All Forum Posts by: Cory Boren

David,

Hard money is a great way to leverage and increase your ROI. On the flip side the pendulum can swing the other way and your losses can be greater. We provide wholesale properties to investors as well as hard money but I do caution my investors to stay up to date on where the Houston market goes due to oil volatility. The market has been hot and pushed margins to 75-80%. This is possible because holding costs are low due to low DOM. If there is a small downturn, which in my opinion will be very short lived, will affect higher priced properties that have experienced large increases in appreciation in the past few years. Either way, movement up or down, is great for investors. Just don't get caught with a hard money loan on properties 500k ARV or more.

Cory Boren

832-877-8035

Hey Corry, I am a wholesaler/ Investor in the Houston are.  We have an office on the southeast side of town in Frienswood as well as an office on the West side of town near the Heights.  We sell 40 property per month only to investors.  Call me if you have any questons 832-877-8035

**OFF MARKET**  DO NOT DISTURB TENANTS

4802 Lost Oak Dr, Spring, TX 77388

Selling $86,500

Rehab $16,000

ARV $130,000

 3 Bedrooms 2 Garage 2 Bathrooms   Square Footage 1759  Year Built 1976  This is a great flip or rental in the Cypressdale Subdivision. The roof is only a few years old. The A/C condenser needs to be replaced and there is a little bit of foundation work that needs to be done. The exterior was just recently painted. Rents are going between $1350-1400 a month. The seller will need a 2 week leaseback. This one is occupied Please do not disturb the tenants.  

Call Cory 832-877-8035

Flip Property

Asking $89,500

Rehab $6,500

ARV $120,000

I am selling 5 rental properties in Spring Texas for $460,000.  Currently 8% cap rate but all are on a month to month and can easily be rented at $6,150 per month.  Call me at 832-877-8035 if you would like more info. 

The goal is to obtain assets so buy rentals.  If your job affords you the opportunity to do so at a faster pace than flipping then continue that course.  If not, flip and invest the profit into rentals.  Flipping is not passive income so you are essentially creating a job.  Passive income is key.