All Forum Posts by: Trevor S.

You aren't getting any replys because the numbers aren't even close to making sense for a buy and hold investor. According to the 50% rule investors should expect $1050 in monthly expenses including repairs, property management, and expected vacancy. That leaves $1050 to cover PITI. PITI on this house is $1764/mth (assuming 30 yr fixed 4.022% APR 2.9% property tax $828 anual insurance) meaning investors would expect negative cash flow of $714 per month. This is nowhere close to an attractive proposition from an investors standpoint. What made you select this property in the first place to attempt to wholesale?

I am also from Houston and (relatively) new to REI. You will find tons of good information available on this site. Though I can't help you much from a mentor stand point I would be happy to meet up for a beer and talk REI with you as I am in a similar position to you. I work full time am in my early twenties and trying to transition into real estate on a part time basis as well. I am also currently working on getting licensed. I will PM you my contact info. Best of luck.