All Forum Posts by: Ryan Johnson

New duplexes will work for a pure buy and hold strategy but likely not brrrr. 

I’m my own pool guy but I have salt water which is fairly easy. I pay maybe $125 every 3 months for chemicals. Average pool service is usually 110-140/month. That usually includes weekly cleaning, all chemicals ext. 

For rentals the pool will need maintenance. Chemicals, cleaning,  salt if salt water and def more cap ex risks. I have two led lights out on my personal pool that’s going to cost $750 to change since I’m not about mixing electrical wires and water lol. 

Just depends on your situation and what the rents fetch for that type of property. 

If all it needs is 20k and you can sell for 300 as stated  then seems like could be a good flip. Or will it need the 20k plus another 20k updates to get top market pricing? 

All just depends. Regardless if your in Houston or pretty much anywhere a bad foundation is going to negatively impact the value when you are ready to cash out in whatever exit strategy you decide on. 

If your going to resell that quick then yes the bad foundation is going to devalue the property. 

Will this be a flip or rental? 

Thanks for sharing!

I like REIaction and Houston real deal. Download the meetup app and search for them.

The few I’ve bought recently the whole saler has their own assignment contract, some paper some DocuSign. 

Man you killed it. Congrats and thanks for sharing.