All Forum Posts by: Tony Duran

 Hi Michelle, 

What is the price range for a SFR in Big Bear, Arrowbear, Lake Arrowhead which would have great to moderate rental potential? Thanks.

 Thanks Fred Heller as I will hopefully be looking at the end of this year or early next which I hope will be a down period. 

@Steve Rozenberg and @Account Closed 

This is great advice and information to help with my second investment into the Houston area. I like the low cost of getting into the investment which reduces the risk of losing it all. Thank you and I look forward to finding a place hopefully in the near future. 

Could anyone chime in as to what the profit margin after all is paid (mortgage, insurance and taxes) is for a 3/2 in the Houston area? In the Los Angeles, the general rule is $100 per bedroom per month.

Looks like a great Buy Huy. 

I'm looking a SFR as many others because since I live in California and a multi unit would be to much work. Do you use a management company or manage it yourself? Any management company recommendations? Thanks.

Wow! This is great information. I live in Los Angeles and my purchasing power isn't what it is in Houston. I will start look into Spring and the other zip codes mentioned because I visit there roughly 2 times a year and really want to grab up another property before the end of the year. Thank you guy! 

PS. Do you notice that most of the properties under 100k are foreclosure/short sales or are there standard sales available as well? Thanks again for the info.

Hi BP, 

I currently own a townhome in the Houston area which I purchased back in 2005. Times are different now and I would like to purchase once again in the Houston area, if profitable. I have family in Katy and would like it to be in the surrounding area. So to my question, what is the down payment required for this investment and can someone lead me into an area that would provide profitable with an up and coming neighborhood since there is so much development going on? Thank you and I look forward to the discussion.

Ive done short sales before but not as a purchase for myself. I was not informed by my office that this would be the case or I would have had another agent sign, representing myself as the buyer. They are taking about 25% of my commission which is franchise fees as well as other cost. Im just wanting to know if this is something that can be waved or common as it is costing me thousands out of pocket. 

 We are in the final stages of escrow which has taken over 3 months to get here so unfortunately that isn't an option. I wish I would have know this before submitting the offer on my behalf.

Hi Agents, 

I am a licensed agent in Sothern California and am going through a short sale purchase for myself. I was just informed by the bank that I will not receive a commssion since I am the buying agent and buyer of the property. I have since told the franchise I work for that I will be received zero commission and they are still requiring me to pay the franchise fee of any earnings they would have received from the transaction. Can they do this and is there any way to fight this cost? Thanks for your advice. 

I just got off the phone with my management company and they stated Houston Housing is cutting back on their portion of payment towards rent. They are also pushing for Section 8 people to live in small residences i.e. a bedroom per person/couple. With this being the case, I have decided to leave the rent at the current rate which is about $50 lower than the average. The tenant has been good with my property so why disrupt a good thing which is the approach I am taking at this time. Thanks again for everyone who chimed in.