All Forum Posts by: Lauren Brown

@Tyron McDaniel Since 2000 where have you and where have you seen other investors primarily investing in buy and hold in the Houston market? I understand since 2000 that market has changed all over Houston, but what pockets of the city do you see is best for buy and holds? My plan is for the West and Northwest since I'm not from Houston and most familiar with these areas. 

@Tyron McDaniel Great point about the Houston market. I can speak on behalf of the newer investors who want to buy and hold but hear from experienced investors to wholesale deals first. I'm not sure if other newer investors have picked up on this, but when I network at some of the events I hear more experienced investors advising newbies to wholesale first to get in the REI business. I assume this is why there's a significant increase in wholesalers in our market. My investing plan is strictly buy and hold and I would consider flipping a deal, but for the right property and payout.

Thank you @Omer Husain for the reference.

Hello BP Community,

I am looking to network with a realtor who knows the Northwest, West and Katy areas of Houston and also invests in these areas as well. Does anyone have any good recommendations or anyone on BP a realtor/investor in these areas? 

@Mario Tavares Great points thank you for your advice. I didn't not move forward on this deal as there were too many unknowns and a higher risk deal. I would like to learn more around the PM viewpoints you have and your knowledge on the Houston market. Please send me a private message when you have a moment. 

@Naeem KapasiThank you for your advice. I have confirmed with the wholesaler and owner that he is only paying 1 electricity bill for the 2 efficiency units and 2 water bills, one for the triplex and one for the efficiency units. This confirms the meters are already separated on the property and the owner isn't paying all utilities, which is better news. 

@Robert G. Great point. I would assume these properties don't have separate meters, but I will keep your points in mind when analyzing other small MF properties. Thank you again!

@Robert G.Thank for your opinion, it is highly valued and makes complete sense. I was hung up on the class issue as well but your points really make sense. The utilities were provided by the wholesaler and could be very inaccurate. How do you usually estimate this costs during your preliminary due diligence process, before you put the property under contract and do full due diligence.  

@Bil CasimirI haven't reached out to lenders or private partners on this deal. I'm just observing the numbers and the properties at this point. I'm not sure if lenders lend on multiply properties being sold in a package deal so I'm not sure on which lenders to approach just yet.