Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Kris Seelbach

Kris Seelbach has started 1 posts and replied 9 times.

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
What is the financial incentive for the seller to use a wholesaler instead of a realtor on the MLS?

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
Has anyone had any success in Houston for investment properties using the MLS har.com website? Or, is it just very difficult and rare using this route right now?

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
Charles Fletcher I am trying to figure out how to send you private message. It says ur contact details are hidden when I click your name. Some time in the new year I would like to meet up with you for lunch to hear about the progress on your property. I would also like a referral to the investment property contractor you know as well. When the time comes that I buy.

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
Charles Fletcher you sound like someone I need to network with here in houston. I am interested in meeting up with u for coffee and seeing ur property and discussing to learn from you. Let me know. I found a property that has a roof near the end of its life and some other rehab that needs to be done but it wasn't major foundation problems or anything. Your post is making me reconsider shying away completely from a property that needs some work to be made tenant ready.

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
Mark Nolan Tristan S. The book Mark referred me to actually recommends as a "rule of thumb" to add 50% of the rental income for all other expenses (includes everything). Now, it seems these deals are much more likely to be on a case by case basis. A question I would like to ask is this, are we at a peak crazy valuation price in houston, tx right now?

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
Mark Nolan thanks for the advice, I downloaded the book and will read it over the next few hours today. Thanks

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3

@Tristan S. Thanks for the reply. Criteria for sales price is <120K, rent potential price when I am running the recently leased report in the same subdivisions as any properties that match that are usually leasing for ~$1300. Maintenance - 10% Vacancy - 10% Management - 10%. I am trying to find properties that cash flow using those estimates. Which is very difficult because I am adding +30% on top of the mortgage note + taxes/insurance.

Post: What Would You Tell Your Beginner Investor Self to do First

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3
Nick, I am also in the same exact boat as you. Same mentality, same position at the starting line. One specific question I have for more seasoned investors is this: 1. Do these projections in general work to calculate the numbers on a property? (Excluding insurance and taxes) +10% property management +10% management costs +10% capital expenditures So that in general, I need to add an additional 30% to the note + insurance + taxes in order to be very safe in a cash flow cushion... Is this too conservative, 30% extra on top sounds like a lot. (And, yes, I know of the bigger pockets calculator, so please don't reply with a link to this. I plan to use it. But, when I am meeting with my realtor, I want to be able to do a quick numbers analysis to see if it's worth going to see the property or not. )

Post: New to real estate - Houston, TX

Kris SeelbachPosted
  • Houston, TX
  • Posts 9
  • Votes 3

Hi everyone, I am new to BiggerPockets forum, this is my first post. I am an Internal Medicine physician here in Houston, TX. I am going to start investing in real estate here and wanted to see if anyone has any realtor, property management, and CPA referrals.

I am currently viewing properties (single family homes) in the Katy, Tomball, and Cypress area because my current realtor who has 30 years experience in Houston has steered me in this direction. I initially was interested in multi-family units near Medical center or Heights area. IF anyone has an opinion or is in this now and has any advice for me, please help or reply with your experience/thoughts. 

Thanks and look forward to learning from you all.