Deals for Rental Properties
I am real estate investor in Houston area. My current focus is on rental properties, Single Family residential units. Already purchased one property in Rosenberg and leased it out immediately.
What is the best way to look for more rental properties and deals in Rosenberg, Richmond, Cypress, Spring areas for Buy and Hold strategy. Are the wholesale deals available in these areas? I want quick turnaround. My financing has been pre-approved and will be able to close in 2 weeks.
Most Popular Reply
When you see a FOR RENT sign, and its not a property management company, call them. These are investors just like you that may be sick of renting or at the end of their career. Many of these older investors have several free and clear properties and will carry a long term note which allows you to buy with very little down payment. I have bought several houses like this and you dont have to use your credit or a bank at all! Trust me these guys are out there and if you build a relationship with them you will likely end up picking up a few properties from them over time. Good luck!