All Forum Posts by: Account Closed

I've contacted Senna House Buyers, found them digging through BP's forums. Sam Craven's been featured on a few BP podcasts. Havent bought a property through with them yet but have had a great experience so far. Would def recommend meeting with them for a consultation.

@Jordan Dupuis It was a bit pitchy, not something I was looking for at the moment. However, I really liked the JetLending event. It was fun, informative, and I found it easier to socialize and network. I would definitely recommend attending JetLending's monthly event.

This was a post by David C. on Harris County Tax Auctions. I'm not sure they're quite the same thing you're looking for, but there's a lot about the auction environment, esp in Houston, that I found very useful.

Harris County Tax Auction

Dont forget to factor in closings costs too

Something to keep in mind too, the city recently finished a light rail that runs along the backside of UH (Scott St.) that cuts through to EaDo and basically in the heart of third ward.

Down along Elgin & 59/288 the city should be wrapping up a $30 million rehab project for emancipation park this month. Think discovery green/buffalo bayou quality.

Most of the property in the areas as of late seem to be new townhomes/condos/apartments in EaDo and some newer townhomes/condos along 59/288 & Elgin.

As far as rent goes, I know UH has invested quite a lot to get students to live on campus. They've built quite a number of new housing within walking distance as well as upgraded older dorms. These rates are found on UH's website and ranges from $3000/semester and up.

Incredible list, Andrew. I'm also getting started myself and I like your structured approach to learning. Here's a few websites I've been using to research the market: http://www.houston.org/economy/ https://www.recenter.tamu.edu/data/housing-activity https://www.har.com/content/mls

@Jesal Shah I played around with some of your numbers, for instance, keeping everything the same and having rent at 1200 (1% rule, check) but also reducing annual expenses to 4000 (333/mo) you can achieve positive cash flow, roughly 3% COCR. I dont think these are unrealistic numbers, perhaps not for this property but I'm sure you'll find a deal that makes sense.

Jim Kennedy reached out to me not too long ago and has been great help. He does consulting by phone in 31 states and perhaps can assist you.

I think Fred makes a good point, you would be hard pressed to find tenants willing to rent >$2000 a month. Have you checked comps in your neighborhood? Perhaps make minor renovations to your home and sell it to make a little extra off the top?

Thanks @Tim Shin, looking into that now!