All Forum Posts by: Tyler Bernhard

We're hosting an event this Saturday morning 4/23 at City Centre from 8am-12Noon. We'll be going over the Houston Real estate market and a couple of our most successful exit strategies using our 80/20 model loan for a buy fix sell case study as well as a buy fix rent case study. We'll have reputable vendors present including Title Attorney, Property manager, IRA, accountant, foundation, general contractors and insurance. Of course Sherman Bridge Lending and New Western Acquisitions will be present as your preferred lender and buy source. We would love to see you at the event and PLEASE forward this email along to someone else who might be interested or looking to get involved. All are welcome.

LOCATION: Houston City Centre, 816 Town and Country BLVD. Houston, TX 77024

Sign up HERE FREE

https://www.eventbrite.com/e/coffee-n-cash-tickets-24624502550

Tyler Bernhard

April 14, 2016

https://www.har.com/content/mls/

DISCLOSURE: All data was provided by the HAR Press Release for March 2016.

The HAR press release has just come out, and given the current economic environment in Houston, it's a very comforting report. The link to the source of information for this posting is found above. Noted in the report as they normally do is the comparison of the current month to the same month of last year. When this comparison is made of course its going to be a decline in most categories as this time last year was very different in the Housing market and in the oil patch. Now with the swing to low the 40's for a barrel of oil the Housing market in Houston is providing a very respectable landscape for investors to continue to make returns. One major contributor to this is the stat made in the report "In its April 2016 report on the Houston economy, the Greater Houston Partnership (GHP) cited U.S. Census Bureau data showing the Houston metropolitan area leading the nation in population growth in 2015, with the addition of over 159,000 new residents. GHP stated that since April 2010, Houston has added over 736,000 residents and that energy industry layoffs have been offset by job creation in other sectors."

As an investor the stats I am intrigued by in the HAR Press Release for the month of March, is the median home price has increased 2.4% to $215,000 from March of last year. This is the highest EVER for the month of March. Now this gets even better when you compare this to February's. The median house price was at $200,000 and thats a 7.5% jump in price. Also comparing February to March of this year the average sales price has jumped from $260,000 to $272,000! This is providing a good outlook for investors looking to sell some properties soon.

Another great highlight for investors mention in the HAR Press Release is the year to date home sales are ahead of last years by 1.0%. Also some great news in for land lords. Leases on single family homes have increased by 9.0%.

Of course there has been some declines in some categories. The key points I have highlighted show that this is very much still a healthy investment market and doesn't look like its going to slow down anytime soon. Some of the declines are just bringing those stats back down to earth and not at all out record setting numbers. 

Please register for the event at eventbrite. Link is below.

https://www.eventbrite.com/e/coffee-n-cash-tickets-24624502550

NOTE: There may be pitching of products, services or properties at this event! 

Time of Event: 04/23/2016 at 08:00AM
Location: Red Oak Ballroom, Houston City Centre, 816 Town & Country Boulevard, Houston, TX 77024
Fee to Attend: FREE

Greetings!

I'm writing to invite you to our annual Houston real estate investor networking event, Coffee & Cash!

The event will be held Saturday morning, April 23rd, 2016 at the Red Oak Ballroom in City Centre (Beltway 8 & I-10).

It's free to attend and no RSVP is required.

Please see above for a full itinerary and address.

Feel free to contact me directly if you have any questions. 

I hope to see you there!

@Wayne N. 

I will be able to discuss with more offline is well feel free to DM me. 

One simple rule its proximity to your residence or office. With your first proeprty I imagine you will manage the property yourself. This would also be an opportunity to learn about the rental business. If this is the case being close to the proeprty is a HUGE benefit. Being from Manvel, Pasadena  or Friendswood would be a great area to hone in on. 

If you are interested in receiving off market properties sent directly to your inbox please contact me. I would be able to supply you with the proeprties that you are after in the greater Houston area. This includes cash flowing rentals to high end rehabs and everything in between. If you are more interested in section 8 properties I can provide those as well. Looking forward to connecting. 

Way to kill it on your first flip!!! 

Message me. I can send you a contact. 

I would ask for:

• Estimated Closing Costs?
  
  • Closing cost breakdown.
• What are the Origination Points?
• Are there any points to be paid at closing?
• Interest points. How are the interest payments made?
  • Prepay the initial month and and the 1st for the past month. Common EXAMPLE: Pay interest today April 6th for April. Next payment is due June 1st for the month of May. 
• Loaning on ARV or purchase price?

Welcome to BP! It's a great site to gain all the knowledge you need. I work for New Western Acquisitions. I would be interested in connecting with you.