Looking to invest in Houston, Texas - BRRRR

[Fady Habib]

Hello everyone, my business partner @Mark Mariam and I based out of Los Angeles, CA (IT background). Looking to invest OOS in Houston, TX, or its surrounding cities using the BRRR strategy current capital ~40k and will use HML to fund the rest of the deal, looking for 120K ARV SFR B/C+ neighborhood. My real estate experience was in Notes,1st NPL, and one of my notes transaction was related to Houston (NE area). Switching now gears to BRRRR.

My questions are

1- Would be great to get a recommendation on which parts of Houston fall under that criteria? 120k B/C+ Areas
2- I would love to connect with Wholesalers/Agents to start sorting out deals. 
3- Any recommendations on HML lenders?

We will be in Houston by the end of this month! It would be great to get some insights. 

Thank you, everyone, and we will share our 1st BRRRR as we go through it.

[Cameron Tope]

Hey Fady,

The only wholesaler I trust in Houston is @Mat Trenchard with Senna House Buyers. A very well-known HML who's been in the business for years is Darel at Nobel Mortgage.

As far as finding BRRRR deals, they're hard to come by - especially for your price range. The cheaper properties are increasing in value faster than rents can keep up, so cash flow is getting squeezed.