Hurricane Ike and Property Management

As a remote real estate investor, I am reliant on my local team to help me with the management of my properties. With Hurricane Ike threatening the Texas Gulf Coast, I called early Wednesday to ask the property management firm to board up the property. I was particularly concerned about a row of windows set [...]

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Texas bill on property tax reform

I own two SFR in Texas, and one unfortunate aspect of investing in real estate in Texas is the high property taxes you pay. It varies from county to county but usually the prooerty tax is about 3% for non-occupant owners. The 3% hit is one reason I’ve hestitated at looking at any high price [...]

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Padre Island

I thought I would capture some of my observations of the Padre Island Real Estate market. With Corpus Christi appreciating 12% (a figure almost unheard of in Texas) there has been a lot of investor interest, so perhaps this entry in my blog might be of use to someone. To be honest I haven’t looked [...]

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Deal in San Antonio

Just got word of a potential deal. The catch? You have to close by April 29th with all cash. Looks pretty good though. Purchase price: 93, 500 Comps: 112-118K Potential rent: 1150-1250 Two story 4/2.5 brick facing on the front, sliding on the back. two living areas. Estimated closing costs 2,200, will need carpet and [...]

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