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All Forum Posts by: Ryan More

Ryan More has started 2 posts and replied 43 times.

Post: Hello from Houston

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Welcome @Norberto Ballesteros 

Lots of Houston area investors on here!

Post: How to find Investors in Houston

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hey @Jason Ostermayer !

Get out to a lot of the local networking events.  We have a lot of them in the area.  You'll start to see a lot of the same faces and learn who the buyers are.  @Eric Tait has a very common model for the landlords in the area.  Some are getting very hungry for deals so that is driving prices up a bit.  The gurus are back in a big way so it seems every week sees a new crop of new seminar graduates out looking for deals.  Some are really bidding up prices and will say anything to the seller to get the deal.  DON'T be one of those guys, especially if you are dealing with pre foreclosures.  I spoke to a woman yesterday that I talked to a week and a half ago.  She went with a guy that I knew was offering too much and would not be able to perform at that price or in the time we had left before the auction.  I would have been able to close in time with no problem and she would have walked away with about $10,000 in her pocket.  Instead she listened to a new investor that was out of his league and was not able to do anything with her property in the time period he had.  She called me to see if there was something we could do.  Unfortunately the other "investor" basically said oops and the house went to auction last week.  She lost it and now gets nothing.

I know that was slightly off topic but I just had to get that story out because I am running into it a lot lately.  We are dealing with very delicate situations in many cases so run your business with integrity and know your numbers.  If you do those things you will get all the buyers you need.  

Post: Real Estate Investing Team Considerations

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hi @Karen A. !

Welcome to the forum.

@Sam Craven is spot on.  Get the deal flow going and hang out at the local real estate investor events.  There are a ton of them and you will start seeing the same faces over and over again.  Introduce yourself and ask questions.  You will eventually get referrals for the services you need.  Just watch out for guru wannabes, they are out heavy in our area right now.  In other words, don't pay anyone to ask them questions!

Post: Newbie in Real Estate Wholesaling in Houston

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hi @Account Closed !

Welcome to the forum!

Have you done any type of training so far?  I'll be a buyer if you come across a good deal!

Post: Hello from Texas

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hi @Joshua Marriott !

Welcome to the forum.  I did a property down in Lake Jackson recently and did quite well on it.  Hope things are well down your way!

Post: Flipping Houses under 200K ARV

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hi @Account Closed !

That price point has been the bread and butter of my business as well as many other investors in the area. If you buy it right then the margins are still fine for the risk profile. I've found my best margins in the $150K-$200K ARV range. The rehabs are easier and can be more uniform. You'll find that you can use the same finishes in every single one with small variations. Once you get into a higher price point you will have to do more custom finishes that will cost a lot more.

One other thing to consider is the cost of your funds.  If you are borrowing hard money or private money then the higher priced deals start to eat you up in holding costs.  That big margin starts to go away real quick with the increased holding costs.

Post: Good Handyman/Plumber in NE Houston Area

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Very good ideas @Gerald Harris !

Post: Hi, new investor here

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hi @Joe Kim , welcome to the forum!  Glad to see more North Houston folks in here.

Post: beginning investor looking for guidance to get started

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

Hi @Brandon Destouet !

Welcome to the forums and to the real estate investing community!  Feel free to drop me a line anytime I'd be happy to answer any questions you have.  

Take care!

Post: So my first local REIA meeting.......mixed feelings.

Ryan MorePosted
  • Real Estate Investor
  • The Woodlands, TX
  • Posts 46
  • Votes 15

@Eric T. 

I think I know the group you are talking about.  I went to a few of their meetings only to find they were very thinly disguised pitch fests.  A great group is Eddie Gant's get together at the Texans Grille.  It is usually the 3rd Wednesday of the month and is a lot of teaching.  He sponsors the event through Jet Lending but they are genuine.  Always a ton of people there with free food and beer.  There's nothing to join and no one offering mentoring etc. 

We also have a small group here in The Woodlands that meets on a Monday each month.  Not many of us but pure networking and brain storming, no one is there to sell anything.