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
an article in the austin business journal outlined the current state of new construction in Austin. You can find it by clicking the link below
Austin home starts down 26% in 4Q
2011-01-04 12:40 PM CST
Click here to read this article
For the existing housing stock this is good news as it means that builders are not adding to our existing inventory of homes and that as demand continues to build and as those living at home and doubling up move less and less inventory will be available for them to chose from. Continue reading Home starts down mean?? Increase in rents!!
From the Texas Association of Realtors:
“Many of us have been very concerned about the implementation of federal legislation known as the SAFE Act that would severely limit an individual’s ability to seller finance their property in Texas.
We are working on numerous regulatory and legislative solutions to this affront to private-property owners, and have some good news to report. At our urging, the chief regulator over the SAFE Act in Texas, the commissioner of the Texas Department of Savings and Mortgage Lending, has taken significant steps to allow Texas property owners to continue to seller finance up to five transactions in a 12-month period. Continue reading Owner Financing in Texas
Did you see the texaplex video?
Do you know what it means for your real estate investments? If not give me a call at 512-689-6742 and lets discuss how this video effects your current real estate and how you can use this information to enhance your investments.