All Forum Posts by: Beny Bini

Thank you so much ya'll for the amazing responses and advice you gave me!!!

Thank you so much ya'll for the amazing responses and advice you gave me!!!

Thank you all for the amazing insights!!

First of all thank you for your insights.  The cap rate for Houston is between 4.6 to 6.4, so I guess 7.05 is not bad, with average annual appreciation rate of 4.01%.

This is my first post on Bigger Pockets, so I am excited. I am considering buying a 12 units, all 2-1 for $725k in the Houston area. the current monthly rent is $7925.  The current rent is lower than the market, which means it has a potential to increase the rent to $9000.  I am wondering if 7.05% cap rate is too low.  Thank you for your help.

Ben

Hello, I have few rental properties.  My long term goal is to expand more in rental properties, which means, I don't have a desire (at least for now) to be a real estate agent full time.  I was wondering I should take courses and get licences real estate agent? 

The primary reason that I have been thinking about the license is to expand my knowledge and networking with others.  I have some friends who are nay Sayers and their argument is that I have to renew the license every year, which means that I have to take exams every year with some payments...

Thank you in advance for your insights on this.

Ben