Quote from @Larry Davis:
Quote from @Ken M.:
Quote from @Larry Davis:
Where would a smart investor go in Texas to invest in rental properties for overall best cash flow? Buying fixers for cash/fix/rent.
Larry
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The guy who most regretted the California gold rush, was the guy who told the Assayer where he found the gold.
There is a big difference between teaching a guy how to find where the fish are, rather than telling him where your favorite fishing hole is. You might tell your brother or best friend the location, but you sure don't tell strangers. :-)
Here's a hint though. Go to a website like Redfin, sort rentals by any zip code you want to buy in. Use that information as a basis for what you can get for rents there. Then what we do, is buy properties using creative techniques that access the existing interest rate of the existing loan. We don't have realtor costs, loan origination costs or DTI limitations. It's work, but it works. If you won't put in the work, don't expect fish for dinner.
One of my buyers is from So Cal and even with my fee, he gets $60K equity and cash flow on the deal I just sent him that he closed on. Another buyer from Sacramento, same thing. He found it to be more profitable to have me find him a deal, than to do the work himself. Oh well. His choice. He still got a great deal. The high tech guy in Sunnyvale wants a "double golden deal" so he is tougher to please, but we'll eventually find him one.
The fish are jumping if you scout around the waters you are in.
(locations not named in order to protect my client's investments)
Keep your investments Ken and their locations. I don’t buy subject 2 bc it’s risky and it’s getting shut down by state regulators. And I know how to use Redfin to pull rental and sale comps with my eyes closed. Btw, confident and secure investors have no problem sharing location information. I’ve ran into many even on this post. I’ve shared location information with them as well. No harm no foul.
Here’s a quote from one of the wisest and richest kings to ever walk the earth. “He that waters others will himself be freely watered and the generous soul will be made fat.”🤔
“He that waters others will himself be freely watered and the generous soul will be made fat.”
You weren't offering to "water others", you are asking to be watered. You have misunderstood/ignored the quote.
Please, tell us, where are the best places to invest then?
You're answer is always said by the people who won't put in the work to succeed. But, Bless you anyway. ;-)
"Follow our example, because we did not act in an undisciplined way among you, nor did we eat anyone’s bread without paying for it, but with labor and hardship we kept working night and day so that we would not be a burden to any of you; not because we do not have the right to this, but in order to offer ourselves as a role model for you, so that you would follow our example.
For even when we were with you, we used to give you this order: if anyone is not willing to work, then he is not to eat, either. For we hear that some among you are leading an undisciplined life, doing no work at all, but acting like busybodies. Now we command and exhort such persons work peacefully and eat their own bread."
I'll take Paul over Solomon any day. Solomon did plenty to displease the King in his pursuit of wealth.
