All Forum Posts by: Rameez Balagamwala

Avoid HostGator - since it was sold last year, I've had multiple clients being pressured into buying baseless "security upgrades" for bogus reasons, or they suspend the hosting. 

I bought the current townhouse with an owner-occupied mortgage, and have continuously lived in it for 12+ months. 

I have now made a deal with a neighbor in the same complex, buying that unit as a residential property again, and move into it. 

This is obviously so that I can make use of the 5%-down, while I rent out the current unit. The plan was the repeat this every 12 months - however, the lender's underwriter has now asked this:

"What is the obligator's motivation to move into another unit in the same complex?"

I was under the impression that once 12 months are over, it is fair game to get another property as residential. How should I answer this?

-Rameez

I think Kashmere Gardens is shifting towards more Hispanic - according to this - but yes, I realize now, it is majority African-American. 

I never realized all-bills paid properties targeted the undocumented demographic. Makes sense!

Thanks for the sources - I am going to check them out. 

Do you have a source to get rental-evictions data for Harris/Fort Bend counties? 

Also, how would you rate Sharpstown? 

Thanks Michael! Perhaps I will approach this adventure at a later stage. 

On the same thought, am I right in assuming that the typical tenant in this area may not have bank accounts, no SSN.. the landlord signs up for the utilities? I have heard this demographic is a reliable tenant. Thought? 

How does one get data of the demographics of the area?

I am fairly new in the game. 

Investing in a low-income high-crime neighborhood is out of my comfort zone, but being in the biggerpockets community, i gather the impression that a lot of good deals exist in C neighborhoods.

That said, specifically, what do you guys think of the Cashmere Gardens area? 

Mostly small houses built around 1945, block and beam foundation. 

Surveying the area, my impression was that it was cleaner and more well-maintained than I expected.The signs for rental vacancies posted around the area emphasized on "no credit needed". I generally had a positive feeling in the area. 

Thanks!

@Tammi Sims What was the app to manage the property remotely? What kind of services does it include?