All Forum Posts by: Tim Shin

Hey @Diana Chau

There's a great meetup that I attend every month.  They meet at pubfiction downtown and will be meeting next week.  Super great time to network with likeminded people.  Below you can see the agenda I copy and pasted:

6:30 – 7:00 pm: Networking and Deal Making with your fellow investors (both new and active)

7:00 – 8:00 pm: Main discussion: Houston Real Estate Market Report

8:00 – 9:00 pm: More networking and Deal Making

____________________________________________

When: Thursday, February 25

Time: 6:30pm - 9:00pm

Where: Pub Fiction (We will be in the room on the left)

Dress: The dress is always casual

Investment: There will be no charge for this meeting.

 Congrats!  I like the Bear Creek area.  We still have not found a rental in Houston that works for us.  When we run our numbers, we keep finding that the property taxes and insurance costs suck up all of our cash flow.  We have been buying outside of Texas.

Trying to get my feet wet with flipping.

Thanks @Tim Shin! I found the property on the MLS. My realtor, @Sharon Tzib, who by the way is absolutely amazing, setup an alert for me based on my criteria, so anytime there was a match, I would receive an email alert immediately.  So yes you can get deals on the MLS, but it just depends on each individual and what they consider 'good' for themselves.  Good luck!

Hi Everyone,

First of all it’s a great thread for discussion and good to see folks form Energy industry. As I am working my way back into RE world below are my core beliefs based on my previous investments and observations.

1. Risk adjusted return: Return should be based on the discount buyers get as we buy it and appreciation should be icing on the cake. Low end area should have very high margin and high end should have low margin etc
2. Size matters for maintenance: Scalability of the portfolio matters. Having 1-3 properties is more is pain the neck for folks who have other full time commitments. And having approximately 5+ investments could allow for investors to have professional service and/or to have a standard work process to support full time jobs other than real estate
3. Clear Strategy: We all should have a clear idea about the minimum “size of the pie” during exist. (i.e. After 10 years of investing starting from 2016 I should have XXX equity in my portfolio)
4. Deal making: Flexibility during deal making would be key to growth (Operated vs Non Operated Venture)

I am heavily debating (may be proposing) whether we all should start a holding company to run/maintain our individual homes. More fund, more units, standard maintenance and all those. Happy to discuss more if anyone interested.