All Forum Posts by: Regdric Malveaux

Hey BP family,

I know a person who currently have to sell their home due to not being able to afford the mortgage anymore. I wanted to approach them with using a subject to strategy. Their home has been on the market for over 200 days so the listing should expire soon.

I live in the area, and the appraisal district is skyrocketing the property taxes. I’m thinking it creates a higher risk to pursue this property due to similar homes not selling in the area. My assumption is they aren’t selling due to the increase of taxes over the last 5 years.

How would you guys and gals approach this?

Hey BP folks,

I recently found a home that’s vacant due the owner passing away. The home is likely paid off, due to it being built in 1976. After looking at county records for the property, ownership has not been transferred, so I assume there was no family to transfer the home to. After looking at the notices on the home, the property is being preserved by a property preservation company.

What may be the best way to go about making an offer for this home?

@Rolando Paz are the rental rates you're assuming the current rental rates or market rent?

What date?

Rolando, I’m a beginner investor as well. But from what I’ve read and understood. The initial analysis of any rental/multifamily is one of the most important things. Perhaps if you post your analysis and area it’s in, some of the experts around Houston can comment and newbies like you and I can learn from their comments! Congrats on taking initiative! Most people don’t even get that far

Great info here Jim. Much thanks!

Originally posted by @Mykia Long:

Originally posted by @Regdric Malveaux:

Thank you @Curtis Rouse Jr! I'm starting to analyze deals just so I can get used to it, and will start searching for my first multi-family unit soon enough.

All the best!  Let me know if you want to talk through analyses at some point!

 Most definitely! I work in the Greenspoint area which is North Houston. So if your're ever around, give me a shout!

Thank you @Curtis Rouse Jr! I'm starting to analyze deals just so I can get used to it, and will start searching for my first multi-family unit soon enough.

@Amber Koontz That's great info right there! I'm going to buy al of those books. I've heard about Multi-family millions, just haven't gotten my hands on it just yet.

@Tamiel Kenney Thank you for that meet up rec. I'll definitely register for it!

@Alina Trigub Thank you for the awesome info! Going to register for all of the meetups now!

@Account Closed I'll definitely be willing to get together some time man.