All Forum Posts by: Account Closed

Well, I worked at New Western before. I think the company as a whole is on the right track to help clients to make a good return on their money. Every deal they send out to clients has all the numbers on the Packet Analysis and they specify each deal whether it's good for a rental or flip. My experience with investors that didn't make any money because they didn't listen to my advice on the rehab. They went over their budget on material that the house didn't need. they purchased high end material for their 150k ARV home when they didn't need to.

@Andres Jaramillo 

Hey Andres, you are right about Exxon is opening up more opportunities for jobs.  I think the Spring area or 45 North in general is going to create more jobs because of the commercial development that is going on there.   You are also right about the dropping oil prices will create more inventory in 2015.  I think the inventory will start to increase in the beginning of 2015 and slowly increase to 6 month inventory.  However, i think Houston in general will become a buyer's market starting 2015.  Currently the Real Estate market in Houston is at its peak.  And there is no sign of more big companies moving to Houston,Texas besides Exxon that's currently building their headquarter in the north side of town.  There are a lot of new apartment being built right now tailored specifically for their employees.  The new apartment will slow down  a lot of new single family home development in the area where Exxon building is currently being built.  I think the 20-30 year old employees will be living in the apartment.  As far as those who are married, they probably prefer to stay where they are because they have already established their roots in a community such as being part of a church or being accustom to their surroundings.  

Still, Investors should buy investment properties in areas that they know for sure are going to sell once they are rehabbed.  Those areas should  be in the up and coming areas for  young married couples with small children.  But, investors should do a thorough research of the statistics of the amount of people getting married each year, so they don't buy more properties for rehabbed than what the market demands.  One way to determine the right amount of supply and where young marry couples like to buy their homes, investors should consult with a University to conduct a research.  It will cost some money, but if you are  a big time investor, 5k towards a graduate scholarship will get someone in the graduate research department to do the job for you.  They will provide all the stats and information you'd need to make you better equipt than your investing competitors.

Note, if you are going to offer a scholarship, you should offer it to a University in the Houston area, not in Waco or Austin when they don't know jack about the Houston market.  It will be much easier for you to meet your researcher if you are from Houston.

 I'm not sure.  The information i've got was from HAR.  They could be wrong.  

@Tuan Le 

Hi Tuan. Nice seeing you on here again.  I didn't hear that part when he said why the inventory will increase.  I'll ask him again when i see him again.

I recently came back from a class provided by HAR.  The instructor of the class said the Houston market will experience an increase of inventory in 2015.  Currently the average inventory stays between 2.5-2.9 months.  In 2015, the inventory will increase to between 5.1-5.9 months. When the months of inventory reach up to 6 month long, the market will change from a seller's market to a buyer's market according to the instructor from HAR.  Any inputs from BPers?

@Cass R. Smith 

Thank you so much.

@Cass R. Smith 

Hi Cass.  After you put the signs up, do you keep them there as long as you can or you take them down after awhile?

@Senay Baraki

Yes i do need a place.  Let me know where to go get them.   Thanks.

@Senay Baraki 

Any advice on where to post bandit signs?  Corner of a busy intersection, someone's front yard, a electrical pole, or etc..?

@Senay Baraki 

Thanks Senay.