All Forum Posts by: Daniel Fierros

@Sharad M.

Hi Sharad. the address is 842 E 14th Ave Gary IN 46407. I've only seen the prop from google maps. It looks to be good from the outside. Did you grow up in Gary?  

Hello BP, Another post for all the Investors in Gary, Indiana or Chicago area that invest in Gary. I own a note for a house that is about to go into a sheriff's sale in the near future. The tax assessment value is for about $31k. Is this a good "as is" value to sell the house for or are there factors that make the sell price higher or lower? If I can set the starting price, I would set it lower in order to leave "meat on the bone" for anyone who ends up winning the house in the sheriff's sale. Whether it be an investor or even a home buyer looking to live in. All opinions welcomed. Thank you. Daniel Fierros

Hello BP! This is a question I have and any opinion is welcomed in this forum post. I just wanted to know the different ways that a note investor can lose in a note investment deal. In this case, I'm mainly talking about a non-performing 1st or 2nd note (although if you have an opinion on the risks of performing notes too, I'd like to hear that). And I ask this question bc I want to interact and meet with more investors who are in the note space. Thank you Daniel

welcome to Houston @Vanda Crossley.  I wish you the very best of luck in your quest to provide for yourself and your family. 

thank you for your input @Tim LaBorde.  Sorry I was a bit late in responding but I totally agree.  I have a better understanding thanks to this thread.  Thanks to everyone! 

Thanks @Brianna H.  so a question I would have for everyone here @Aristotle Kumpis @Arlan Potter (and anyone else in BP, of course) then would be "What percent would be worth pursuing?"  My opinion is 1%+ but is 1% too low a base?  Thanks 

Originally posted by @Aristotle Kumpis:

Houston is getting expensive. I'm seeing 1% or just over, in B areas. It could be possible to get close to 2% there, but it might be in a not so desirable area.

Ok. Thanks to both of you for the replies.

Originally posted by @Arlan Potter:

I like the higher returns. 1 1/2 % and up. 3-4% is real good.  Buy cheap rentals.

I'm seeing 1-1.5% as a norm when I analyze but I figured I would throw the question out there to see if anyone is getting better returns than that as a norm. 3-4% would be down right AMAZING but it's very hard to find here.  At least from what I'm seeing.  

hello BP.  I would like to know opinions about what's a good percentage to shoot for in regards to rent rates compared to purchase price (i.e. 2 percent rule) in the Houston area.  Thanks!

hey @Jim C.  thanks for reaching out. The property is located northeast of Black Oak.  It's a couple of blocks just north of Dunbar-Pulaski Middle school by Central Avenue.