I am currently building a 1570sqft two-story home in Horseshoe Bay West on Faultline Drive.

The slab is curing, and the home will be fully framed within about 2 weeks from this coming Monday.

A couple questions:

1. What's a conservative price per sqft that I could expect to list and sell this for?

2. How long might I expect this to sit on the current market?

All constructive input, suggestions, and concerns are welcomed!

Thanks,

Nick 

Hello!

I have been shopping around for landlord policies, and they are EXPENSIVE! 

I have narrowed the decision down to Steadily which is about 20% cheaper than the others. Average seems to be around $5,000 or more.

What do y'all know about this? Who are you using, and what does it cost?

Home Details: 75208 / 3 bed 2.5 bath / 1912 sqft / Primary Coverage Limit - $310,000.00 / Completely rebuilt in 2020 (all new roof, systems etc)

Thanks!

Nick