All Forum Posts by: Nina Hayden

Interesting. On another note I've been in Austin and checking out several deals (not on market). I also happened to check out the MLS just for kicks. Noted several listings that have been on market for over a month and price reduction.

I do think a lot of people have stopped looking/applying.  I have a recent tenant in same situation, gave up losing due to bidding wars.  I don’t blame that tenant!  I wouldn’t buy with all the crazy contingencies being waived and way over asking price.   

Agreed!  Investing to me will never be buying way over asking price and then not cash flowing.  We may not be like 2006/07 situation, but wow, a lot of these “investors” making stupid buys. 

 None!  And according to a lot of realtors it’s time to buy! Nope.  

 Or get into apartment investing!  I’m looking at a deal right now that will be 12% return.  

I have also considered doing the same for one my properties.  Huge lot and would like to build a couple units that are spacious enough with backyards and parking space. But one unit  will go to family instead, so not my homestead.  Have seen many that are done well!  Def talk to an 1031 expert.  

So, on the closing table you found out???? Because when title is opened from the moment one of the agent sends the contract to the title, HOA docs need to be ordered ASAP, meaning you should have found out back then! It's just weird how your agent didn't tell you either because someone had to pay for HOA docs resale certificate. Trying to understand how you weren't told this important information.
FYI while SKelly was reputable and seemed very knowledgeable as well as experienced, they were on the high end of renovations.  I got a job done for 8k when they quoted me 38k. So again, sorry! At this point and given the market you’re going to have to decide what you are ok with spending wise.  

Did you just close on it?  As in today? Right now finding good contractor that is reliable will be your first step.  They will come out and check out the job; they will file the city permits.  My guys are wrapped in big project.  There’s one gal,SKelly Home Renovations, you may want to reach out. I had her bid on one of my projects.  

So sorry! Sloppy agents on both sides wanting to make that quick sell. Not much you can do. In order for you to add that kitchen you're going to need to get solid contractors and you will certainly need city permits. Terrible how something like HOA was easily missed.

Makes me wonder how and if SEC plays into this situation.  On top of this and that it smells like a scam....I found it so intrusive to be emailed when I didn’t solicit for such thing.  Glad I use a bogus email so I can separate the scams.