All Forum Posts by: Bryan T.

Thanks for all of your replies. What about this listing that is currently 140 days old that I just found on Har.com? 

https://www.har.com/s/535Acff3132

It is located in the 3rd ward, but why have they not leased it in 4+ months and are losing money on it? 

Are there any drawbacks to being a real estate agent and managing own properties? Do you need to disclose that you are an agent if you rent out your own properties? I am planning to buy properties to manage myself, and maybe rent out rooms as well. I just want to know if there are any drawbacks to being a real estate agent and anything you need to do that a non-agent does not have to do when renting out your own homes. 

Do we need to worry about flood zones and flood insurance when buying rental properties in FL? Any good maps with the flood zones?

Are there certain cities that never have any hurricanes or floods in Florida? Which cities have the highest and lowest risk of hurricanes/flooding? 

Thank you.

Do we need to worry about flood zones & flood insurance investing in Jacksonville, FL? Does Jacksonville get a lot of hurricanes and flooding? 

Also, I am from the Houston, TX area. Anyone know how the hurricanes and flooding compares to Houston? 

Is it possible for a market to have an oversupply of rentals? I am looking to invest where I live right now (in Houston) but many of the rental listings I see on the MLS have sat vacant for 100+ days, with some even sitting for over hundreds of days!

Do you need to check the saturation of the market as well when you decide where to invest? Is Houston oversaturated and should I invest here or another city? How hard is it to analyze the saturation of a rental market? 

I am looking at rentals on Har.com and I just see so many rentals available on the market all over inside the loop (Midtown, Montrose, Third Ward, etc.). I also see high days on market for many rentals on Har.com (100-140+ days on market!).

If I were to invest in a multifamily or SFH inside the loop, how do I compete against all of these available rentals and all of the apartment buildings in the area? I can lower the rents but by how much (and if I were to lower too much it would not be good either right?)? I just don't see how you can make money from rentals in the area with all of the existing rentals, high days on market, etc.

Anyone have any insight/advice? I am scared if I buy a rental property that it will not rent out well and I will lose money in this market even if it meets the 1% rule, etc. 

I am a young mid-20's new investor planning to move to Jacksonville, FL to start BRRRing. I currently do not have any rental properties and have just been reading a lot of real estate books and listening to podcasts. I currently am in Texas but the properties here are more expensive and the property tax is high. 

Should I start investing/BRRRing here in Texas first or should I move to Jacksonville, FL to get beginning experience? I have about 200k cash to work with. I currently live in the Houston, TX area and it seems many people are investing outside due to better price/rent ratios, lower property taxes, and because of flooding/hurricanes here. 

I am a young mid-20's new investor planning to move to Jacksonville to start BRRRing. I currently do not have any rental properties and have just been reading a lot of real estate books and listening to podcasts. I currently am in Texas but the properties here are more expensive and the property tax is high. Should I start investing/BRRRing here in Texas first or should I move to Jacksonville, FL to get beginning experience? I have about 200k cash to work with. 

Okay, would it be smart (or unwise) to tell them that you have at least ______ amount (e.g. 200k) and what price point you are looking for so that they know you can purchase BRRR rehab properties quickly in cash?

Is there insurance to cover intentional damage by tenants? For example, if your tenants intentionally trash and damage your property, turn it into a meth lab, or any other intentional damage (e.g. vandalism). 

Is there a type of insurance that landlords can purchase to get reimbursed for this damage or do landlords have to pay for it themselves? This is probably one of the things I am most scared of in owning rental properties, particularly in C/D class areas.