All Forum Posts by: Brian Foster

@Tanay Patel Having been involved with TK investing for a while, there is truth in both Mark's and Nathan's posts. I'll add this as well. I've seen several investors start their portfolios with TK investors to learn how REI works. Many people with busy careers and little time have benefited from purchasing a TK property or two and then "taking the leap" to buying a property on their own and rehabbing or handing it over to a good quality Property Management company. It's a great way to learn by observation and to start your portfolio.

@Jhoana Olarte Thank you, great information. @Tushar Prasad 6 to 6.5 months of inventory is generally considered a "balanced" market so we are still considered in a Sellers market

@Richard Wallace Yes, still happy with HtownRPM, They manage my property. Full disclosure I also work there.

TX 99 [Grand Parkway] will look like Sam Houston Tollway in very short order. Economic expansion and job growth around it will be amazing. It already needs to be widened from Tomball to Spring [can't handle rush hour loads]

Houston is still a great value, and we are growing by 100,000 people a year.

https://texasturnkeyproperties.com/houstons-growth-will-outpace-nations-and-the-states-over-the-next-five-years/

@JoJo Tucker Take a look at the Greater Houston Partnership's website: https://www.houston.org/

Some really great info on the economy. i like them because when something is wrong [oil and gas layoffs] they don't ignore it or run from it. And luckily we've had way more good news than bad news for the last 2 decades ;-)

@Frank LaViola Water heater in attic is not bad and you just need to keep drain pan line clog free. Any water coming out of that pipe [usually found at soffit] is a sign you've got a problem. Easy fix. Calcium build up is biggest culprit, cuts life if you don't open valve and purge annually. 

@JoJo Tucker That's about right for a 1,500-1,700 ft2 3/2/2. Most companies charge by the pier so it just depends how many you need. Average size home usually between 30-35 piers

I would agree with previous posts. Soil has high clay content and it expands and contracts with moisture. Over time [decades] it is common to see foundation issues and those are usually addressed by having foundation piers installed. That stops movement of the slab. This video explains it pretty well: https://www.youtube.com/watch?v=m5z6GDuGtCE

Our HVAC systems run for more days/months per year than normal so they wear out faster than cooler/dryer climates. 

Roofs hold up pretty well here and the occasional severe weather we get [thunder/hail] can shorten roof life but it is also often addressed with insurance claims 

@Jameika Southern You are in a great area and have many options. Multifamily and HOA's don't co-exist in Htown area very well. You're best option maybe Single Family and it also maybe buying a rehab. If you can find a fixer upper you can rehab it and get a great deal. There are many financing options to do this. The challenge will be to find the distressed property as Htown is very competitive and filled with people doing the same thing.

Beware of flood zones. They are well documented and it's not necessarily a bad deal to buy in a flood zone but you need to factor in the additional insurance cost.

@mark derecho  What is the age of the foundation? $6K sounds about right. @Costin I. is correct, those are all things that can go wrong but you can also use that to negotiate a better price on the buy. We routinely rehab houses built in the 70's and 80's and with the Houston soil [high clay content] foundation repair is common.