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All Forum Posts by: Wale Lawal

Wale Lawal has started 86 posts and replied 4426 times.

Post: Looking for a contractor in Houston

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Martha Wade send me a DM and I will send you my top 3 contractors.

Goodluck

Post: Looking for investors ans real estate agents texas

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Cristina Enriquez you can get local realtors here: https://www.biggerpockets.com/...

Let's connect

Post: Buying new construction for Rental Property

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Reginald Vaughn

The major advantage of new construction is deferred maintenance and tenant will stay longer.

Just buy in a great neighborhood and analyze your numbers correctly.

Goodluck

Post: Looking to start investing on rentals... any thoughts?

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Amado Cruz for $50-100k purchase price, I will suggest some parts of Columbus, Cleveland, Cincinnati Ohio.

The best time is now. Interest rate is very low. I just refinanced one of my rentals at 2.75% on a 15-year mortgage.

Jump in now and you will be glad you did.

Goodluck

Post: Who am I and Why Real Estate?

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@jaylen reed Welcome to BP. I am an Investor and Realtor in Houston, TX.

Let's connect.

Post: How to find foreclosures and auctions in Houston area

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447
Originally posted by @Tamara Elliott-Deering:

I bought my personal residence in Bastrop through the HUD online auction. Also, I have made bids through Home Search.com. Most true foreclosures get listed on MLS so you can look that way as well, I think zillow may even have a search for that. Don't pay for lists, they are posted for free at the courthouse or you can pay for a copy, many jurisdictions post them online as well. As long as you are firm in your own mind about your maximum offer auctions can work out but you need to be able to meet the closing terms of the auction which often includes all cash. This is an area that is dominated by people who are really good at it so I usually leave it to them, there are wholesalers who specialize in reselling auction properties and they can be a good source.

 Great advice.

Post: Need Advice - Home with deceased owner, no will

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Zach Heim I will suggest you work with a great local title company on this. This will make things easier.

Goodluck.

Post: Newbie Austin based investor. San Antonio and Waco search

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

Welcome to BP @Daniel Meador I am in the Houston market. You can connect with Austin local investors here: https://www.biggerpockets.com/...

Goodluck

Post: Trouble finding cash flow + single homes

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Jeremy H. First of all I will like to Congratulate you because you are already doing what many wanna be investors don't do very often (Analyzing Deals).

Yes, 90% of great market has been very competitive since March 2020 due to low inventory (The Law of Demand and Supply) and historically low interest rate (money is cheap).

Since you did not specify your market, I will suggest you may try any or combination of the following and see it it helps your situation:

  • Increase your down-payment
  • Be more realistic with CapEx (If property is newer or recently remodeled)
  • Manage it yourself for the first 1 year if possible
  • Identify and work with honest and experience wholesalers
  • Put in some sweat equity if you have the risk tolerance and willing to take that route.

Goodluck and don't give-up. You will get one soon

Post: What’s the correct way to start flipping homes

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,600
  • Votes 2,447

@Cassious Young

I am an Investor and a Realtor in Houston, Texas. What do you need? or what are your questions?