All Forum Posts by: Jose Garcia

Yes sir you are, I currently live right behind UTMB which is a very well known hospital in the area, I feel it's a comfortable median between Galveston and Downtown. Now that they're finally completing the five lane expansion on 45 and the grand parkway here it'll be a little more friendlier of a commute. I here a lot about Hitchcock Dickinson and typical Friendswood but those are all very common flood zones. We don't expect to see anything close to Harvey for a very long time but the sense of security for families and yourself is priceless. 

@Jason Ma I recently moved from Pearland to League City so I can touch a little more on the subject. For one like said above Pearland is very nice yes but extremely saturated, the traffic there on it’s own is very bad. The new part of Pearland has more crime rate vs old side of Pearland. I was living there when Harvey hit I personally did not flood but a lot of people did. If you’re looking to hold in Pearland do take in account the property taxes there. They’re probably the highest I’ve seen in the area, before moving to League City I was looking at a new construction home 3600 sq ft 380k purchase price with property taxes at 1450/ month (MUD district makes a huge difference). Here in League City 4000sq ft home 420k purchase price at 650/ month. League City is known to be the safest city with more CHL holders than anywhere else. Houston and surroinding areas are all projected to grow, in my opinion is catch something that is set to grow with lower upfront investment. I forget where I read that Houston is currently at 4-5 million population and at least double in the coming years.

@Corby Goade thank you for the reply sir, coming into this id like to play it safe not taking on more than I can handle. I am all about quality over quantity, ideally id like to knock out a rehab in 12 weeks with me and my crew of guys considering I've read so many horror stories from dealing contractors alone. I guess my big question is where do I find these deals (the under 100k) seem to be very hard to come by. I met with a "realtor" from NWA and he sends me daily leads but they are very far from leads. SF homes needing almost full rehab selling at 90-95% ARV.

@Matt Crusinberry thank you sir, I appreciate the advice. I have heard from a few people Zillow is not the most accurate on comps and value per home?

So I am 100% new to this and will be giant book of questions but I have already met some pretty awesome people on here! I currently own a retail business that is self sustained and have since opened a construction business to help me along the way with this real estate venture. I am located in League City, TX and would like to stay around this area because id like to see what I am getting and put my hands on if need be. I am interested in starting off with fix and flip SF homes and work my way up to holding onto them for passive income. I just bought a home six months ago and put down around 100k but have since saved up around 90k to start off. Do I have enough to actually get into this, or will I need to talk to lenders/investors? What should I be on the look out for as far as evaluating homes to make sure the ARV is what it is advertised to be? How do I go about finding what exactly needs to be rehabbed and to what extent without thinking of it as a home of my own and going overboard? Ive had a few people contact me about investing with them on certain portfolios they have but again I am to new to know whether it be worth my time and money? Just looking for some insight from veterans who know what they are doing and that can point me in the right direction.

Thank You to those who reply and can be of any help to me

Jose Garcia 

Those who have more info I currently live in Victory Lakes in League City. Would love more info on the area, id like to invest near home. 

Deals are out there, I've learned its more of who you know when it comes to finding deals aside from you actually going out and finding them yourself. Good luck to you

I too have been looking for deals here in Houston and none of them make any sense. ARV is way off and comps don't make sense either. They're trying to sell for almost full ARV while needing rehab and some wholesalers are wanting double closing plus other fees and it just adds up. I actively look daily and ready to make a purchase asap, this will be my first fix and flip.

Just wanted to pop in and introduce myself, 27 years young been self employed since I was 20 and looking to get into real estate investing. Initially started off in the car business but didn't want to get burnt out on my making my hobby my business, then moved onto retail (vape shop) and have been doing a lot better than I expected. I have always wanted to get into real estate (fix and flip), now that I no longer need to be at my current business everyday I can invest 100% of my time into this. I keep an open mind and ears willing to learn. My big question is what is a good number needed to start off getting to a SF home that'll need rehab to flip, I know it really depends on area. Hope to learn a lot here and most of all network and meet new people.