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All Forum Posts by: Phil Avery

Phil Avery has started 14 posts and replied 73 times.

Post: Monthly Real Estate Investor Meetup

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42

Looking forward to meeting everyone and sharing insights!  

Post: Interested in Partnerships.

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42
Quote from @Min Zhang:

Hey Beethoven!  I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Here is a summary of the book.

https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greene

The book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager.

I invest locally in Columbus and Cleveland. I can send you a list of contacts in Ohio to help you build your team, property manager. Let me know how I can help!


 Hey Ming, Thanks for chiming in. That is a great book indeed. I read it about a year ago. I have been looking into the Ohio market for a while now (Cleveland and Akron). I live in Houston, TX. I'd appreciate any property mgmt recommendations you may have. Getting things ready to make a move here soon. 

Post: New Member looking to purchase in Houston TX

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42
Quote from @Chris Kersey:

@Phil Avery great idea looking into the developer world. When we can't find deals, we make them. Feel free to reach out to connect or jump on a call. I'm happy to answer any questions. 

- Chris Kersey 


 Absolutely, So true! I will gladly take you up on that kind offer lol. Highly appreciate you being willing to share the knowledge. I'll consolidate my questions and reach out soon! 

Post: New Member looking to purchase in Houston TX

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42
Quote from @Chris Kersey:

Hi Angel, 

Most of the small multi family in centrally located in Houston. Looks like you would prefer something in South to Southwest Houston. 

Check zip codes 77021 and 77051 (Sunnyside area). This area does great with STR and MTR's because of its location close to the city and Med center. 6812 Winton St, 77021 may be a good fit for a light value add.

I'm a realtor, investor and developer in central Houston ( I build small multi family). Feel free to reach out with any specific questions. 

- Chris Kersey 


 Great info Chris. I'm looking into the whole developer game myself and trying to learn as much as possible about it. Any tips for breaking into that field? I'm a Realtor and Investor as well! 

Post: Brand new, looking to learn

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42
Quote from @Wes Foster:

Yes sir! I've already picked up a couple and knocked them down. Managing Rental Properties by Heather and Brandon as well as Rental Property Investing by Brandon Turner. Which of his books did you enjoy the most? 


 Thats awesome! I think the 2 I enjoyed most from him are: "How to Invest in Real Estate" and "The Book on Rental Property Investing". Just finished Pillars by Mr David Greene as well. 

Great foundational advice on REI for sure. Any other books you highly recommend?

Post: Brand new, looking to learn

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42

Welcome to BP! I'd definitely recommend any books by Brandon Turner (Former host of BP) They did wonders for me. 

Post: Space City REI Meetup - May 22nd

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42

I plan on attending. Looking forward to it. 

Post: Monthly Real Estate Investor Meetup

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42

Had a great time with great people last week. Looking forward to the next meet on May 29th! 

Post: Move Up and Lease Program • 5 houses in 5 years!

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42
Quote from @Mayra Alvan:

I currently own a house. I would like to start investing in more properties. I’m also interested in the 
Move Up and Lease Program 5 houses in 5 years! Should I sell my home in order to have the funds to buy my first investment property? Any suggestions would be appreciated!

Hey Mayra, Great question. I love the idea of you purchasing 5 houses in 5 years! I think we'd have to know much more about your current situation and future goals as well as more info on the property you currently own. I guess the first question that comes to mind without knowing too much about your situation is: Do you have a significant amount of equity built up in your current home? I would maybe look into pulling some of the equity out via a HELOC to finance the purchase of your next property as opposed to selling. 

If you are set on selling, sounds like you can also do a 1031 exchange to defer capital gains tax on the sell which would strengthen your buying power as well. Would love to know more about your plans and goals!  Feel free to reach out anytime! 

Post: Introduction to BP community.

Phil Avery
Posted
  • Investor
  • Houston, TX
  • Posts 74
  • Votes 42

Congrats! Keep us posted on the progress! I'm looking at closing my 1st deal very soon as well!