All Forum Posts by: Wale Lawal

@Adriel Hsu you made great points. 

The law of demand and supply is very strong in Real Estate.

It's 100% sellers market in all major cities right now.

I guess people should not count on this happening in the early 2020. 

I have received numerous inquiries on this and that's why I put it out here to hear a different opinion. 

Thank you

@Allison Nguyen

The Houston Rental Market is doing great right now and COVID is not affecting the demand for rental.

It has even make it stronger. 

I rented out my property 1st of this month for $1500 monthly with $2000 security deposit and a 2-years lease with 2-months advance. This property was suppose to rent for $1350 per months but i rented it for $1500 because of demand and supply.

Clean-up your property, give it a good marketing and you will attract great tenant that will play by your rules.

Reach out if you have any questions.

Goodluck!

@Mark Sheppard 

I am not sure if it's still existing. COVID-19 has also affected a lot of meet up groups.

Let me know your findings, I will like to attend it is still existing.

Thank you

@Oscar Song 

You have received a lot of personal experience here already. 

I have also have more clients from California than any other states in the Nation because of reasons we all know.

There are several benefits why any savvy investor will like to consider Houston for their Real Estate Investment. I have been living in Houston for 7-years and I personally invest only in the Houston areas and I have been helping other investors to invest in Greater Houston and surrounding cities. As a Realtor and Investor myself, below are a few reasons why my clients and myself invest in Houston, Texas. 

#1 Market in the US for Job Creation

• Contrary to what the majority of out of state investors believe, Houston not only have Oil & Gas (Energy), Houston has other job growth in Consulting, Information Technology, Aerospace and aviation, Medical treatment and Research, Goods Distribution, and Manufacturing. The port of Houston on the Gulf of Mexico imports more goods than any other port in the United States.

Texas legislation has provided a great economy for businesses to thrive. Big and small companies alike have chosen Houston for the location of their corporate headquarters.

4th largest city in the US - This has increased the housing demand in the Houston areas and landlords are enjoying low vacancy and rent increase. Even during this COVID-19 Pandemic. I am living proof.

5%-20% below current fair market value - This is gradually changing and the market is very hot right now. Nevertheless, Houston is still a relatively cheap and better use of cash on cash return. Some parts of Houston are seeing around 15% returns consistently.

• 3-year appreciation forecast of 12.5% - We are able to enjoy both appreciation and consistent cash flow.
• Houston is very diversified and friendly so people like it here. Our food, people and culture is what people like about Houston
• The majority also enjoy the weather here.

Houston checks all boxes for me and my investor clients both in-state and out of state investors.

Reach out if you have any questions.

Goodluck!

I can also recommend my Subs. Very affordable and reliable.

Goodluck man!

@Landon Wright You have received great advise here already so you should be able to make up your mind. If I were in your shoe, I will do exactly what @Holly Brown did. Especially with that $75,000 appreciation within 2years. 

Except this purchase is not for investment purpose. As @Ethan G. said You Only Live Once (YOLO) so you can spend any $$ amount to acquire your forever home. 

But the number and forecast must make absolute sense if it's solely for investment purpose. $700k is not a Big step for your first investment if is a duplex, Triplex or Fourplex. I won't buy a SFH for $700k.

I currently have a 5beds /2.5 baths under contract for an investor client in Katy, TX and his going to be house hacking the property.

Reach out if you need help.

Goodluck

@Henry Urey Rivas where is the location?

I can recommend my personal Handyman/Contractor to you. Send me a DM if you will like to get his contact. He his affordable and fast.

@Alex Smith I am an Investor and Realtor with eXp Realty in the Houston Market. 

I can answer any questions you have. 

Please send me a DM to continue the conversation.

In Texas, the cost of keeping and maintaining your RE License is around $1,800 per year including MLS dues.

Goodluck