Recap 2018 - Success, Failures and Future...

[Vijaianand Thirunageswaram]

Howdy folks,

We are only few days away from the end of the year 2018. I am sure it has been a roller coaster ride with market ups and downs due to happening in our country and around the world.  Oil is down so much and we are seeing 2014 gas prices. Interest rate has gone up and back down to 4.5%+ which is still not bad rate.  Over all real estate market was good and especially Houston market experienced good gain in home sales compared to last year after Harvey 2017.  Investors did see lots of great deals all around Houston area and sure many of you have grabbed few deals and made the run. 

It has been decent year for us. We just completed one year of our brokerage and hired 5 agents which was my goal. I have flipped 4 SFH properties and 5th one didn't go well as planned so we moved as rental property. We have gone from 2 rentals to 7 SFH rentals this year which we really felt good about it. We plan to keep at it and reach our 10 SFH goal next year with our other goals of getting vacation rental and starting to invest in commercial little bit.

We have learned a lot and every days it's been great learning experience. We learnt what to do and not to do in flips, we have learn how to get better at our renting process. We have learn not rush with getting on rehab by finding whoever we can and find the right person for the project. We believe learning is always should be part of the process and I will continue to learn and practice and get good at it. 

What are your success and failures and 2019 goals? Share and celebrate even if it's just one deal.