All Forum Posts by: Becky Kromminga

Hi Nico, if you are looking into the Houston area, I would suggest paying careful attention to flood zones.

While you can sure make money on a property even if it flooded, for a long-distance investor I would look for a property that has not flooded.

Hello Dan,

I will PM you with my contractor suggestion.  I have had a couple of bad experiences with bad contractors and bad quality.  They have come out of the woodwork with all of the flooding in Houston.

@Monique Burns  Fast Track Remodeling works only with investors in the Houston area.  They might cost a little bit more, but they will go in and get the job done very quickly, with no supervision required on your part.

I have definitely had experience with an unfriendly title company. We were wholesaling a property we found on the MLS, and the title company that the agent had chosen refused to close the deal without full disclosure to all parties exactly how much money we were making! We had to move the deal to different title company.

Also, if the title company is not "investor friendly" they just don't understand wholesaling and subject-to.

Real Estate IQ will be there!  You can use promo code REIQ to get a 25% discount for this event!

Hi Aj, for Texas, there is software you can purchase to help you do the CMA's.

Check out this BP post:  

https://www.biggerpockets.com/blog/2016-04-09-6-reasons-shouldnt-real-estate-license

Hi AJ, it sounds like you are in a great place to start building your wealth! In Houston, there are many areas with great rental properties you can get that are under $200,000 ARV, so you should easily qualify for a private or hard money loan. I can also recommend a contracting company for your rehab that you won't have to drive to Houston to babysit, and you can rely on them to get your rehab done quickly.

Hi Kevin,

Brian's advice is good about consulting an attorney about this - many investors in TX won't touch these because of the potential legal issues.  Owner financing is usually used as a safer option.

Do you have money to put down? There are lots of owner finance programs available if you can put 15 - 20% down. If not, there are also 3 - 5% down FHA options that you may be able to get if you can your credit over 620.

If you would like to know more, PM me and I can connect you with some good owner finance people.

Hi Kobe,  there are some Keller Williams agents that are investor-friendly, and there are some that don't understand investing.

Stepstone Realty caters only to investor-friendly agents.  Also, I know that many EXP brokers also cater to investors.

Hello Samuel,  I am an investor in the Houston area also. 

My recommendation to you would be to start going to networking events.  There is one in Houston just about every day - often more than one!  

You can find them by doing a search in Eventbrite and Meetups.  My suggestion for the most educational value and the lowest cost is the Houston RENC (google will give you the information for this one), and the WEALTH club.  Also Quest Trust events are free.  If you want to go to their Expo coming up in August, message me and I can give you a promo code to get a good discount on your ticket.