Archive for the ‘brokerage’ Category

7910 Rosenberry for sale $175,000 or trade or something creative!

January 12, 2011

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.   There are lots of things that would stop a trade from happening.   Like realtors who want some cash and can only think of one way to get it.   From the seller’s proceeds!     Most banks want to turn over there money and write new mortgages so they like to get paid off when sellers sale property especially if thrcan loan that money out at higher rages of interest.   Most sellers like to get loans out of thier names when they sell a property and dont want the hassel of keeping up with a property or potentially taking it back from a buyers who did not pay the mortgage or having to catch up on the mortgage when a seller fell behind.    These are just a few of the things that need to be addressed when you trade a property but nevertheless trades still happen.   Why?

Sometimes there are things more important then cash!   Like what you say?   Getting out of ownership of a property.   Out of ownership of a property is just that no longer wanting to own a property.   There are not property problems just ownership problems.   There are times when not owning a property is better then owning it.   Divorse, death, cash short falls, balloon payments comming due, increases in interest rates and payments, etc etc etc.

A trade is not for everyone there are some people with no equity who need to just get a cash sell and be done.   And there is always a cash price that every property will sell for.   The sellers may not always like that cash price but there is a price nevertheless.   When I first purposed my trade the sellers did not like the idea!    In fact they rejected the ideal all together.   However after they took time to analyze the market and the property in particular they realized that maybe just maybe a trade may be in thier best interest in the long run today.   

If the mortgage market continues to deny access to real estate investors with more than 10 properties then there will always be a market for trades.   If we see a double dip in property prices and another increase in the supply of available properties there will be a market for trading properties.  

Does a trade require an appraisal?  NO, only two people need to agree on the properties value; the seller and the buyer.   Does the property need to have outside consultants evaluate or approve of the condition, marketability, or use of the property.  NO only the seller and the buyer.   In some ways trading a property can be easier than a cash sell and faster.   

Lastly, lots of people are familiar with the 1031 exchange rules.   A trade is an exchange and may qualify for a 1031 exchange depending upon the particulars of the trade.   the 1031 exchange rules are modeled off of concept of the trade.

The 4-plex shown above is similar to one that I would like to trade the house for.

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21903 Cold Springs for sale or trade

January 10, 2011

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.    I will owner finance it and will buy it back after a trade.   I will deliver it free and clear of any liens or can leave the financing that is currently on it in place.     Do you have an income property that you would like to trade or a development project that needs new life.   Call me lets talk about what the different options are for your project and my project.   There are houses in the area that sell for over $400K and this parcel already has the utilities in place if you desired to replace the houses and build a large house on top of the hill.

Customer Full – Residential to see the data that is in the MLS concerning the house.

CAll me at 512-782-8982

Owner Financing in Texas

July 5, 2010

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.

More specifically, the commissioner has delayed the implementation of the SAFE Act requirement for licensure in seller-financed transactions in Texas until August 31. This will give us time to implement regulatory and legislative changes during the coming months. For now it is important for you to know that the long-standing law of allowing a Texas seller to finance up to five transactions in a consecutive 12-month period is still in effect and the Texas Association of REALTORS® will continue to work at the federal and state level to see that this is a permanent solution.

Finally, this action would not have happened if not for the thousands of Texas REALTORS® who participated in our grassroots efforts to correct this abuse to private-property owners in Texas.”

 

Thank God in Texas we are still free to sell our homes anyway we choose ((at least 5 per year))

Hello world!

November 25, 2009

Today is the start of my new adventure in blogging about commercial real estate!   I hope you will subscribe and stick around for the most interesting blog posts from an on the ground real estate developer here in Austin TX


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