All Forum Posts by: Effram Barrett

Originally posted by @Jorge Quintero:

@Roi C. @Effram Barrett I'm most familiar with the N/NW side of Houston (inside the beltway loop), so I want to mostly start investing in that area. I know some areas above 610 are doing really well, and I'm also looking at areas around 249 and I-45. What about yourselves?

 I'm looking in the north east around Humble/Atascocita area for short term rentals

Always good to see a fellow Houstonian join. 

Houston is a such a unique city with so many markets within the greater Houston area. Good luck in your investing, and also what areas are you looking to invest?

Wow that is great work. I like how you added value by adding 600 sq ft, and all of your moves seem very well calculated. 

Would you ever consider doing new builds or do you just want to stick with rehabbing?

I think the deal would be sweeter if you got it for 70k-80k

I would suggest reading "Think and Grow Rich" by Napoleon Hill. Your thoughts are very powerful, and if you think fear, then you will manifest negative results. Do your best to block out the fear and think positive, and you will manifest positive results. Seek more knowledge in real estate investing and you will learn how to make calculated risks. Your fear will eventually fade away 

I would encourage anyone in the area to spend the day with @Tony Castronovo and see how he does the maintenance on his properties. This would be very beneficial for buy and hold investors; I really enjoyed myself and now have a new connection in and outside of the REI circle. Thank you sir!

What's up BP! So I have a broker I am familiar with who is looking to move a townhouse in the area. Her seller hand an initial price of 75k with about 15k rehab. I told her that I didn't like the margin with the ARV at around 105k So she informed me today that the seller is willing to carry the note for 71k with 20k down. This deal is starting to look more enticing, and she informed me that the previous tenants lived there 8 yrs paying $1200 monthly rent. I do not have the reserves setup yet to where I can pay the 20k down. So my question is, what are some creative ways to where I can put the money down as well as spend the money for the rehab? Any help would be appreciated

That is scaling up at a rapid pace. Congrats @Collin Schwartz It really is true that your network can increase your net worth.

I can do the 27th no problem @Tony Castronovo

I would love to help out and gain some sweat equity. I am very interested