November was 93.1%
I am full in austin meaning 100% occupancy. Now I need to get full and paying but being full is a good start. Check out the write up from ALNsystems.com about the Austin, San Antonio, Dallas, Houston, and Fort Worth markets. I attached them as a PDF to this post.aln apartment data 1-11-11
The wall street journal has an article about CALPERS changing thier real estate strategy. From real estate private equity to CASHFLOW.
Do you have some cashflow in your portfolio? There certainly is a place for some flips, rehabs, etc but cashflow is where you make money long term in real estate. Do you need to discuss your real estate goals with a professional real estate investor? Call me…(512) 782-8982 or email me.
I really like the part about the cheap air conditioning! Especially in summer! I dont like the part about the budget deficit that Texas faces.
Overall, the article provides some evidence that supports my reasoning for real estate investment in Texas. Do you have a real estate quesiton? Need a real estate consultant? Need real estate expert testimony? Are you ready to make some investments in Texas real estate? Call me 512-782-8982 or send me an email.
“I hit a telephone pole that’s why I can’t pay my rent. ” Yep thats the latest excuse that I heard as to why the tenants could not pay thier rent. They even attached the picture below…..
My advice to them was to follow Ron’s rules and things that make you a better landlord and investor: Rule# 235,876 Slow down and pay your rent in the mail!
You never hear of the mail man hitting a telephone pole that’s why the rent did not get there on time.
Today was the beginning of a wonderful trading adventure. I traded a mercedes benz for some cash and a computer
Now I need to trade the compter for something of value to me. Have you done anything creative this year. The proceeds of the sale fo the car are going to charity and if I can get something of value for the computer it will go to charity as well. Got anything for trade? I am a taker with a computer and I can add some real estate. Continue reading Traded a Mercedes Benz for some cash and a computer
What can a real estate trade look like. I purposed a trade for a 4-plex on a street where I own several other properties.
The house shown above is for sale or trade. What is a real estate trade? Most people can only think in terms of cash from a lender to a seller for real estate transactions but in fact Trading something of value for real estate happens all the time just not as frequent as a cash sale does. Continue reading 7910 Rosenberry for sale $175,000 or trade or something creative!
This is a property with 2 houses on one lot. The small house needs work. Click on the following link to see the listing details and some pictures.
I will trade it or use it as the down payment on a larger property. It is listed for sale for $125K. Continue reading 21903 Cold Springs for sale or trade
This week I made an offer on a foreclosed property this week. It was listed for 69K but I only wanted to offer 45 to 50K. Why such a low offer on an already reduced priced house? The house originally had a loan on it for over 133K and I only wanted to offer 45 to 50K b/c of the foundation issues that will require a foundation repair and will forever impair the salability of the house. In addition the plumbing will most likely require some repair if not today sometime in the near future b/c of the foundation work that is needed. Can this house be financed today? Continue reading Offer on a foreclosure in Austin
over the holidays I had to deal with a fire in one of the apartments that I own. I am relieved that the resident was not killed and thankful that the damage was not to the entire building! Fires can wreck a real estate investment luckily this one is insured so the damage will not be as large as it could have been, but nevertheless it is a big distraction when you want to start the new year on a positive note. Check out some of the pictures of the fire
after the fire Continue reading FIRE!!!