All Forum Posts by: Alexander Griffin

@Ben Wilkins Thanks so much much for the tremendous value!

Good Morning everyone,

I’m currently wholesaling in the Houston, TX market and going to start working on my first rental project within the year.

I’d love the opportunity to help out and shadow a local builder or contractor to get some hands on field experience. If any of you guys are open to that let’s connect.

Hey guys I need some help figuring out if this Triplex opportunity is a deal or not.

Purchase price: 150,000

It’s located in a rapidly growing part of Houston, TX (Independence Heights) with a lot of investor activity.

Property Facts:

Built in 1950. Two of the three units are currently occupied. The occupied units are two bedrooms the unoccupied is a 1 bedroom.

Unit 1 2Br 1 Ba

Unit 2 2Br 1 Ba

Unit 3 1Br 1Ba

Rent per units is $900. Gross $2700. Owner pays $650 a month for expenses. Net after expenses is $2,050. Yearly taxes are $2,400.

Property overall is in fair condition. The unoccupied unit has some bedroom ceiling damage, and need new countertops

Hey guys I need some help figuring out if this Triplex opportunity is a deal or not.

Purchase price: 150,000

Estimated repairs: 10-20K

It’s located in a rapidly growing part of Houston, TX (Independence Heights) with a lot of investor activity.

Property Facts:

Built in 1950. Two of the three units are currently occupied. The occupied units are two bedrooms the unoccupied is a 1 bedroom.

Unit 1 2Br 1 Ba

Unit 2 2Br 1 Ba

Unit 3 1Br 1Ba

Rent per unit is $900. Gross $2700. Owner pays $650 a month for expenses. Net after expenses is $2,050. Yearly taxes are $2,400. No HOA fees.

Property overall is in fair condition. The unoccupied unit has a hole in the bedroom ceiling and needs countertop updates in the kitchen. It could also use some cosmetic touches in the bathroom as well.