All Forum Posts by: Veena J.

What?? We are active in TX and I'm surprised to hear that... 

I consider a year new. That doesn't mean I won't look at a track record of success within that year, but it's not seasoned either. 

You've already gotten some valuable advice. My .02$ echos much of what has been said above:

1. Grammar and spell check. An occasional typo is fine, but consistent errors in grammar makes me question what numerical or mathematical errors you have.

2. I want to see a clear breakdown of rehab costs. How did you arrive at these numbers?

3. What is your experience? Do you have a track record?

4. You have no money in the deal. I don't do anything 100% financed other than my own projects because you have no skin in the game and can walk away from a project without losing anything. And time is money.

5. Where are the holding costs? What about taxes and insurance? Where are your utility costs?

6. I usually like to see a 30, 60, 90, and 120 day rehab breakdown with newer investors. 

7. As said above, if I'm risking my money with someone less experienced, I expect a much higher ROI.

Best of luck!

I'd be surprised if you can find anything in any of those neighborhoods for under $250. Not to say it's impossible, just not likely! 

 Currently we are not invested in Houston, but I never say never! :) 

Great read! I really enjoyed following this!

Welcome! I am in Frisco TX and love what I do! 

Welcome! I am an investor in Frisco, TX. I'd love to connect further!

Are you crowdfunding? 

These are really great questions. A couple of the big things I look for when evaluating passive deals is-

1. Is the sponsor invested themselves? If they are, the have some skin in the game to make this project a priority. For example, we are currently raising seven figures for a lucrative project we have coming up, but my partners and I also have 6 figures of our own money invested. 

2. What is the worst case scenario? is there an exit strategy? I basically want to see what the worst case is. Ex, on our projects, our investors will know where their lien position is (1st or 2nd). We are also very conservative in evaluating numbers... we contingency plan with a quick exit in case markets change or decrease anticipated value. We are generally very conservative with our projections to mitigate risk. 

At the end of the day, yes, our investors bet on myself and my partners. But there are definitely questions to ask before getting involved with a project. Please feel free to message me if you'd like to talk further!