All Forum Posts by: Daniel Fierros

Michael Le I actually meant to say Third ward (U of H area). I've seen some new builds being built there but I still see some run down neighborhoods (particularly near U of H and TSU). But from what I remember, a lot of those houses in Third ward are tax delinquent so I think gentrification will eventually takes its course.

Hello BP. I just wanted to get your opinions on examples of neighborhood classes in the greater Houston area. 

(Example - may not be 100% accurate but just to get the gist of what I'm looking for. The more the better). Thx to all who comment.

Class A - Rice village, Montrose, Bellaire, Heights, 

Class B - Humble, clear lake

Class C - Greater Fourth ward, 

Class D - Sunny side, 

Hello BP. I just wanted to offer my service to anyone who would need it. I have 2 cars for rent on a peer to peer platform called Turo (think of it as AirBnB for cars) in the Houston area. Whether you're planning to come on a business trip or vacation, you can book a trip with me & my father. We offer things such as free delivery to the airport (or address if you are a local Houstonian) & a low price for the car you are getting (2014 Mercedes CLA or a 2017 Audi A3). If you have any questions, feel free to comment on this post. I would love to have a discussion on this thread to answer any questions, hear your concerns or even past experiences (good or bad) with Turo. I only begun this venture back in October of last year so I'm still fairly new but I've had a great experience after 80 rentals with it so far and my ROI is great even with the low price I offer. I can also send a link to my personal Turo profile (with plenty of good reviews) for you to look at. Thank you & I look forward to reading from you.

Hello everyone!  I am also a Turo owner. I currently rent out 2 cars (2014 Mercedes CLA & 2017 Audi A3). It's been going well for me so far with minimal effort as mentioned above.  My cars are new and under warranty so I hardly worry about the renters' experience with the car. As far as Cash flow goes, I get about $175/mo of cash flow (after my car payment & insurance) after this 1st quarter from each car. My clients are mainly people flying in on business or to visit family. It's been a very nice experience so far!  

There are some credit unions who's credit cards have no cash advance fees so, in essence, they act as a line of credit.  I have a credit card with JSC credit union with a $10k limit and I've maxed out all of it at once quickly.  When I got the card, they had a promotion that it was 3% interest for the first 6 months, now I'm at 7%. It's their platinum credit card. I don't know if they still have the same promotion or not.  if you have a regular job with good credit like me, I'd advise you at least look into this route. 

Good luck and valid points everyone on the risks involved with condos. 

@Andrew Johnson I don't have that much capital saved up at the moment because I've been paying down my car loans. I have a side hustle where I rent cars out on a site called Turo (sort of Airbnb for cars). That's been going well but I want to transition that money into RE because, ultimately,I want my money invested into appreciating assets as opposed to the depreciating assets (cars) I'm currently investing in. But incase a deal pops up, I can  raise money through cash refi(s) on those cars and I would be borrowing at sub 3%.  And as far as co-signing, I was thinking more along the lines of if their "Debt to income" ratio was the problem. 

@Cody L. thx for your reply. Yea from what I can gather, it seems easier for more advanced investors to get financing on commercial since its more asset based instead of based the borrower's income (or at least the income you allow yourself to pay taxes on after the write offs and such lol) with residential. But I would like to learn and look for ways to provide value to whoever I can learn from. 

@Andrew Johnson thanks for taking the time to reply to my post. And I'm perfectly fine with your comment.  I want to learn about the real estate game but not at the expense of getting taken advantage of. Thanks again for your reply. What are some other ways that a newbie like me can add value?  

@Cody L.thank you for your comment man. There are actually a few Tesla's that people have put up. I don't know how it's going for them specifically & yea I apologize for the keywords. I did want people to read it but now that you point it out, it does seem shady but so far it has gone great for me as well as the people who rent from me. 

Austin Hughes as long as you have a spot where you can park it and it won't cost you too much. I've also learned that there are other factors that play a role in the # of rentals your car gets.