All Forum Posts by: Alex J.

@Tim T welcome to the forum , your background sounds familiar , very similar to mine!! haha

If there is any questions do not hesitate to ask!

im familiar w the area near the airport, actually i always noticed those on greens and was curious who is living in those areas but i assume its just people who work at the airport or around there, it sounds like a lot of doors and a lot of work, excellent find!  what was the purchase price?  I am actively looking for more real estate opportunities in houston, i closed on my first duplex in this city though i have 12 units throughout los angeles.  i think theres going to be more opportunity in houston in the months to come if oil stays at these levels, some investors will just want out and that might bring some appealing opportunities as long as cash flow is there and its a buy hold strategy (ive never been a flipper)

congrats, whats the details of this deal and address etc 

very curious about this eastwood area... i mean i get the idea that its close to dt, but the schools are not great, the areas not really safe... a lot of crime etc.  what reason does it have to gentrify when there is still plenty of undeveloped land all over.  the heights has a lot more inventory now and price reductions year over year and a lot of the youngprof i know that lived in the spec areas of there/rice military are looking to suburbs for schools for kids or moving to west u/bellaire...its not very clear why this east end needs to develop...did you guys see that huge micro loft project?  man thats a tough sell in my opinion

whats the sqft and comps? 

nice work! where was this located?  I am liking it!

@erictait thats very impressive! you must keep them in great condition - i feel thats very important when making sure you have low vacancy. I think thats a great way to do it, I would like to learn more about what areas you are finding opportunity in. SFR multi family ? what are your thoughts of EAST of downtown, NOT eado but east of that like the "greater east end" pocket.

about stafford, yea i agree, it doesnt seem to be as rough as alief even though its pretty close in proximity

generally speaking you dont find 2-4plex units unless its in a C or D location... the city just wasnt built that way from what ive been coming to find.  there are a lot of things you can find though for under 250k so I am sure searching around town will find you some opportunities.  start by using har.com to get a sense of mkt

thanks everybody this has been great feedback... I am looking to deploy more capital into the city maybe in the next 6 months if I can find some good opportunities so I can start scaling a little bit similar to my setup in LA.

to those actively investing in the rental market in houston:

how long on average have you had vacancies sit?  Its also a concern im having and trying to price into future deals... with all the oil gas movement of staff i figure some pockets like near the i10 katy area "energy corridor" have more vacancy and overbuild than others, just hard for me to find data on this with an ever changing environment 

the property is in Stafford so its pretty much a C or D investment depending on our tolerance....but as i said in los angeles I do have experience in this grade investment.   at the end of the day people are people. i have some really higher end rentals that have tenants that are a pain to deal with  and i have some low income tenants that are absolutely amazing people....even with background checks you never know what type of a tenant they will be until you deal with them

I have lived in houston nearly 7 years now so I absolutely saw first hand the "boom" here as it was also happening everywhere else but the oil and gas rush really seemed to put fuel on the fire.

What kind of cap rates are you houston investors seeing in the deals you are getting?  Are they off market?  I am going to see how the next few months go with the new venture here and possibly look to start scaling if I can find some places that serve for long term cash flow properties.

At this point i am working toward my freedom number mainly for my wifes freedom lol