All Forum Posts by: Preston Dean

Hey Brian, You might consider posting this in the CLASSIFIEDS section of BP. You might get more traction. I believe that is for people seeking connections like this post

 Hey Gabriel! I am a licensed realtor in DFW and mainly do business on the FW side with all my investors and clients. I have a large list of vendors that I work with from home inspectors, roofers, to mortgage loan officers.  I'll send you a connection request!

Hey Maegan! I am in FW Texas but my wholesalers do business up there! Ill send you a connection request and try and help you get connected

Hey Dustin! 

for your second question, I can send you a message and connect you with my wholesaler here in Fort Worth, TX. He has tons of contacts & would be able to get you in touch with those who are in your area.

As a realtor, I use something called REMINE. Its a software that compiles all the data necessary for sending direct mailers. If you get in touch with a local title company they should be able to help you run a similar search but might charge you a small fee 

In Texas, an appraiser gives about +$10,000 to the value of the house per garage space. So if you have a 3 car garage the appraiser would give it about an additional +$30,000 in appraised value. If you were to convert the 3 car to a 2 car you'd lose about -$10,000 in appraised value, so if it cost more than $10K for the conversion then it wouldn't be worth it. 

Hope that helps a bit! 

Although I am not from Cali but I do remember my first itch to get into RE investing! Keep that momentum going. As a licensed realtor, I would only suggest getting your license if you plan on representing clients and upholding your fiduciary duty to them. Getting your license can be an expensive side hobby with not a lot of pay off if you don't keep your pipe line full with potential leads. One of the plus sides is you can see all of the MLS and have access to everything.

There are so many knowledgeable people in the forums I know you'll get connected with someone in the Bay Area! 

If not I can connect you to someone!

Hey Quinell

My wife and I are in a similar situation. We have not yet pulled out any money for a HELCO but plan on doing the same thing. What would be the monthly payment for the HELOC? is it distributed over 30 years like a mortgage with a new interest rate?

Absolutely! I would do that if I were in your shoes. 

I think your starting off with the right idea in mind, by fact checking.

I've always been told to "inspect what you expect" and if I am about to purchase a property with tenants you better believe I will be doing everything that I can do find out about those tenants!

Hey Zachary, 

is the property on some acreage?

or is it in a residential neighborhood?

Man, I am so sorry to hear this Darren!

My first question would be is all of the duties/expectations of each party outlined in some kind of document? 

Second, I would keep documentation of what you mean when you say he is not fulfilling his end of the deal. For personal use and if you need to show this to a lawyer

third, I wonder if buying him out would be an option for you. Kind of like cash for keys but for a partner..

I'm sorry Darren!