Houston, we got another new guy!

[Mark Sewell]

Hey all, just checking in here.   Over on the West Side of H-town -- thankfully no flooding here in our little area, but don't have to drive far at all to find the destruction.

Started the journey earlier this summer, looking for an invsetment opportunity, either to flip or rent/hold. Now having been on BP a few times, I am more interested in BRRRR.

I am approved with 4 HML already. That part I get. The hard part is finding good deals to do.

Seems like a Captain Obvious statement, probably, but I'm still new.

There are a LOT of below market opportunities out there, that look pretty good but the numbers don't quite work.  We have a good half dozen really really big wholesale outfits here in town, locals will recognize the names.  The one I have been working with is now tired of messing with me because I see the potential but they just want too much for these houses.  So I need to figure out a way to source my own deals.  Of course I am interested in looking at deals that others might have, as I really want to get started, but the numbers have to work.  Going to need to stick to my guns, and buy it right.

And then of course, you have the whole hurricane flood aspect of this market now.  Trying to set up some self-imposed 'trading rules' for myself as far as flooded properties go -- to what extent, in what areas, I will play in that segment -- but that is a whole other topic, though, isn't it.

So there you go, another new guy in Houston

Mark

[Michael Le]

Welcome to BP, @Mark Sewell, and congrats on taking action.