Phoenix Investor Entering Houston MSA

[Jared Vidales]

Hey Guys! Long time member here, haven't posted in a while, but still out there doing deals!

I currently operate out of Phoenix & Vegas. We run a direct to home owner acquisitions strategy squiring 20-25 deals on a month basis across both markets. My partner and I have had our cross-hairs on Houston ever since Harvey hit, and we're lining up our resources to open a small office and set up an operations team for a fix/flip & hold strategy to balance out the yield of our existing portfolio. 

We have 3 SFRs in escrow now we picked up directly from home owners and will be our first 3 assets in the market. 

77804 -- PP: 90k Rehab: 10k ARV: 189k

77065 -- PP: 95k Rehab: 5k ARV: 187k

77065 - PP: 90k Rehab: 5k ARV: 190k

My question is to wholesalers and other investors, what margins are you experiencing in the market today? They seem insane compared to how easily the 3 properties came to us. Also, how is labor currently with contractors? 

Thanks again, and I plan to be more active on the forms.