All Forum Posts by: Kaelyn Motzel

@Mike De Lota is correct! You just need to check with the HOA

@Steven Ha Yes, HAR is Houston Association of Realtors. It's our MLS. I think most out of state investors use a property manager. Most of our investors we manage for are out of state. I know one landlord who manages two rentals from out of state, but has boots on the ground near his properties. PM rates vary, but we use a scale. The more properties you have, the better rate you get

Here's the July report from Houston magazine
https://houstonagentmagazine.com/2020/08/13/houston-home-sales-surpass-10000-july-setting-single-month-record/?utm_source=newsletter&utm_medium=email&utm_content=http%3A//d31hzlhk6di2h5.cloudfront.net/20200817/8d/3c/36/b4/7f3630fad32665b2566f9e25_1024x680.jpg&utm_campaign=HOU-AU-8-17

Spring is a hot single-family market, Katy, Baytown, Pearland. On HAR you can typically find properties that are already tenant occupied by searching for "investor" under the "financing considered" criteria. Hope this helps!

@Thomas Weidner They are wraps

@Mark Sewell You are correct, I made a mistake! We use august REI for loan servicing. We've used two different RMLOs on our deals. We talked to local agents to find a local lender who would help us out. I believe they charged $500 to approve. We made a mistake of processing someone on our first deal and lost the $500 before we got a deposit. Now we have the buyers pay for it.

@Benjamin Blackburn that's awesome!!! Humble is a great rental market. I 100% agree with you - owner finance is more "now" money. We just started making money on that and plan on letting that pay for future rentals and/or dividend accounts.

Sounds like you're making the right move with wholesaling!! I'll shoot you a message. Would love to connect more!

Try and get the tenants in place before closing if no rehab is needed!

@Tochi Ajiwe How big is the 2/1? Can you throw up a wall and make it a 3/1?

Hey Mike, room rent will completely depend on what area you're in. The closer you are to downtown, the better. You can look at roommates.com and get a good feel for prices! Hope this helps!