All Forum Posts by: Brian Schroeder

Hi Mei,

I'm Brian Schroeder, a Realtor in Houston serving both high-end luxury homeowners and investors. My background in multifamily development may be of value to you.

I'm an expert financial modeler.

Let's connect!

I'm curious to hear what other Realtors are seeing in the DC condo market. Are conditions improving or does it still make sense to sell your projects permit-ready rather than completing the project and reselling it?

Do anyone have any favorite cities / counties to invest in in Maryland? I'm curious to hear why.

Oscar - I'd be happy to connect with you! I'm a licensed agent in TX.

@Glen Wiley - what other forms of insurance do you typically get for your rental properties or does the LL insurance policy cover everything you need?

@JC Coskun, Nice to connect! I'm also an agent in TX and MD living in Washington DC. Let's connect - I'm interested in learning more about the project you recently completed! Let's definitely do a site visit. When could we set this up - I am traveling starting February 8th.

@Caleb Hood - Good on you for picking one of the best ways to get into real estate.

From my perspective, you will not be able to cash flow a house hack deal in Houston proper with interest rates being where they are today, unless you buy something that is EXTREMELY worn down for a low price. I have a buddy who successfully house hacked (renting by the bedroom) a duplex in 77033/77087. Keep in mind interest rates were extremely low when he got into the deal. Those zip codes are close to Baylor Medical Center. Are you planning to cash flow the property, or just live in it and reduce your overhead by renting out the bedrooms/units; then reselling it?

Echoing a lot of what Carla Gordon shared, MTRs perform exceptionally well in the Texas Medical Center, particularly among operators engaging travel nurses.

Looking forward to it!

Hi @Nate Mcauley!

Gig' em Aggies! College station is a great market for rental properties, I have come across a few deals out there over the past 3 years. I'm curious to know, how are you finding the properties you're looking to purchase (On-market, FSBO, Off-market, etc.)

Renting by the room is a great concept in theory, but nonetheless, you need to understand where you are looking geographically (how close is the property to the university), and second to that, you should consider -- do you need to get a duplex to make the deal cashflow? 

Given interest rates are high right now, many duplex properties do not cash flow, and I am under the impression that you might be able to get away with renting a SFH by the bedroom, for a lower all-in cost.

Summarized:

1. How much capital are you able to put into the deal at acquisition?

2. Are there any restrictions in the neighborhood on the number of non-relative persons can live in the property?

3. How close are you to the university?

4. What is the rental rate?

5. Do you have a reasonable pro forma drafted that you can use to analyze deals?

6. How are you finding deals?

I have a network in College Station who can help in terms of finding the right property. Reach out if you have any questions.