All Forum Posts by: Ryan Harthan

I've heard people refer to themselves as real estate investment consultants and professional home buyers in the past.

[email protected] is who I use when looking at FL properties.  She's puts out quite a few deals

Its worked for me.  Once you get to know the wholesalers in your area you keep running into the same people everywhere

A house with a lifetime transferable warranty is an asset not something that's going to hurt your sale.  Your buyer doesn't know if any of the neighbors have any settling but are insured that your house is structurally sound.

I do all the time in San Antonio. Should be looking at $175-200/ pier on slabs. $5,000 should pretty much lift an entire 1,500 sqft house. If it's more than a 4-5 inch drop it's likely to split the PVC plumbing under the house requiring your foundation guys and plumber to tunnel under the structure to fix the plumbing. If it was built before like 1965 it's likely got cast iron plumbing which will crack after even an inch of lifting. Remember it's got to be off more than 2.4 inches in a 20' span to be outside of FHA tolerance. Get a lifetime transferable warranty and make sure your guy pulls the correct permits.

Texas cash on cash returns in the high teens if you're willing to sacrifice quality of neighborhood. It's pretty much an inverse relationship: ROI vs. quality of neighborhood.

You should look into a series LLC. That way you have one LLC but place each property in a different series.

I agree with Scott, you shouldn't not do a deal because of tax implications (in this circumstance).  If you make money, you're going to have to pay taxes.  If you make a lot of money, you're going to have to pay a lot of money in taxes.  Just remember to put the appropriate amount aside for when that day comes and you'll be fine.  Look at it this way, if you don't do it, you'll have to pay no additional money to the government but you'll also make nothing.

Tax appraisals are done completely differently than standard appraisals.  More often than not a tax appraiser does not have time to actually see each individual house unless someone is contesting their taxes.  They can't take into consideration the condition of the property and in many times do not have access to recent sales comps (especially in non disclosure states).

@John A. We've actually had software developed to help us keep track of everything.  With a couple of guys doing full time acquisitions we don't want to go doing the same work twice or offering on the same house twice.  But if you're doing it on your own a simple excel spreadsheet should work pretty well.  I'd have one of the first columns be something like an action date - like when is the first day you can submit an investor offer, when it went AO, when it went pending and with whom.