All Forum Posts by: Trey Watson

Type of Properties: Single family distressed

Focus Area: All over- The Woodlands down to Galveston

Frequency: 30-40 properties per month

I'm Looking For: single family investors, other wholesalers, lenders, contractors

Why you should contact me: I work in the trenches 7 days a week, know the market, and have a massive team to support me and my clients. 

I think it would be beneficial for everyone if we got a 'wholesaler' roll call going for Houston, Texas. Fill out your info below and post. 

Type of Properties: 

Focus Area: 

Frequency: 

I'm Looking For:

Why you should contact me: 

I have properties @phuc hoang. My phone number should be on my profile

tax record search. llc's and non owner occupant

All you need is Gmail...and its free. 

I can only speak from my experience, but I have never heard of specialized software working for someone and actually making them a successful wholesaler. 

I believe what it comes down to is organization and execution. I operate by putting everything in google calendar, and google contacts. If you put everything in your calendar and act on those things, there should be no need for a software because that's the only thing software would be good for- organization. Those programs that you see for sale on Facebook and the seminars, they cant run comps for you, they can't write contracts for you, they cant find buyer leads for you, and I'm pretty sure they cant find seller leads for you. They definitely can't communicate with buyer, seller, agent or title company either, so I'm not sure what they're good for other than being a more complicated, expensive Gmail. 

My point is all you need is a little motivation, consistency and a computer. Hope this helps.

The properties in that zip code are typically pretty pricey so 20k may not unreasonable. Also Josh makes a great point, it shouldn't matter what the wholesaler makes if the numbers work for the investor.

Disclosure..I am a wholesaler so my point of view is biased but this is how I view the situation. 

Thanks Tyler

I posted this on my BP blog but figured would probably get more traffic on the forums.

**To maximize table and graphs you will need to go to my biggerpockets blog on my profile and click the pictures to enlarge. Forum wont let you enlarge.***

The state of the oil industry obviously has people concerned. There are many investors and would-be investors, who are now unsure of their strategy or overall desire to be invested in real estate due to the looming question; what will low crude prices do to the Houston job market and subsequently the housing market in the near future?

Most people understand that real estate tends to lag behind other asset classes in terms of changes in value. Oil has been dropping for quite some time, layoffs have been frequent, corporate revenues are tanking. As a result, I believe the general sentiment of the market is that r/e is due for a correction in the very near future.

What sort of drop should we expect? No one can predict the future, but we can always look to the past for guidance. I've gathered some data from HAR on the famous 'Energy Corridor' area of Houston, to illustrate some of the changes/activity in the r/e market over the last 15 years. I think the Energy Corridor is appropriate to sample, given the subject.

This data really won't help anyone predict what is going to happen, but I think it does a great job at creating perspective on the true motion of real estate prices. Notice the 'crash' of 2006-2008. Not as impactful on prices as you might think.

I believe that real estate is the single most effective way to build wealth. We are in a time unlike any other in history, where the general population is becoming more educated on the basics of owning real estate as an investment.

Back to technicals: So what I did here was- I took the average sale price, avg price/sqft and avg days on market of a 2,200 sqft 3/2/2 home in each stated subdivision. You can see what one would expect to sell this size home for each year (back to 1999) given the comps provided during that time period. I chose July 1st through February 2nd of each year to sample because that goes 6 months back from when I started running this data.

I hope this is helpful, if not interesting.

There's a good one tonight at St Arnolds Brewery. White Picket Realty is putting it on. Starts at 6pm. I know...thats in an hour. 

There will be other events though, just check out Meetup.com. The RICH club puts on an event on the first Saturday of every month and thats a decent sized event.

@Andre Noumair Investors are definitely still flipping homes in Houston, but I have noticed that many have shifted their focus to lower end homes that require a little less capital and less rehab (300 ARV and below).