All Forum Posts by: Tia Wilson

Hello everyone 

I bought a duplex last year near UH. The previous owners paid all utilities since everything is on one meter. I was able to keep that going but its now cutting into my cash flow. I thought about raising rents but I'd have to increase over $100. And in my neighborhood im almost tapped out at market rent already. What id like to use is RUBS but cannot find how to implement it. Do I formulate the cost myself or you have to hire a company? If so anyone have recommendations? I've searched everywhere for info and can't seem to find a simple answer. Thanks yall!

Hi Kenneth

Welcome to BP. I joined BP a little over 2 yrs ago and closed my first deal last year. The BP community was instrumental during the whole process. Now I'm on the verge of closing my 2nd deal. I've made so many connections here and im sure you'll do the same. I attend a couple of meetup groups in Houston so let's connect and I can send you info for them. Good luck to you. 

Hi Stephen,

I'm going to the tax sale next week as well. First time! I've done quite a bit of research on the process and homes and hope to snag one. Let me know if you'd like to network while there. Good Luck to you!

I'm currently looking for the same. I heard PEN Fed was a good option. But following for other suggestions. 

Hey BP, 

Has anyone in TX had experience with VA Construction loans within the last yr or so?

I found a great lot behind where I currently live and as luck would have it we need bigger space (new addition to the family) so I qualify to use my VA Loan again. However im not with this MLS and would like to build a duplex on the lot. However, I cant find any lenders so far.

Thanks Wale, 

That what my thinking was as well. Come up with creative ways to make offer stand out. Thanks so much. 

@Dylan Eldred True. I think ill shift my main focus to off market but ill still keep my eye out on MLS. See you at the next meetup!! The last 2 were awesome.

@Gabe G. Thanks thats good advice.

Hello everybody. I know yall busy so I'll be brief. Houston RE has slowed down slightly but its still HOT. I'm a BRRRR newbie looking for my 2nd property but im having a hard time getting my offers accepted due to low offers. Fixer uppers are listed for dang near market value and they won't accept a penny less. Im shook bc folks are buying them! Most HML are only lending 70-75%ARV so im factoring that and the extensive rehab cost when making my offers. Ex. PP-$129K, ARV $160K and repairs needed is $30-$40K. HML will give me $112-$120K for purchase and rehab. I had to give a low ball offer. Since my budget is limited my fixer uppers need some serious work. I understand I have to be patient but wanted to make sure im not making a bad name for myself with these low ball offers.

How are the VETS navigating this post COVID RE Market? Thanks yall.

Hi Andrew, 

yes you're correct its my primary. I live on one side and rent on the other. I first spoke with Pen Fed and then Frost bank. Frost bank doesn't do HELOCs for multi family and Pen Fed disqualified me due to CLTV which I think I understand now. Still trying to understand texas law.