All Forum Posts by: Wardell Picquet

111 Inslee Ave, Alamo Heights. Main bldg: 1618 sq ft, 2 beds, 2 baths. Converted garage in the back: 658 sq ft, 2 beds, 1 bath, efficiency kitchen. Main bldg was taken down to studs and rebuilt. Completely new roof (framing included), siding, electrical, plumbing and HVAC.

Combined square footage of 2276. ARV $550K - $600K. Selling As-Is. May be willing to JV, depending on offer.

Take a look to see the value in this gem.

Wardell Picquet

Rampart Real Estate Enterprise, LLC.

210-625-0645

[email protected]

Having troubles with a general contractor. Can anyone recommend a Real Estate Lawyer in San Antonio, TX?

I'm using a Hard Money Lender for a Flip. I paid the contractor a portion of the original bid amount to start on work. He has not finished the work he was paid for but has started on "change orders" that I did not authorize or sign. My question is : Can he still file a Mechanic's Lien against me? And what does that entail, exactly?

This is a serious newbie question, but I'll go ahead and ask anyway. I want to start flipping houses here in San Antonio and I'm seriously considering hard money. I've read about the Closing Costs associated with the hard money loan ( fees, points, interest, etc.). What I really want to know is: will hard money lenders consider the Closing Costs associated with the Purchasing of the initial distressed property to be part of the purchase price or does the borrower have to take care of that as part of having "skin in the game?" 

@ Paul Timmins. Thank you! I've attended 2 of the 3 local REIA meetings. I have J. Scott's books and his Flipping Spreadsheet. I have the Rewind info. I would, however, appreciate more info on the HUD homes strategy.

@ John O'Leary. Thanks! What I would like some input on is how the "team up" should be structured in terms of who does what and who gets what?

@ Swapna Bareddy. Thanks and the forums are definitely on my to-do list.

@ Brandon Turner. Thanks and it's great to be here!

@ Mark Nolan. Thank you for the advice. I've already checked out Beginners Guide and How to Flip a House.

@Tristan C. Thank you!