All Forum Posts by: Saud Alduweesh

@Saud Alduweesh

If you choose to go all cash make sure you have good insurance protection. Also stay under $200k for rental. Suburbs have cheaper prices than inside the loop but the school taxes/HOA can eat up alot of the cash flow. Buying new is not always a great idea because the cash flow can be whipped out once tax office reassess your property so be careful of that when you are evaluating a property. And look at Flood Map.

If you wanted new so you dont have to have CapX for a couple of years then look at properties going up on 290 (Cypress/Hockley/Waller) or 288 south. Both are booming and new subdivisions are popping up. Make sure to have a great investor mindset realtor. 

Best of Luck

From what i can understand @Saud Alduweesh need a consistent return on any Real Estate Investment preferably 8-12% ROI with hassle free. He also want all the financial and tax advantages that comes with owning a real estate property.

That is why his asking for recommendation on reliable builders, suitable locations, and property type. It also seems like he will not manage the property himself. Maybe he has a family member or long time business partner to manage it. 

@Saud Alduweesh I will strongly suggest you write a business plan that will clearly define your long and short term goals. Goals like your preferred ROI, What you can do and can not do, Risk Tolerance etc. You can do this with the help of an Experience Real Estate Investor/Adviser. There are so many ways to invest in Real Estate without any hassle, you just have to narrow down your niche and still to what you are comfortable doing

@Adriel Hsu has a valid point but without completely understanding his goals and fear/challenges, the advise may not be the best for him.

Goodluck  

@Saud Alduweesh If you are out of country, you might be better off investing that $200,000 in several multifamily syndications in the Houston area. 

It will be completely passive for you and your returns would be decent still. 8% preferred with 14-18% IRR after sale or refinance.

Even if you bought a single family with property manager, you still have to manage the manager.

If you are planning on investing in Houston, stick to the inner loop.  Also make sure you review the flood maps.  I would strongly suggest avoiding areas/properties that have flooded before due to hidden mold issues and the cost of flood insurance.

Why buy with cash? The opportunity cost will be very high and the cash on cash return very low. Is it to ensure that cash flow is positive? If yes, then might as well put the money in REITs which will provide diversification, liquidity, and a steady cash flow of 5-6% with zero effort.

If you have 200k cash to invest invest in a bigger property or several sfh deals. No need to drop it all on one house unless you are brrrr ing something