All Forum Posts by: Wale Lawal

@Zachary O'Hara It really depend on a lot of factors. 

Although BRRRR could be rewarding if you have the time and energy to deal with contractors. You also need to increase your risk threshold because their is ALWAYS a surprises in every BRRRR.

If you don't have all the time, patience, risk tolerance, experience and can not handle surprises, then buy a Rent-Ready property from any source that make sense to you provided the number works. MLS, Turn-Key Providers, Directly From Seller, Wholesalers are few of your options.

Goodluck and Happy investing. 

Houston, Texas is Super HOT right now

@Anne Nguyen

I will suggest you check out Propstream and BatchLead. 

Goodluck

Not leaving any meat on the bone for investors. This is what I have experienced in my market. It may not be the same in your markets.

The property was rented to another well-qualified tenant.

Thank You All.

@Tony Zhang

Get a good Property Manager and learn along the way. You took a great step (the most important step) that many people don't. 

If your turn-key provider doesn't have an in-house property manager (which I think they should have), ask them for a recommendation and go from there.

Goodluck and Congratulation! Cheers to many more properties under your belt.

@Rush Blakely

Welcome to the BP Family. You already know the benefits of Investing in the Houston area so I don't need to state that again.

It's a huge advantage that you already have a great property management company you are working with. With the bad leases and lessons learned, it's part of Real Estate Investment Journey.

If you don't have it already, I can give you MLS access to see what is currently available in the market within your set criteria.

Goodluck and reach out if you have any questions.

@Cheyenne Gamangasso 

You have all great advise here already from this experience investors. The next thing for you is to TAKE ACTION. 

House Hacking strategy that you have chosen is a great starting point. I currently have a 5beds/2.5bath under contract for a client for the same strategy in the Katy area. My Client will live in the Master Bed and rent out the remaining for rooms for $500 each.

As @Vijaianand Thirunageswaram mentioned, choose your location wisely.

Remember nobody read their way to Financial Freedom or Wealth Accumulation. 

Goodluck and reach out if you need any help.

Send me a DM. I can connect you with 2 great appraisers I know. They will be able to help you.

Goodluck

@Ali Boone from my personal experience, 95% of Turn-Key properties through a Turn-Key Companies are overpriced in the Houston Area. 

They are very scared and the numbers never work for me and my Investors.

That's why I have focused on creating a deal from MLS listings by looking for motivated sellers.

Thank you