All Forum Posts by: Daniel J Dominguez

Hey @Dannielle O'Buckley 

Ive heard of people doing that, ive had thoughts of doing it myself in my home, i think its very doable considering that everyone wants to live in that side of town. Good way to live in a good area for less. 

Would love to connect and see if the few deals would work for you. 

Agreed Houston is huge, for meetups i usually use FB or meetup.com. There are a couple of events for real estate all the time

it really depends on your game plan and your situation in life. if you need a place that provides job security, a stable economy then Texas is definitely an option. I prefer Houston because its still provides affordable housing compared to the national average in major metro cities and the job market is the best in the nation. I would recommend doing your own research. 

The reason i say to do new construction if you have the capital, is because of what @John Collins said, people will flock to the new shiny object every time. Also your shelf life of the property will last longer, youll have a lot less maintenance costs, youll generate a buyer/tenant quickly, and you can rent/sell for the maximum amount in the area. 

on the flip side, you wont have as much equity as you would if you bought low and sold high. Thats is always the most profitable approach, however in those areas, the likelihood of buying at a low enough price and renovating to profit is a challenge. The few properties, if any, that are actually good deals there are very few and far in between. 

To summarize, it really depends on your strategy. Each approach has it pros and cons but Ultimately theres one thing that reigns supreme and thats Location, Location, Location! If you have prime location then you will make money @Tochi Ajiwe

Correct, i meant more along the lines of the MLS towards investors and homeowners. As for off market, ive seen some good ones, of course theres always more bad/on the border than there are good but that comes with the territory right. The truth is that it takes work to find and analyze the influx of properties that make up Houston. Ive spent a lot of time analyzing and really like to find properties and run the numbers for myself. so any deals i find that i make sure to tailor it to the investor/homeowner's COC and ROI and if it not then i dont even waste their time. If i bring an deal ive run the numbers forwards and backwards. You mentioned your looking to fund deals in Houston or your looking to purchase deals in Houston? @Nigel Prentice

I think house hacking is a great idea, when it comes to the TMC(Texas Medical Center), it really depends on your financial and your long term strategy. Meaning if capital isn't a problem and your long term plan is to cash-out in 5-8 years, then i would lean more towards new construction in that area. However if funds are low and you want to cash out in 2-4 years, then i would lean towards a 4-5plex that needs work. Either way, as the largest medical center in the world, TMC area will continue to grow and appreciate for the foreseeable future, which makes Houston TX a great place for investments @Tochi Ajiwe

Real Estate Agent
TEXAS (714181)

surveying the market, there seems to be a shortage of good deals at the moment. In Houston, were seeing a very competitive market and any good deals on the MLS are gone quick. I believe this due to a combination of reasons such as, low inventory, affordable pricing and low interest rates. i believe that as time goes on we will continue to see a shortage of good on AND off market deals, while also seeing a large increase in home values and appreciation, especially in the single family sector as home prices rise. Good time to buy in Houston TX

Real Estate Agent

TEXAS (714181)

Houston is such a great city with a lot to offer. Its actually #1 city in the US for Job creation. The fact that it is the 4th(soon to be 3rd) largest city in the US and that the average home price is around 280k, makes for a great real estate market. highly recommend looking into Houston as an investment market for flips but especially for buy and hold @Brint DeVilling

shh dont tell anyone lol @Andy Webb

nice one @John Reed 

do you come across many like this one?