All Forum Posts by: Joey Sullivan
Joey Sullivan has started 2 posts and replied 43 times.
Post: What document(s) needed to transfer property in Texas (Austin).
- Lender
- Austin, TX
- Posts 49
- Votes 42
@Sal Zafar, if you need a good title company, we really like working with Aimee Randle with Independence Title Company.
Post: Very motivated & serious about investing newbie from Austin, TX
- Lender
- Austin, TX
- Posts 49
- Votes 42
@Dina Miller - start networking
Here are some meetup groups to check out:
https://www.meetup.com/HomesForTheWin/
https://www.meetup.com/Investor-Underground/ - this one is happening tonight and it is a big one
https://www.meetup.com/lifestylesunlimited/
https://www.meetup.com/texas-real-estate-Investmen...
https://www.meetup.com/REIAAustin/
https://www.meetup.com/REALESTATEinvestormasterminds/
Post: New (ish) investor question
- Lender
- Austin, TX
- Posts 49
- Votes 42
Lifestyles Unlimited is a club that mentors multi family investing.
Post: First rental property help!!
- Lender
- Austin, TX
- Posts 49
- Votes 42
Originally posted by @Kevin K.:
Originally posted by @Joey Sullivan:
Originally posted by @Kevin K.:
Originally posted by @Joey Sullivan:
Remember to use your MLS comps as the touchstone. Don't do any more or less than what the comps are telling you.
From a safety standpoint the deck needs to be repaired, but doesn't look like it's going to help much in bumping the rent. I guess it either comes down to repairing and hoping that the rest of the deck doesn't fail/degrade or doing the whole thing.
The cheapest route might be to tear it down and haul it off. We had a great swimming pool at one of rentals in Round Rock. It needed some up front work to get it back to usable condition. But the monthly cost to maintain it couldn't be justified with the market rents (i.e. we'd get less cashflow), so we filled it in.
My backyard has a big drop off from cement back patio to ground, which is why the deck was added. Might be hard to justify renting with all the cash I'm going to need to put in along with unexpected monthly maintenance from tenants. Long-term Austin housing market gains would be the payoff at the end.
It sounds like you'll need to keep it then. I don't have much experience with decks.
Why don't you come to the Investor Underground tonight and we can ask what other investors would do. Danny Webber (the host) may have some good advice. Here's the link - https://www.meetup.com/Investor-Underground/
Post: First rental property help!!
- Lender
- Austin, TX
- Posts 49
- Votes 42
Originally posted by @Kevin K.:
Originally posted by @Joey Sullivan:
Remember to use your MLS comps as the touchstone. Don't do any more or less than what the comps are telling you.
From a safety standpoint the deck needs to be repaired, but doesn't look like it's going to help much in bumping the rent. I guess it either comes down to repairing and hoping that the rest of the deck doesn't fail/degrade or doing the whole thing.
The cheapest route might be to tear it down and haul it off. We had a great swimming pool at one of rentals in Round Rock. It needed some up front work to get it back to usable condition. But the monthly cost to maintain it couldn't be justified with the market rents (i.e. we'd get less cashflow), so we filled it in.
Post: Any investor friendly realtors in Austin TX?
- Lender
- Austin, TX
- Posts 49
- Votes 42
| Mark Colaci, REALTOR® All City Real Estate |
Post: First rental property help!!
- Lender
- Austin, TX
- Posts 49
- Votes 42
Remember to use your MLS comps as the touchstone. Don't do any more or less than what the comps are telling you.
Post: Networking in the Central Texas Area
- Lender
- Austin, TX
- Posts 49
- Votes 42
Here are some meetup groups to check out:
https://www.meetup.com/HomesForTheWin/
https://www.meetup.com/Investor-Underground/ - these guys are having their monthly event tonight!
https://www.meetup.com/lifestylesunlimited/
https://www.meetup.com/texas-real-estate-Investment-Education-Training-Networking/
https://www.meetup.com/REIAAustin/
https://www.meetup.com/REALESTATEinvestormasterminds/
Post: Looking for Wholesalers in Central Texas
- Lender
- Austin, TX
- Posts 49
- Votes 42
@Austin Pitts and the New Western team are very active finding deals.
And always try to call the We Buy Houses signs around town.
Post: Seeking recommendations on hard money lenders in Austin
- Lender
- Austin, TX
- Posts 49
- Votes 42
@Austin Pitts - thanks for the shout out
@Stephen Stokes - it's our pleasure to serve investors like yourself