All Forum Posts by: Ellie H.

true indeed.. especially on podcast versus real life. Nice post! Supply is thin indeed and what is available is flying off the shelf pretty quickly. 

Hi Tochi , 

Location is important, however  is it priced competitively considering its proximity to the feeder road ? What's the condition of the property ? Is it being rented .. are you  buying to rent or flip?  Based on your analysis which is most profitable? 

both areas are being gentrified and have different demographics  and you almost have to consider it on street by street basis . I've been driving around these areas and I can see significant differences from one street to another even in the same neighborhood. 

Present in Houston :-) I'd love to connect with other Bayou city ladies .

 I know all those areas.. Sul Ross/ Dunlavy in Montrose used to be my old stomping grounds.  

When I analyze some of the mls listings i see, the returns around 2% or even less, I am using financing , so means i have to get better deals/price. 

I will stick to my plan and stay around the loop. Thanks

 Cody that makes sense as that is what I seem to be coming up against , so the ones you bought that don't fit the 1% rule, you got them because you will still make a profit or you are expecting appreciation ?    MFH will be more attainable in the loop?.. for my first purchase I have to stick to less than 5 doors because I'm utilizing a SDIRA/ non recourse loan with some restrictions. 

 I choose the loop because I prefer to invest in a a location with high land value, where  real estate availability is limited and close to downtown/core of the city. I am also more familiar with areas within the 610 loop.  Just my personal preference.  I am not about to start a loops vs suburb war :-).   Maybe I need to be a bit more open , but I feel like i need to stick to my criteria otherwise i'll be chasing rainbows. 

I have already lined up my lending,  I'm now looking for an agent. For my first deal I prefer not to partner as I am utilizing my SDIRA to invest, so would prefer to keep it simple.  Thereafter I will definitely be up for partnering. 

Thanks for the challenge, I agree I need to get uncomfortable and get out there.   

 Thanks for the feedback. 

This will be my first deal. I don't own any property yet. I'm currently looking at the MLS. I do get one wholesaler listing though, but I have not found anything that meets my criteria yet.

Houston. I thought I had posted in the Houston forum.. oops let me check. 

I have a pretty clear idea of what zip codes I want to invest in ( the inner loop) and what type of properties. I have been driving the area for the past couple of weeks. I have been searching the MLS for properties but they are flying off the shelf very quickly (even ones that are way off from the 1% rule). I need to act fast or wait for a cool off?

I hear that buying off the MLS is better because you have better chances of buying right / below market price. However I don't seem to be moving beyond searching on the MLS. I know I need to build a network . I have attended a couple of events this year.

I feel like I'm stuck in a loop and I need to push things along without giving excuses.   

Do I need to be working with a realtor? wholesaler?   Networking is also not my strong suit, but I am good at analyzing information, so there is a good chance I am over analyzing things and I just need to get out there to my "uncomfortable zone". 

Thank you