All Forum Posts by: Roberto Andrade

@Joshua Dorkin @Brandon Turner Congratulations to you both! I'm currently in No. 60 but catching up and learning lots of great stuff. Keep the good work!

@Jonathan Schwartz 10% ARV min.

Check http://www.amazon.com/FLIP-Find-Sell-Houses-Profit... for a solid method.

Good luck in your project!

Great! Here's my RSVP.

@Randon B. , I believe right now Austin market is better for flips and new builds.

Good luck with your MF deal search

Thank you @James Syed 

Thank you @Curt Davis , I'm looking to understand the best and right way to structure your own entities (SFR properties and the property management co.).

50% rule yes. 2% rule no chance, my best so far is 1.3% in Kyle. 2% rule in TX probably in San Antonio or Houston.

Good luck!

In the case that you have your own Property Management entity set-up to service your own rental SFR properties. What is the best rate to charge yourself? Same as any outsource company (i.e. 8%-10%) or do you charge less than the market rate?

Update:

Indeed, the Plumbing inspection revealed a leak. We offered the Seller to take the risk for a $9K price reduction (based on previous similar plumbing experience). Seller preferred to go to their insurance and request to repaired it. Unfortunately this option took too much time for me to wait, plus there was almost no capital gain in the deal, hence I decided to terminate the contract.

Ready for the next one!

Good luck on your project @Darin M. , seems like you have your check list in line.

1960 house + Central Texas = Foundation issues

My recommendation is to make sure your Home Inspections includes a Foundation check.