Starter home in Montgomery County, TX

[John Nguyen]

Hi BP fam! 

So after searching for homes in Katy and Richmond and made an offer on an older 1983 SFH which ended up having a lot of issues during the inspection (plumbing, electrical, foundation, etc), I decided to go the new construction route and save me the headache. I plan to live in the property for at least 2 years to build up more capital and then move on to the next property and renting out the first. Problem is the tax rate out there is at least 3.0 so now I am thinking of looking at North Houston. Are there any areas you guys can suggest without an insane tax rate? Or are they pretty much the same?

I'm preapproved for up to 270k but would like to stay as close to 200 or below 250k if possible. Are my expectations realistic? 

Which areas in Montgomery county would you suggest to look into? I feel that anything above the 200 mark would be hard to cashflow so I am open to looking at maybe an older home say 10 years. Any advice or guidance would be greatly appreciated!

Thanks!

J

[Jaime Lazcano]

Originally posted by @Mark Zermeno:

@Jaime Lazcano whats your advice on finding off market deals in Houston? Direct mail? ive been working with a RE agent the past 2 months solely on the MLS. We go after properties that have longer DOM and foreclosures or estate sales when they come up. However, MLS is super competitive so things dont last too long.

 To be honest anything works so as long as you get good at it and more importantly that you stay consistent.  I have a complicatedish(lol) process now, but it saves me tons of money in the long run.  I basically pull high equity lists (as a qualifier) and I stack them with motivator lists like D4D, code enforcement, tax problems, Preforeclosure Probate...etc. From there I text everyone.. to eliminate bad numbers quick, then we cold call them... and only when we can't get a hold of them do I sent them mail.  All that being said, when I started I just picked a list (any list) and I hit the **** out of it with the phone and found enough deals that way.