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  1. MonTexan

    30 year fixed rate Mort: Is this the end?

    REAL ESTATE 
    This combined with the "SAFE" act which threatens to severely limit seller-financed sales isn't going to help the housing market any. I think it's going to force RE investors (especially flippers) to get much more creative. I also think RE investors as a whole need put forth a voice for their...
  2. MonTexan

    Progress thread: My first two deals and beyond

    REAL ESTATE 
    One other point on making offers that get accepted by banks: -- All cash -- $5,000 earnest money (yes, even on a $20k home) -- No option period -- Close in two weeks This is the recipe I have used to buy several homes, some of which I was not necessarily the highest bidder on. Meet your...
  3. MonTexan

    Progress thread: My first two deals and beyond

    REAL ESTATE 
    First off, good job on looking in the "right" price range for your first couple deals. They look very similar to my first couple. Best to start with low priced properties that won't break you if things don't work out! A few observations: Your insurance estimates look fairly low, at least...
  4. MonTexan

    2011 B & P Presentation Topics

    HOT! 
    My other option would be to discuss some technical stock trading work that I've been doing. I think I'm onto a decent strategy and would be very interested to get feedback from other people who are trading on technicals...anyone planning to attend B&P doing this? As I said above, I *think*...
  5. MonTexan

    2011 B & P Presentation Topics

    HOT! 
    I'm referring to my regular j.o.b working for an oil company. Am still doing the RE and ebiz on the side... Thanks Russ, will do!
  6. MonTexan

    2011 B & P Presentation Topics

    HOT! 
    Any interest in a presentation about the oil and gas business? I could give an overview of how we develop oil and gas fields with emphasis on the "shale" plays while dispelling some of the mis-information we see constantly in the media. Will have to think more about providing "actionable"...
  7. MonTexan

    2011 Beer & Pancakes

    HOT! 
    I'm locked and loaded for B&P. Flying in on the 24th at 11:15am and confirmed at the Fire Skiz-eye! Looking forward to seeing you all (and having a few cocktails, of course)!
  8. MonTexan

    the DO thread.

    HOT! 
    One of my plans is to get back on the Fastlane forum more often! I've been pretty absent since receiving a promotion at the JOB several months ago. Am still investing in real estate, doing a bit of internet marketing, and studying the heck out of technical stock analysis...and I think I'm on...
  9. MonTexan

    Anyone good with Analogies?

    Ah shucks, I was hoping to get PLR rights to the feedback from this query! :smxF:
  10. MonTexan

    Anyone good with Analogies?

    Ha! I like the airbrush part buddy. Awesome idea. Of course it is, coming from the guy who got some air time on Fox News! I plan to send him some sort of "lumpy mailer" up front with my letter and some of my research....screen shots of his organic listing on Page 10 of big G, adwords...
  11. MonTexan

    Anyone good with Analogies?

    You da man Bill!!!
  12. MonTexan

    Foreclosures......good & bad

    I think the real reason for a decrease in the number of people behind on their mortgages is because those mortgages have turned into REO! After the bank forecloses, they no longer have a non-performing note, but the alternative isn't necessarily any better. Most of the houses I've bought in...
  13. MonTexan

    Anyone good with Analogies?

    It seems that some people are especially gifted in the analogy department. I'm not one of them. One guy I know practically throws a funny analogy into every other sentence...if you're like that, I'd love some input! I am currently working on securing a client for my marketing consulting gig...
  14. MonTexan

    Self - Directed IRA

    REAL ESTATE 
    Do some research on the restrictions around "self dealing" when investing through a self-directed IRA. I have not actually bought any properties through an IRA, but I know there are rules around investing in a company that you control over X% of and they are especially firm around REI...
  15. MonTexan

    Meet the new Mascot for our B&B!

    How about Franz (ia) .... hold your boos, only kidding! Cabi? Frac? Zinny?
  16. MonTexan

    Getting pre-approved for rental property

    REAL ESTATE 
    Sarah, I also wouldn't totally rule out getting financing on that rent house. I have financed a couple of properties right at $40k ... you just have to work with a small, portfolio lender rather than the big banks. Maybe it's a moot point in AZ right now though, I would assume lending on...
  17. MonTexan

    Getting pre-approved for rental property

    REAL ESTATE 
    Buff, For longer term deals, I would look to people w/ self-directed IRA's. Companies such as Entrust often hold client mixers and educational events where you can network both with people who have money and people who do deals. Since you're talking about retirement funds, most are happy...
  18. MonTexan

    Getting pre-approved for rental property

    REAL ESTATE 
    BTW - by paying 10% + 1.5 points on money held less than 6 months, my investors are getting 15-20% annualized ROI on every deal...think they want me to keep buying houses??
  19. MonTexan

    Getting pre-approved for rental property

    REAL ESTATE 
    Those numbers are accurate for hard money, but I wouldn't immediately lump all private money in that range. There are many people out there that aren't comfortable with the roller coaster stock market and therefore have big $$ sitting in CD's and money market earning a pittance. By educating...
  20. MonTexan

    MMA Management Business

    HOT! 
    Mike, if you make it out Houston-way you've got a place to stay! Enjoy reading your updates on this biz, sounds like you guys are blowing up!

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