Newbies, let's analyze some local deals and make it interesting.

[Vijaianand Thirunageswaram]

Hello New Investors,

I know many people get stuck in the analyzes paralysis mode and never move forward. One of the big mental pressure among new investors is, whether I did the right thing to pick up this deal or missed it out. So I thought Iet me share some of the deals which I did for myself and for investors and  see whether you will do it or not do it and what would be the reason.

Location: Missouri city

Year: 2018

Property: 1628 Sqft, 3/2/2

ARV at that time: $135k, now $151k

Purchased: 120k

Rent -$1365, now $1415

Rehab required: $500

Not lot of discount just $15k from the market. We purchased for cashflow and good rental area. It was rented within 30 days and have tenant living in 2 years now and 2 more extended.

Will you consider this deal or not in 2018 if you were me? 

[Vijaianand Thirunageswaram]

@Jesse Mao I like really different perspective with exposure to your market. Interesting!! Let me share some thoughts about Missouri city. It's not that bad as you are saying.. Properties are great properties build in 1980's. I have 5 properties myself and have 4 more investor properties we manage. Yes, they are galvanized pipes and most houses built 1980's are galvanized pipes all over houston. Missouri city is good city to work with and i have done few flips myself. It's hottest rental market I have seen in my 14 years as experience. It gets rented within 1 month and it's B class neighborhood not C class. The missouri city you are talking is west side of Fort Bend Tollway near Briargate. We don't go there. I hope this helps.

@Xenia K. That's well done. I would say we bought it has buy and hold investors, buying 2-3 properties every year with our extra income. You cannot do any other strategies. I know 50-60% investors fall under this category. 

I like it,, keep sending your thoughts and deal points.