All Forum Posts by: Jojo Joy

@Robert Ferrell, I would suggest you check out Peter Harris's channel on youtube. Search for "Commercial Property Advisors". If you like him, sign up for his course (Free) at Udemy.com

You will gain a lot of insight into how to approach commercial property investing.

All the best!

Have you considered buying this property with 1st lien HELOC, paying all your income towards paying off the HELOC and using line of credit for your expenses? This way you are building equity at accelerated rates and thus net effective cash flow is much higher.

Basic, setup a profile picture :) That would the first layer trust/transparency with anybody who might work with you.

@Kent Harris Try contacting "Patten Law Firm, Texas American Title". They should be able to either help you or point you to the right direction. 

DISCLAIMER: I have not used them personally. But, have heard good reviews about them.

@Angdronell Durant: I have used Listsource, but haven't yet bought a list from them. I am planning to and spoken to their customer care about the pricing plans. Listsource is the more popular of the two. You can use all the filters you want to see how many hits you might get, and only pay when you are ready to download them. If you are really concerned about the interface being friendly or not, just check out the tonnes of Youtube videos, that even shows you different strategies of buying the best lists. This way you get to learn the interface too.

@Brian Foster: I am completely with you on all your points. Except that, being cautious and saying nay are completely different things; in fact I myself am actively investing in Houston. My philosophy is to invest in both the upside and downside. But, didn't want a newbie to look at those numbers and throw all his money in.

Hi @Stephen,

Please PM me the information. I am a RE investor in Houston, looking to expand my portfolio. 

Thanks,

Jo.

Here is another one to add to Roshan's suggestion www.AgentPro247.com (use Partner ID: CFGRSH for a discount). 

Disclaimer: I don't work for them, nor am I associated :)

I see over-confidence in the market, not just in real estate, but also in the stock market world. 

That is one of the signs that the market is getting ripe for a pull back.

I'd be cautious. 

Don't pass, that seems like a very good deal. If you are planning to rent it out, make sure you change out the roof because you don't want to get hit with a capex claim. Do those kind of things upfront. 

I would suggest you buy with a private money lender in your area, get the fix done, get it rented and get a refinance with a bank. Don't let go of this deal, if such are not hard to come by in your area.

All the best!