Real Estate Investing In/around Houston Texas

[Devon Rollison]

Hey Guys I'm looking to wholesale a place around Houston Texas and would like to know what you guys think the Houston markets cash buyers are buying at? Based on the 70% rule do they pay more then 70% and if so what is the number for Houston markets, for Ex Phoenix Arizona is very high at 80%-82% because it hard to find deals there. I would think 75% would probably be a fair number for Houston and surrounding areas, but I assume not anymore then that, Please all the feedback possible is much appreciated. 

[Brian Alfaro]

Devon, it depends on if it's a flip or a rental. That's a general rule of thumb - buy & hold investors are usually willing to pay a little more % of the ARV because of their long-term strategy. Again, it depends on the asset and condition/neighborhood it's in.

I would suggest you reach out to an experienced wholesaler in Houston if you've never done one in this market before (or in general). Trying to buy/sell something when you don't understand the market or sub-markets is not a good idea.