Podcast – Houstonius

Welcome to the Poodle Ranch. These podcast episodes talk about Snakes, Landmines and Grass Fires that I have experienced in my real estate career. After 28 years experience, I have personally toured thousands of properties to make a determination of true value and have over 500 transactions. I frequently say that … I have seen everything and every day I see a different color snake.Recently a prospective client “Robert” came to my office to discuss his real estate objectives. He wanted me to find a good deal to buy at wholesale price. He thought that my purpose is to be his bird dog.We need to work together because the best way to have a good deal … is to find properties to implement good management and add features to increase value to a property.Robert has made only 5 real estate transactions in his life In the last 28 years the world has become more complicated with laws and regulations. Large companies have implemented more guidelines and policies to protect the liability of supervisor jobs and share holder equity.One transaction may involve 19 people and institutions with changing personnel, policies, guidelines and laws.Robert and I discussed potential Snakes, Landmines and Grass fires.Then we agreed that there is a good possibility that a problem will arise which requires experience to solve.With my 28 years experience, I am resourceful to handle each new situation. Normally, a seller will not know or expect a problem. Frequently, Personnel and institution guidelines policies cause problems.Robert decided that I am the broker with skills to handle a problem that nobody knows about, YET. You should schedule a time for us to meet and discuss how to avoid snakes, landmines and grass fires.The best way to “prepare for the unknown” is to have a good team at your side. This applies fully to real estate investing. There are costly dangerous snakes, landmines and grassfires to avoid. Having a good team can turn a regrettable experience into a great, memorable experience. Let’s build your team.On this website, Enroll to get our insights and updates.If you are considering a transaction, contact us to discuss your objectives and discuss how to avoid snakes, landmines and grass fires.

Should I buy real estate from a wholesaler? Should sellers work with a real estate wholesaler?Wholesaling real estate is the practice of acquiring properties at discounted prices and reselling them for profit. A real estate wholesaler enters a contract with a property seller, markets it to potential buyers, and assigns the contract to the most appropriate buyer On the internet I found the 15 reasons to be a real estate wholesaler. 1. Fast Entry (Great For The Beginner)2. Simple To Learn3. Quick Results & Quick Cash4. No Cash Or Credit Required5. Location Independent6. Valuable Experience7. High Demand8. Larger Paychecks9. High Return On Investment10. Ability To Work With Bird Dogs Or Deal Scouts11. No Need To List Properties12. No Membership Charges13. Volume Potential14. Minimal Risk15. No Repairs Involved This morning I was watching TV and saw a 30 minute show hosted by Superman, actor Dean Cain. He told us about an opportunity to phone to get a reservation for a two hour live seminar about real estate Wholesaling and financial independence with no money. Stop living paycheck to paycheck. You owe it to yourself and your family. Anybody can do this program. Phone to get 4 VIP tickets and get the investor toolbox. What do I have to lose? I can get some free gifts.The TV commercial has a disclaimer at the bottom that said “The student success herein are not typical”. I Found a wholesaler online that said“Honestly there aren't much benefits to selling to a wholesaler. I am a wholesaler and I will admit that...”“However, I market to find people that have a strong desire to sell.. If you are marketing and you get a "tire kicker" who wants full retail or more for there house its going to be near impossible to make a deal out of it... especially with the housing market being so hot. Yea I do let the seller know I pay cash which saves fees and I close fast and such, but deals come from problems... find out the problem and why they want to sell and base your whole pitch off how selling to you solves those problems.”WOWAre you looking for a good deal. You may need to drive to one hundred properties.Good deals require a distressed seller as result of death, disease or divorce. (Maybe, sometimes)It is more likely that you will find a fair deal to add valueIf you consider buying from a wholesaler, then ASK this …Do you believe the wholesaler financial numbers?Do you have the right to inspect and the unrestricted right to terminate , even if the sky is blue … and get your earnest money refunded.Can you include all the inspectors you choose including• Building inspector• Mold inspectors• Pest and termite control• Hydrostatic plumbing inspector• Environmental consultants who may recommend soil testing• Asbestos sample testing. Are the inspectors limited to specific hours or specific days?Is seller required to turn on all utilities?You might also lose your earnest money and inspection money and acquisition costs due toBanks and government regulations and changes to policy changes by changing personnel which causes snakes to delay the closing date. Do you lose the earnest money if you can not extend the closing date due to an unknown undisclosed competing signed backup contract at a higher price?(hint … I have a cure to this potential problem.)Will the lender require additional due diligence documentation from the true legal current owner? Can that seller provide the additional required docs? Is the contract with wholesaler promulgated and approved by the Texas Real Estate Commission or Texas Association of Realtors? Or must you pay an attorney to review the contract. If the title company finds a cloud to the seller’s title or the title company will not remove an exception to the title insurance, can the buyer get refund of earnest money?How long is the wholesaler contract with the seller?What is their final closing date?Can their contract and your contract be extended if the buyer needs more time ….

