All Forum Posts by: Chris Bounds

Formatting messed up.  Here is the breakdown again:

Est. ARV: $210,000
Est. Rent: $1,700
Beds / Baths 3 / 2
Est. Repairs $0
Sqft 2390

Landlord Special

16303 Ginger Run Way
Sugar Land, TX 77498

Asking: $185,000

Est. ARV: $210,000 Est. Rent: $1,700	Beds / Baths 3 / 2
Est. Repairs $0	Sqft 2390

Description:
Absolutely TURNKEY! Cleaned and ready to rent on day 1. Located at the end of cul-de-sac. HVAC is new.

Repairs include:
Unless you want to replace the older stove, no repairs needed at all.

Click on the links below for more information:

Pictures
Sold Comps
Rent Comps

Serious buyers only. This will be an assignment deal. Seller is paying title policy. The property does not have a lockbox so please do due diligence prior to requesting a showing.

Call 713-493-2573 or CLICK HERE.

Landlord Special - Priced To Sell Fast!

Address: 2919 Lakefield Way, Sugar Land, TX 77479
Asking: $125,000
Est. ARV: $175,000
Est. Rent: $1,500
Beds / Baths 3 / 2
Est. Repairs $25,000
Sqft 1309

Description:
Property is in the beautiful Lakefield subdivision of Sugar Land. With low DOM it would make an excellent buy & hold rental property. Deals like this in Sugar Land are rare so don't miss out!

Repairs include:
Foundation and interior cosmetic rehab needed. Foundation engineer's pending and will be available to buyer. Estimated repair costs including foundation and full interior rehab $25k.

Click on the links below for more information:

Pictures & Video
Sold Comps
Rent Comps

Serious buyers only please. Non-refundable EM locks up the deal.

Welcome Xavier! You're in the right place to learn about REI. Also, be sure to plug into some of the many local REI meetings in the Houston area.

Ethan, try Patten Law Firm. They represent Texas American Title co. I spoke with them at a recent REI event.

This is one reason why landlords prefer an all electric rental.  Liability is lower and usually so is insurance costs.  Of course, the downside is paying for added electrical wiring and (for the tenant at least) the higher electricity bills.

@David Francis, if Centerpoint shut off the gas they will likely require a permit be pulled to do a gas test and repair any leaks before they come back out.  If so, a licensed plumber will be needed to do that.  

I'd do your best to work with the landlord as long as they are making professional attempts to remedy the problem.  Otherwise, if you just moved in you can try asking to get your deposit back if you move out and leave the house clean.

@Jerry Ta, how do people RSVP?

Come join the ONLY real estate investors meeting in the Sugar Land - Richmond - Rosenberg area.

The featured guest speaker will be @Jerry Ta with PropertyCare. As an investor himself, Jerry has a unique perspective on property management. Through his company PropertyCare, Jerry manages over 100 single-family rental properties in the Houston area. Whether you want to be a landlord or sell to landlords, don't miss hearing from this real estate pro! 

Rudy's BBQ will be provided free for those that show up early. Space is limited so make sure you RSVP early to secure your spot.

Our goal is to help you build your business and to do that you need a team. Networking is the way you get it done. See you there! 

6:30 – 7:00 Eat & Network

7:00 – 7:10 Introductions

7:10 - 8:00 Featured presentation by Jerry Ta with PropertyCare

8:00 – 8:30 Sponsor intros

8:30 – 9:00 Networking & wrap up

PS: Everyone that attends this event will receive a digital copy of the rental property Case Study on the "BRRRR" Strategy: Buy, Rehab, Rent, Refinance, Repeat. This case study includes pictures, financials, and specific details that many investors leave out.

Welcome @Lance Davies. You're in the right place to learn about REI! Be sure to also plug into some of the many local REI meetings throughout the Houston area.