Investing in single family house - Houston Area under 100K

[Tony Duran]

Hi BP, 

I currently own a townhome in the Houston area which I purchased back in 2005. Times are different now and I would like to purchase once again in the Houston area, if profitable. I have family in Katy and would like it to be in the surrounding area. So to my question, what is the down payment required for this investment and can someone lead me into an area that would provide profitable with an up and coming neighborhood since there is so much development going on? Thank you and I look forward to the discussion.

[Huy N.]

This price range is everybody playground. it's gonna be tough and you have to be fast....good luck :D

I just bought one for under 100k in the 249 and beltway 8 area. the moment i saw the deal, i ran the number in 5 mins, turned back my chair and tell my boss i need to get the hell out in the middle of work day, Drive from Energy corridor to there to go see the property - with no time for a detail inspection and decide to bite on it. Then I kidnapped my wholesaler and drove him directly to the bank and give him the deposit check and sign the contract in the bank. 

All happened in 1 hour and a half...