All Forum Posts by: Eric Tait

Welcome to BP,

Houston is a great place to be investing. Make sure you ask your questions as needed.

Welcome Sami,

Join some local REIA's and make some of the meet-ups, this is a very dynamic market with a lot of activity.

The major pitfalls here are property taxes and HOA's from what I can see. Mold is not a major issue as long as you keep your plumbing inspected, the flood plain maps are a constantly moving target, when you get an insurance quote for a property you are thinking about they will be able to tell you if you are in flood plain or not.

Hey Cameron,

Welcome to BP, make sure you join the local REI's and meet up groups in the area. These are places where you will be able to meet wholesalers.

Also, there seems to be quite a few here on BP, as well.

Appraised at and asking $350,000.

There is financing in place with a local bank if a buyer can qualify.
I own this property but it is being represented by a Broker and he will be the point of contact for serious inquiries, but I am more than willing to answer questions.

Built in 1960
Completely renovated with:
New boiler (2008)
New water pump (2012)
New roof (2008 and a section foam koated 2012)
2 new sewer lines (2010 and 2012)
New central a/c and heart systems (9 out of the 10 apartments)
There is an onsite manager.

Unit Mix:

Six 2-1 (one with 2 balconies and one with 1 balcony)
Four 1-1
All 1 bedrooms have 2 walk in closets in the bedroom
Car ports for resident parking and an attached asphalt parking lot with grassy play ground area.

Address:
6514 Sloan St.
Houston, TX. 77087
Please contact me for rent rolls and appraisal.

The local Chambers of Commerce and the city of Houston planning commissions are also great places to look for that info.

The beauty of Houston right now is that everywhere seems to be hot. But specifically the energy corridor (out I-10 west towards Katy) and up north (Spring, Humble, The Woodlands) is undergoing major job growth and expansion.

Welcome Lashinda,

The Houston market is sizzling right now, perserverance is the key.
I would like to be added to your buyer's list as well.

Hey Joseph,

Welcome to BP, I invest here in Houston and it is a great market with great economic drivers. Feel free to ask any questions you may have.

My broker knows better, but it

I think it is 25% down, 7.5% interest. 20 year amortization.

Appraised at and asking $350,000.

There is financing in place with a local bank if a buyer can qualify.
I own this property but it is being represented by a Broker and he will be the point of contact for serious inquiries, but I am more than willing to answer questions.

Built in 1960

Completely renovated with:
New boiler (2008)
New water pump (2012)
New roof (2008 and a section foam koated 2012)
2 new sewer lines (2010 and 2012)
New central a/c and heart systems (9 out of the 10 apartments)
There is an onsite manager.

Unit Mix

Six 2-1 (one with 2 balconies and one with 1 balcony)

Four 1-1

All 1 bedrooms have 2 walk in closets in the bedroom

Car ports for resident parking and an attached asphalt parking lot with grassy play ground area.

Address:

6514 Sloan St.
Houston, TX. 77087

Please contact me for rent rolls and appraisal.