All Forum Posts by: Shahriar Khan

@Gregory Schwartz @Wale Lawal those are good starting points .. Let me add a bit from investor perspective or at least how we define investor friendly agent for our team. This is mostly to separate out "I have seen someone doing it " vs " i have done it and understand the upside/downside " of it .  

1. 1) 30% weight -- past 36 months of listing and/or sold (it cut through market cycle ) 
2. 2) 30% weight -- Agent must be actively participating  (with their own fund) 2-5 flips a year (it show the understanding of the cost/hold/financing/rehab etc) 
3. 3) 30% weight - Agent must be owning 5 rentals by themselves  (it shows understanding of experience )
4. 4) 10% weight - Agents long terms goal + personality ... to hang out with investors, one must have an investor mindset as well as we need to be able to hang out together after a rough day . (this is to eliminate narcissist ones LOL ) 

@Shelby LeBlanc reach out to trinity foundation of houston ( google them) , they are well known within investor community and price is very competitive as well as very responsive. I have used them bunch of time. DM me if you needed anything else . Best of luck 

(For Houston Market ) Yes, yes and yes. 

Purely from data perspective, Houston realtors (investor friendly per say)  tend to bring properties to investors that are being marketed by wholeseller. 

@Ola Dantis i would not call any investor lazy :) rather they have a different valuation assumptions and expected outcome vs some of us. At the end its risk adjusted return ..

@Cortney Arenstein at the end it will probably down your/our buying style vs sellers style. I personally avoid all wholesellers who requires you to the showing etc to even make offer. I like to be on emails with prices on. If i like it then make offer and if i dont like it "delete".  

Case in Point 1: Day before yesterday, I found a listing on Facebook and made an offer on messenger , we texted back and forth and gap between offer vs asking was close. He went to the property and i did facetime and went under contract same day within 4 hrs and will be closing soon. Didnt even have to get up from my chair. 

Case in Point 2: I love it when New Western will send me offer "as buyers" for some of our properties listed on MLS. I guess they do NDA for a reason ..

@Adam Nafaa attached image is what i understand. Hope this helps. Having said that , its TOUGH  for a someone new to go through new build solo unless you tag along with someone like @Lee Hampton

@Cortney Arenstein they are a very large wholeseller and target first time investors in most cases ( they may argue) ... and some people find them good to deal with and others dont. For investors who are buying continuously , they are expensive.  I used to be on their list then removed myself mainly because price being too high for me and their business model (double close, sign NDA, meet them and all those crazy thing) . 

For wholesell market , i assume 100% of data is wrong and do my own analysis to see if i like it and 100% careless of what they ask and what they say . Suggest you make offer the way you think is right for you and find a balance between very large wholesellers vs new wholesellers . 

Best wishes. 

@Adam Nafaa great that your thinking that way. Building always sounds 'cool' until you start going through it . In addition to what @Lee Hampton mentioned , for new dev perspective key is the road frontage /plat 

If you dont replat (subdivide the lot into smaller lots) , if you can build minimum 2 units and for 2+ units , lot must have 60 ft of frontage for all side that has road access.

If you replat, then depending on dimension you can get more. Replat if expensive and takes time. 

Replat vs keeping the existing lot together will depend on your 'exit strategy', which makes this a circular loop :) 

Keep us posted. 

@Cary O. good point. To add, within a given city , total tax will be diff by zip code. If you pull data from MLS and put side my side CAD appraisal price and sales amount , you will see the delta.

I stay away anywhere they have a MUD district tax. For houses built after 2010 ish in a master planned community, they eat lunch+ dinner and breakfast for next day . (example: tax in Pearland/Shadow creek in Brazoria County vs Outside Shadowcreek within Brazoria County) 

On the flip side, at the end of the day, if after all tax+ all other stuff when the house cash flows then why not buying it :) 

@Roger Covin great initiative.. On that note, i would strongly recommend for you to read/re-read/-re-read again the last paragraph of @Ola Dantis 's post.  Just keep asking yourself the question '' when i call an owner who wants to sell XX mln worth property , can i show my bio to make them feel comfortable so that i can have a conversation with him/her ..

On that note, owners are willing to talk directly :) but it takes a lot to have them talk to you .. Best of luck .

@Lashaw Salta Commercial NNN with decent tenants is much much higher vs other segment. That property is smaller thus selling capr rate will be higher (assuming that warehouse ish). Also lending is tough on commercial and pricing is damped. $133/SQFT seems very high in that general area of 77090. To add if its a vacant property then no bank lending if very likely. Buying price seems high as well. Wholeselling would probably the best best where hardmoney /whole thing cash will be likely.