All Forum Posts by: Jorge Sosa

Hello BP members,
I'm thinking of getting a duplex as my first investment property, living in one of the units for some time, and renting the other unit. Then eventually rent both units is the plan. I was wondering if any of you has experience with duplexes in Houston. Any area I should focus on for my search? Any tip is appreciated.

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Houston, Texas

Quote from @Scott E.:

This is a loaded question. I'm 10 years into my real estate investing journey, I've bought and sold dozens of homes, and I still don't know exactly how much every line of the rehab will cost or exactly how much life certain items have left on them.

With that being said, my eye has become more trained to identify and estimate these things myself and nowadays I'm generally pretty close.

If you're new, I recommend you first get the home under contract. Then during your due diligence window, bring out a home inspector and a general contractor.

The home inspector will inspect the ENTIRE house and give you a sense for the age and condition of everything

The general contractor will be able to give you a bid on how much it costs to fix or replace X, Y, Z.

Thank you very much, this is a relief to hear from someone with experience. Any tips or tricks to spot things that aren't right with a property other than the obvious.

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Hello BP community, I'm new to real estate investing and I'm thinking of getting my first rental property this year. I've been already networking with people, studying, and doing my due diligence to inform me well of what work and what doesn't in my area.
One question that I've had in the process is the following: How do you calculate expenses and repairs on a property? at what point? What I mean is, let's say you see a house in the market that you like. You go and see it, if you are not an expert how can you tell if the roof needs to be replaced or if there are foundation issues? or how long will these things last so you can calculate expenses accurately? Do you bring a contractor with you when you tour the house so you have a better idea? or are these kinds of things discovered during the inspection? This would seem late because at that point you would already have to have an idea on expenses right?. So I'm a little bit confused about this part of the process.

Any clarification would be appreciated!

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Could you explain your numbers? How are you getting 17% CoC if is not a cash deal? Not putting you on the spot at all I am just learning and want to make sure I understand.

I ran some numbers with the info you gave and the only way I get that 17% CoC is if it is a cash deal. Ofc I might be missing a lot of the information you have.

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All Forum Posts by: Jorge Sosa

Jorge Sosa has started 2 posts and replied 4 times.

Post: How is the duplex market in Houston?

Post: How and when do you calculate repairs and expenses ?

Post: How and when do you calculate repairs and expenses ?

Post: Need help analyzing a deal