All Forum Posts by: Account Closed

Alvin,

Consider going to network meetings.  If you go to MeetUp.com, you can sign up for Fort Bend Real Estate Investors (FBREI) meetings.  They usually have their meetings at the Rudy's BBQ at Grand Parkway and 59, usually on Tuesdays once a month.  Hope that helps!   

Amy 

There are people who crave to live out in the country, as my husband and I did, and will pay for land to build a new home upon, but many cannot afford it and are looking for an older home on a few acres, usually 10 acres or less.  I've known a couple of families who've lived in a nice barn and garage while they sold their previous houses, to make it more affordable to pursue living in the country until their new home was built.  It takes dedication to do that with a family in tow, but there are families who will go to this trouble.  I personally looked on websites specifically for properties being sold in rural areas, like landsoftexas.com, as well as contacted a realtor in the small town we were wanting to be closest to...

Anyway, rural land websites and local chambers of commerce would be good starting points...and the properties will sell faster if they have agricultural exemptions on them to lower the tax base... 

I'm only basing this on what I've read in RE forums, heard at real estate events with knowledgable speakers in Houston, what I see around me in general, etc.  It seems Dallas has become the new hot spot for investing, so much so that it's now becoming saturated with investors looking for great deals.  There's still good deals, but you'll have competition.  My dad networks with multifamily investors, and he says there's growth from San Antonio to Austin, especially along Interstate 35, around San Marcos, etc. He invests south of San Antonio and is doing good with his complex there.  I agree Houston traffic is horrendous.  We live southwest of Houston, so I'm used to it.  ;)  The growth in Fort Bend County has caused a lot of traffic headaches, but people are putting up with it since road construction won't last forever.  They're trying to expand Highway 59 southwest of Sugar Land to accommodate more drivers in the Rosenberg/Richmond area, where more people have migrated to due to Sugar Land becoming more saturated and expensive.  Katy/Fulshear in west Fort Bend County is another area with tons of construction going on to accommodate growth.  

Hope this helps.

Houston should be your top pick in Texas.  

I'm in the process of applying for a loan, so this is information I want as well!  Yes, banks are just not getting it...and I agree about Prosperity.  I will try Icon!  (Thanks!)

I'm planning to call Wallis State Bank soon.  If you look on their website, it looks like they work with real estate investors, but I'm not sure to what extent.  They might be a resource.  They're small with 11 branches in Texas.  Call Janet Dirba at the branch in Wallis.  She's a nice lady.  

Amy    

Welcome Brad!  Check out Fort Bend Real Estate Investors group at Meet Up.  I've been going the past few meetings.  They're pretty good.  I'm new too, so we're in the same boat.  I home school 7 kids, so I understand the lack of time.  FBREI meets next Tuesday, Feb. 7th from 6:30-8:30 at Rudy's BBQ, 20500 SW Frwy, Richmond.  See ya then!

Amy

LOVE what you did to the house!  Good job!  Amy

Does anybody have recommendations for local commercial lenders in Fort Bend County, Austin County, and/or Wharton County (in Texas)?  I prefer Wharton County lenders, but the other 2 areas work as well?  Also, has anybody worked with Wallis State Bank?  Just curious.

Amy

Sarah, I sent you a PM (as well).  Thanks for sharing info!

Amy

You sound like you're leaning towards paying off.  Have you reached your personal RE goals (which may be the case)?  If your goal is to continue accumulating, then buy more.  If you're done, you know what to do.