Wholesale Properties In Houston?

[Mike Harvey]

I'm getting started with buy/hold investing in the Houston area. So far I have purchased 2 SFR's. The cash flow is decent, but as far as "buying right" I did what all rookies do and bought pretty close to market value. I'd like to put together a better deal next time.

I think that buy/rehab/hold is a good strategy for me based on my goals and skill set. I'd really like to purchase from a wholesaler, do the rehab, then hold the property as a rental. I'd buy and rehab using my own cash and then finance the property after the project has been completed.

I've read some great success stories from people using this strategy, but I am in one of the hotter markets in the country and am curious as to what I can expect to find here. Has anyone rehabbed a wholesale property lately that would mind sharing their numbers?

This would be my ideal property:

Single story 3-2-2 with an ARV of 100-110K in one of the west suburbs like Cypress, Katy, Jersey City, etc.

Any info or advice would be appreciated. Thanks.