Investor in Houston, TX

[Dax Desai]

I'm Dax Desai and I'm a real estate investor.  I have lived in Dallas, TX most of my investing/working career, but now I live in Houston as of 2 years ago.  I've invested in other business besides real estate.  I've partnered in a mail services store, a wireless store, a hotel, and a web marketing business in the past.

While in Dallas, I flipped a few properties.  I started with my condo that I was living in.  I sought out a unit that needed a lot of work so I can make it my own and still make a profit when I eventually moved.  The net effect was I lived in the condo for 4 yrs effectively mortgage free when I take into account the profit I made when I sold.

My next property was a typical investor trap.  I bought a low-priced property for $17k [See pics here:  https://flic.kr/s/aHsjn3PkLv].   I spent another $23k on it and ended up owner-financing the property to someone who worked on the construction crew for $65k.  While I am cash-flowing, it wasn't my objective on that deal.

My next real estate investment was a house built in the 1920's [see pics here: https://flic.kr/s/aHsjrX5af8] I wish I still had the after pics. This house turned out beautiful. We purchased the house for $70k and put in $80k on foundation, framing, moving the kitchen, adding HVAC, rewiring the knob and tube, redoing the hardwood floors, and exterior. Our ARV when we started was a solid $350k, but the market moved against us and we quickly sold at $260k.

I also invested in a turnaround hotel deal (very small partner) and now I live in Houston and I'm looking to rekindle the house-flipper flame.  I'm also interested in multi-family, but have not dipped into that pool yet.

I've been assessing my investments, and I feel I need to turn up my real estate investing.  I would love to connect with Houston real estate investors, wholesalers, and agents and network.

I wish you all a fruitful investing year,

Dax Desai

Houston, TX