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Updated over 5 years ago on . Most recent reply
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Looking for Wholesaler in Houston, TX
My wife and I are hoping to purchase a property ASAP, and 1-2 more in the next year. We are hoping to work with a quality wholesaler who finds deals with actual meat on the bones, and who is working in our area. Any suggestions would be greatly appreciated.
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We have $98k cash, and would be willing to leverage a hard money lender if a house required more capital, although we don’t have an existing relationship with any hard money lenders as of yet. I assume whatever wholesaler we use would probably have a few people that you could point me to for hard money if I needed it.
We are looking for properties on the east side of Houston, in areas like Channelview, Baytown, Deer Park, and La Porte. We could possibly expand our search to include a few additional surrounding areas, but we would prefer to remain in the same region if possible.
Our ideal home is a 3/2/2 or 4/2/2, but we will look at anything with 3 or more bedrooms and a bath.
Although we plan to hold these as rentals, we plan to evaluate them as a flip so that we can have equity in the house once the renovation is done. With that said, we hope to find houses that all in hit the 70% rule as a flip, and the 50% rule as a rental. This is probably the most important aspect for us.