All Forum Posts by: Jeremy Kersten

I agree with Valli. $1600 seems a little steep. Just last year I was paying $1200/per month on a home in NW Houston in a great school district and home values slightly higher than $100K.

Tyler, 

This sounds like good news for current investors but what about the aspiring investors? What advice do you have for them / us / me. My own gut tells me to stack cash and wait for another low time in real estate. I don't expect another "crash" like 08' but at some point we will go through another "buyers market". It's just a matter of time. What do you think?

Charles,

I may be able to help you. I'm a New Home Sales Counselor for CalAtlantic / Ryland Homes. We're currently building in Fall Creek and I want to get you in touch with our finance department if your interested.

Thanks Charles.

Hey everyone,

So for the past few months from time to time, I check out HAR and Loopnet for beginner investing opportunities. I look for either single family homes to flip or multifamily to buy and hold. Maybe I'm blind, but I don't see anything worth investing in. The foreclosures aren't cheap like they used to be and the multifamily look like **** and are in sketchy areas of town that no one wants to live in. Biggerpockets just released an article last week prasing Houston as one of the top 5 U.S. Cities for investers. So what am I missing?

 I am interested in flipping single family mainly for the quick return and also buying and holding multifamily. From what I've heard, buying multifamily is usually not that much harder to obtain than single family for buy and hold purposes. Have you found this to be true in your experience?

According to KeepMyTexasHome.org, 

"The foreclosure process in Texas is very short and simple. Homeowners in default on their mortgage can, by law, lose their home in as few as 41 days. And because Texas is a non-right of redemption state, there is no opportunity to reclaim your property once the foreclosure has taken place. For these reasons it is extremely important for you to be informed and act quickly when you encounter difficulty making your mortgage payment."

I still like the idea of an attorney like you guys suggested. Thanks everyone. 

I've heard when you buy a foreclosure from the court house steps at auction that you cannot resell the property for X amount of time to give the foreclosee a chance to buy it back. Something like a few years? Could someone shed some light on this subject for me. Thank you. 

I agree. When I read your original post I read it as if you avoided homes with natural gas. My fault. 

 Totally true Roger. Good point.