All Forum Posts by: Ray Baker

Hello all 

Well after a year of trying to get into the real estate business we finally have our very 1st two duplexes under contract. One house is a 2 - 2/1 and the second house is a 2 - 1/1. We are paying $58,900 for both of them. Rehab should run around $50,000.00 and ARV should come in around $160,000.00. After renting them out we will then refinance the property for cashflow. Got luv BRRRR. I will definitely be asking you all a lot of questions as we go through this process. Any ideas or recommendations that you have we would be grateful for. Thank you for all the BiggerPockets help we're excited to be on our way for the whole new real estate adventure.

Sean I like your different offerings I have a 2 duplexes rental I would like to talk with you about.

I like your detailed outline I would be interested in talking with you about a project I am working on.

Looking for a hud agent for the Houston TX area. If anyone has any recommendations let me know. I will be putting in multiple bids along with others bids so they would need to be someone investor friendly. Thank you Ray

Can't wIt for this one. Just what we need thanks for all your wise info Yoda. "Do or Do not..... There is no try.

We are looking at purchasing a house for rehab.  All the numbers look good except their is a retaining wall that sets about 1 1/2 foot away from the house.  It goes down the side of the house and partially around the back.  The ground that the retaining wall holds back sits about 1 1/2 ft above the base of the home.  It looks like water is running into the gap between the retaining wall and the house.  Then it is seeping through the weep holes causing mold to start on one of the bedrooms.  I will try and attach pictures for you to see.  I am looking for any ideas on how to try and move water away from the house.  Thanks for any ideas.  Ray

Looking at out 1st flip. It is a 2 story that was flooded with 2 feet of water from a storm in the area. House has sat for a while and does have some mold. Was curious what else we should be concerned about. We know we will have to remove at least the bottom half of all the walls in the downstairs.

Kathleen M. Welcome to Texas we are out of Magnolia. There's plenty of Texans here to help Ya with any questions.

Welcome @Tuan Nguyen you will learn a lot from Bigger Pockets. Definitely listen to the pod cast. We are also in Houston make sure you go to Houston Rich.

Welcome to BP were from the Houston/magnolia area drop us am IM with any questions