All Forum Posts by: Alex J.

those type of homes are all throughout houston... id believe the agent 

i went to see a house once that was listed 100k, it got done 105k ... about the same 1600 sqft 3 bed 2 bath ... the house had a tarp on the roof, it was raining and leaking in, foundation problems all over... whoever bought that would need to put in 50k at least if not more.

but if it rents for say 1350-1400 a month, then there will be an investor willing to do that deal and roll with the risk

cap rates in houston are pretty low and in most major metros are much lower while there is still a ton of money everywhere looking to find yield

@Nick D.

i am interested as well 

just my thoughts... if its a 9-10cap rate as advertised... it doesnt seem terrible in terms of roi.... 

when you say you wouldnt pay more than 30-40k a door you are ref to completely remodeled? or are you saying 30-40k that you need to rehab... I think if it was like 800k i would think its a decent deal

chris i am interested!  please send me a msg or email id appreciate it

Add me to the list

That’s awesome!  Wishing you nothing but success 

I look forward to hopefully connecting in the future 

@Ben Leybovich

First off congratulations on the deal very impressive 

But I have to say This peaks my interest ..... I always thought of you as the guy who has said all the smart money has already made the big moves back in 2013 or whenever it was in your original few podcasts 

Why are you going so big this late in the cycle esp with mf which many have said is very overheated... also if there is a previous post on this I apologize for redundancy I have not read it

Maybe it’s an add value force equity play or something?  I personally don’t do large mf but I am very interested and will possibly be working with a lot more capital this time next year so I’d love to hear your thoughts 

if i didnt need the cash i would consider doing 15 year loans and if it was a net flat or even -100 bux a month i would consider it if i liked the area because the equity build on the property would very likely put me in the black for whatever deal i am looking at.  almost like forcing me to save

The rebound of oil and gas coupled with effects of Harvey are making Houston market very interesting.  I think pre harvey it was def turning to a seller's market and actually anything above 600-700k and up are still lagging 

But anything sub 300k...man it has been active!

Tells me a lot of work out there for mid to lower income categories which is great

Not really...I've had trouble finding it...I am trying to find deals that offer at least 10% cash on cash returns and it's a challenge