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Updated about 4 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Andrew Yen
  • New to Real Estate
  • Sunnyside NY
3
Votes |
17
Posts

Wanting to for BRRRR in Houston.

Andrew Yen
  • New to Real Estate
  • Sunnyside NY
Posted

Hi all. Planning on heading to Houston TX to make a BRRRR attempt. Maybe end of February. Any reliable agents or wholesalers would be great help! Gonna take a chance and dive right in.

Most Popular Reply

User Stats

660
Posts
459
Votes
Vijaianand Thirunageswaram
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
459
Votes |
660
Posts
Vijaianand Thirunageswaram
  • Real Estate Broker/Owner & Property Manager
  • Sugar Land, TX
Replied

Houston market is totally taken over by cash from CA and every property you try to make an offer, there is bidding war and more importantly cash price above asking. I never seen in the past and many cash investors just want to get in and cash out later so just looking for place park in Houston Real estate market. BRRRR is hard to come by in good areas. Even Off market properties is having too much competition and number don't make sense at the final purchase price.

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