All Forum Posts by: Andrew Tran

it's a good question. and i give you kudos to notice this instead of trying to wishfully make deals work. very little will cash flow right now on a traditional long term basis. here's what i personally am doing. 2 things.

1. i will BRRRR something that breaks even on rent IF i can force a huge gain in equity.

2. i'm looking for seller finance deals. very, very tough to find but then you have more leeway to negotiate terms instead of being locked into whatever the bank is offering.

both of those involve buying off market.

happy to dialogue further.

Thanks Nicholas! This is more in-line with what I kind of expected. I’ve been eyeing a few off-market deals that would allow me to pull out a good amount of equity after rehab, but then the monthly mortgage payment is the same as market rent. I guess the play in this scenario would be the cash from the cash-out refi and the equity growth on the rental property, but nothing in terms of a monthly income stream. Is this similar to how it plays out for you in your first scenario?

1 Vote

Houston, Texas

Quote from @Shane Kluiter:

Just getting started with flips it's best to focus on the "paint on a pig" scenarios. A few investors I've worked with have gone for projects that are huge to start with because the project looks extremely profitable and then suddenly they are overrunning the project costs. It's always best to start with simpler deals and scale into larger scale rehabs. Get some deals under your belt, grow experience, and then go for bigger rehabs.

Thanks Shane! I'm leaning more towards flips for my first few deals just to help create more liquid cash in my account. The experience wouldn't hurt either!

0 Votes

Houston, Texas

Thanks Kevin! Lots a great ideas in there. Appreciate your response.

1 Vote

Houston, Texas

Hi all! I'm based in Houston, TX if that helps. Almost every house I look at has rental rates that would be equal to or less than what the monthly mortgage would be. How are you all navigating this market and finding rental properties that cash flow on a monthly basis?

2 Votes

Houston, Texas

Hey all! I'm new to the investing world but glad to be a part of a great community. I'm a realtor in Houston, TX but looking to expand my portfolio to include some rentals and possibly some flips. If you're in Houston, I would love to connect!

2 Votes

Houston, Texas

All Forum Posts by: Andrew Tran

Andrew Tran has started 2 posts and replied 5 times.

Post: Rental Rates =< Mortgage Rates

Post: New Investor in Houston, TX

Post: Rental Rates =< Mortgage Rates

Post: Rental Rates =< Mortgage Rates

Post: New Investor in Houston, TX