All Forum Posts by: Andrew Hoban

Hey guys, I’m trying to expand my real estate portfolio and my formerly pristine credit is getting slammed by all of the hard credit checks that it’s been going through recently. How do you guys maintain your credit when you’re buying so many properties every month? I really appreciate the advice! Thanks!

Thanks for this advice. I just signed up for Reliant. Thank-you!

Hello, I recently bought my first rehab/rental. I need to turn the electricity on to renovate it, but all of the electric companies I see online have 1+-year contracts. If I sign one of these contracts to get the rehab done and then rent my place out, does that cancel the contract or will I be stuck paying for electricity for a year even after my future tenant moves in?

While obviously, tax assessments and home appraisals are two different things, they aren't supposed to be wildly divergent, right? Suppose I'm doing a BRRRR deal and my after renovation appraisal comes back significantly lower (eg ~10-20%) than the tax assessments on comparable properties, can I use that assessment as additional evidence to an appraiser that a bigger value is warranted?

This just happened to me today in Houston and I’m at a loss for comprehension… I wanted to buy two duplexes and occupy two of the units with my family, and got told they would only sell us one duplex because they don’t sell to investors. 

I think what you’re referring to is called “uplifting”. There are a TON of properties in Nassau Bay (very south Houston) that were flooded in Hurricane Harvey, and were repaired (with Federal funding) by physically lifting up the entire house and creating a new story for the house on the bottom of the house. If you drive through Nassau Bay, you’ll notice a bunch of strange-looking tall houses with their front doors all on the second story (particularly along the waterfront). You could use the same process to create a higher ceiling, although I imagine it’s horrendously expensive and probably way outside your rehab budget.

Have you found a construction company with a good reputation yet? I’m in Houston too and looking to build a small multi family.

Hey, idk if you found one yet, but I would love to know whom you chose if you did. I'm looking to build a fourplex in north Houston and trying to count the costs.