All Forum Posts by: Kane Griffin

Hello all,

As a new investor I would like to get some insight from the experienced real estate investors. So everyone who buys real estate whether its a filp or a rental knows the goal is to keep expenses as low as possible to make the highest return. I would like to get your opinion on the corners you can/should cut as well as the corners you cannot/shouldn't. What are some of the things that you tried to save money on that ended up costing you more? As well as some of the areas you can consistently save money on. I know as a general contractor that the cheapest bid can sometimes cost you more money/time in the long run. 

Hello all, 

I am looking to purchase a home in the south Houston region- Pearland, Pasadena, League city, Friendswood, and surrounding areas. I would like to purchase a home that needs a good amount of work and buy it well below market value. I am a contractor so i do prefer distressed properties that i can build equity in. Ultimately I am looking for a real estate agent/broker that can help me on this search. I am looking to build a long term relationship with an agent that specializes in these type of properties. Also any advise on how you guys find Pre-Foreclosures and bank owned REO's will help me alot.

Investment Info:

Single-family residence buy & hold investment in La Porte.

Purchase price: $150,000
Cash invested: $7,000

I am currently working on a single family home in La Porte, Tx. This home was purchased under market value and needs very little rehabilitation to make rent ready. I have been putting in a lot of my personal hours to keep cost low during the rehabilitation stage, and i plan on keeping this house as a rental to kick off my investment portfolio.