All Forum Posts by: Kesia De La Fuente

The ARV estimates are pretty accurate. Taxes are $3170, monthly rents are $1500 average, great school district which I went to as well so I know the area pretty well. I know the pool is a good selling point for a flip but like you said its a liability for a rental. How would that work?

Hi All,

Newbie here in Houston. I have a home that I would like to get under contract for $125k but the owner is not wanting to budge at $130k. The home is 3/2/2 but needs about $15-20k in remodeling. Another home similar to this one in the area sold for $200k same 3/2/2, but that one is 6 years newer, 260 sq ft larger. Both homes have a pool. I'm estimating the ARV on this one would be about $180k.

Should I offer the $130k? Is this a good deal to buy and hold or flip?

Thanks,

Kesia

Hi, we are about to purchase our first deal and want do get an LLC. Wondering if I should use Legalzoom? If not, anyone recommend a good real estate attorney in Houston?Thanks!

Hi, I'm a newbie investor and we are thinking of getting our first buy/hold property. The house is selling for $118k and the comps are renting at $1500-1800 month. The house needs minimal work about $3-5k. 

We are thinking of doing a conventional loan and just renting it. We shouldn't get a hard money lender for this deal right?