All Forum Posts by: Begona Miron

@Ethan G.Thanks a lot!.  @James Polk I have some but not in the US, I have been doing some research and so far I liked Fast Track Remodeling, do you know them? Any recommended company? May I ask you which areas would you invest under 200k not very rough?

@Jeffrey D. not at all, I appreciate your honesty. @Ethan G. any recommendation of any specific wholesalers or investor friendly realtors?

Thanks @Jeffrey D., I guess you are right, if I were in a multifamily then I would take the chance since I would have more units... I know the 1% rule is the ideal but comparing prices with rents so far I didn't find anything like that even close to that.

Would I need to buy the property and renovate it first in order to get it, or is it possible to find those kind of deals in listings? Any recommendations on where to look and areas?

My idea is start to build a portfolio of SF homes for buying and hold. I have found a house, totally rehabbed in Spring Branch neighborhood  to buy for 275k,already with tenants, $2000 per month and mortgage around $1700 insurance and property tax included. I liked it because it would already start to generate cash flow, no flooding area and also the area seems to improve its value progressively.Since this is my first investment, I would like to get your insights.

Thanks a lot!

Hi everybody! Me and other partners are interested in investing in multifamily as a way of starting to have a steady cash flow. According to our possibilities, we are thinking in small multifamily properties class or C(no more than 20-25 units) and even though I have certain numbers in my head according to cap rate and IRR...I would like to get an idea of what is the average in Houston market right now, any help? We would be open to other markets specially in Texas as well. Thanks!