Does a real estate broker add value to a transaction? How many people are involved in a transaction? How much is your real estate worth? We reveal the Not Obvious.There are often unusually or unexpected problems.What are the underlying main issues?You should ask revealing questions and find the true answers.Who, What, Where, When and How ??We know what to do and we enjoy helping people. Listen to our discussion about real estate. Win a Laser Measure Ruler The DEWALT DW055E is ideal for layout and estimation. This measurement device allows for quick and easy measurement of up to 55 feet. New winner each month. To get your hands on one of these awesome Laser Measure Rulers, all you have to do is enter! Follow the link below  and enter your information. We pick one lucky winner each month. Click Here To Enter Here is the dialogue of this Podcast ----------------- Welcome to our podcast about Snakes, Landmines and Grass Fires.We are at the Poodle Ranch.How Does a Real Estate Agent add value to your transaction and your property.WHY?We reveal the Not Obvious.There are often unusually or unexpected problems.What are the underlying main issues?You should ask revealing questions and find the true answers.Who, What, Where, When and How ??We know what to do and we enjoy helping people.Phone us to discuss real estate. We can make this discussion in three parts1. Before the contract is written2. While writing the contact3. After the contract is signed and executed and before final closing. Depends on experience of the client.Does the client know the need to collaborate with an experienced agent?Even experienced buyers and owners know that experienced agents can all value by drawing on their vast history of transactions. This podcast will discuss past nightmares and challenges. Each transaction has different physical features, characteristics and odd actors and characters.Here is a list of 21 people that may be involved. Not all of them in each deal.BuyerSellerBuyer agentSeller agentTitle companyBuilding InspectorBug inspectorMold inspectorEnvironmental consultantHydrostatic plumbing inspectorSurveyor1031 Tax Deferred Exchange 3rd Party IntermediaryCommercial mortgage brokerResidential mortgage brokerProperty managerReal Estate attorneyInsurance agentResidential appraiserCommercial appraiserResidential lenderCommercial lenderOwner Association Each person has a different responsibility and world of experience.Importantly, each involved institution and organization, (both public and private) hire new personnel and frequently create new policies which affect a transaction.Active experienced real estate agents may have dealt with those people and institutions, thus they know what to watch for.This year I represented a seller and two buyers in 3 transactions which all dealt with that one specific lender in California which has 2 offices in Houston. The lender administrative personnel has unrealistic expectations and policies which we had to work around. We will discuss this type of lender and that transaction in another podcast episode. What happens before the contract is written?We talk on the phone and you visit the website at Houstonius.com, and you decide if we should meet. I have no planned presentation to sell you or convince you to sign a contract. We meet and you ask important questions. From that discussion, you, the client, will know and I will know that I can help you, or not. The prospective client knows … because I ask the right questions.Are we right to work together?If you are a buyer, we discuss your objectives and what you want to buy and challenges which we may encounter.If you are a seller or landlord, we talk aboutWhen you want the money and about the property.I surmise if you have realistic expectations. I may need to give you market research and analysis.I give you the required government form disclosing representation,