All Forum Posts by: Ricardo Murph II

@Kelly Bellini did Bank of Internet require any maturing or length of property ownership for the refi?  Btw Bank of Internet sounds like a fake bank. Never heard of them so I had to check them out to see they are legit. lol 

Great story!  I like that you were patient and waited for the right property. That is the phase I am in.  How many properties did you visit before settling on this one?  

@Kenneth Williams Sent

Thank you @Skylar Sparrow and @Gane Sugali. Email sent. I have some investors looking at it tomorrow morning.  Let me know your questions or if you would like to see it. 

Cash buyers/End buyers ONLY
*******no daisy chains*******

Equitable Interest for Sale in –
6808 Winton St Houston, TX 77021
Perfect addition to your rental portfolio

AS-IS Cash Price - $168,000
Estimated ARV- $215,000
Repairs $5-10K
Rent: ~$1000 with future increases as area changes
Tenant Pays Utilities
$3000 Nonrefundable deposit locks in this deal. Buyer pays all closing cost.
Must close in Jan 2018
**Buyers do your own due diligence**

Property Details:
Built in 2007
****Duplex***
4 bedroom/ 2.5 bathroom Each side
1428 sq ft each side (2856 sq ft total)
Currently fully occupied – One side has a long-term tenant
Property management in place from the current owner

Location:
Buyer receives rental deposits and prorated rent for January
9 Minutes (2.7 miles) to medical center, 6 Minutes (1.9 miles) University of Houston 4 minutes (.9 miles) from HEB Grocery and minutes from areas with a lot of new investment
DID NOT FLOOD.

Suggested Repairs:
$5,000 - $10,000 (depending on preferences)
New Paint on was walls
Carpet and paint bathroom cabinets in one unit
Exterior pressure washing

TAXES: $2,526.35

Reply with email or PM me for more pictures. 

I just came across this website.  Have you purchased from it before?  

You all are awesome! I appreciate all the insight. So... no epoxy grout, got it.  I will look into this greige. That is funny word to me. 

Thanks for the reply @Alex J. I was thinking tan color tiles. So light brown grout? 

I am remodeling two small bathrooms in a small house for a rental in A class neighborhood. Houston suburb good schools. I can get 1350-1500 rent for my 1100sqft 2/2/2. I have read some people say you should put dark grout on tile for rentals. I need lighter tile in my small bathroom so it looks bigger. I am not wild about the contrast of dark to light. In one forum a guy said he uses epoxy grout. I didn't see much else. I read online that it is stain resistant and no sealing required. It cost 3-5 times as much regular grout. What is y'all experience with epoxy grout?

@Sonya B.No problem. Good luck, If you find any good resources please share.  I am sending out my first batch of marketing soon.