All Forum Posts by: Ody Orad

Hi Everyone!

I am looking to buy my first property in Houston in a few months and was looking to get some experienced insights of the real estate market over there. I have only visited there once so I dont have enough visual experience or knowledge on the market there. I am really looking for an area that has a high property appreciation potential and high rental yield potential. This is my first buy so I dont want to make any single mistakes lol. I have been able to research a couple areas and so far I am really liking what I see in: 

Katy, Cypress, and maybe Missouri City. My agent also recommended Rosenberg but I can't enough data online to really analyze the area. 

I am open to thoughts, ideas and as many recommendations as possible. 

Thank you!

Thank you Kai!

Got it! Thank you Eliott! 

Thank you Jared!! I appreciate the detailed response.

Option 1 is a little too late haha, I had initially applied for a new credit card because I was advised that it could improve my credit score by lowering my utilization. The thought of buying new home is something that had decided on late this month, so sucks to know I could have waited till the whole process was over. 

I will reach out to lenders to see how I still qualify. 

 Thank you for you response Mike! I will do that.

Quick question as a first time home buyer,  I currently applied for a new credit card and I am looking to buy a house very soon (within the next 3 months). Before this new CC, I had a credit score over 700, will this new CC affect my mortgage application process? Even though I have not made any purchases on the card yet.

If yes, what suggestions would you give to increase my chances of still qualifying for a mortgage loan?  Any insights will be helpful!