All Forum Posts by: Account Closed

@David Thompson interesting you mention MF apartments as my uncle in Houston owns two of them and has had them for over a decade, extremely happy. He took them, gave them new life, and the occupancy rate sky rocketed compared to before. His health has taken somewhat of a toll on him but his son fully manages them to keep the money in the family, which is an added bonus. I could partner up with them, which is something I haven't suggested yet. 

How is the Houston market with regards to MF, still healthy and more or less affordable with good returns? 

I know lol I just know that there are people out there, probably not in these forums, that absolutely hate investors from out of town. I've seen it here in Orange County. Mention an Asian investor and it makes people livid, because lets face it, they are a big part of the re-occuring bubble in our area. When insanely wealthy people come in each with $20m in cash and start buying up houses left right and center, doesn't make people that just want to live under 1 roof happy. I don't blame them either. 

@JD Martin I'll look them up and connect with them, thanks for the info. Mind you, I'm not trying to take advantage of markets like the ones mentioned, as a typical carpetbagger would, I just live in a very expensive area where I won't really be able to build a real estate portfolio in the way I would like to.

@Chris Eaker The main reason that I'm very hesitant on investing far away from California is due to what you mentioned, staying away from investing in states all the way across the country. Most, and I mean at least 80% of buy and hold success stories I've heard are people that live relatively close to their properties, and I mean a MAX couple hour drive.

@Chuck Webb

I've heard the same almost word for word from my cousin who lives in the Houston Heights. He managed to buy rental properties about 5-6 years ago when it was an absolute buyers market. Not so much these days. I've tried to get in the door in that area as an example, I can't even touch a 3 bedroom house for less than $500k and that 500k property needs serious rehab before I can rent it out. However, will keep my eyes open and they are also in case someone is falling behind on their payments, needs the cash, etc... and would sell for a great price.

@Hiren Madhavani Send me a PM and I will share all the details as well as the spreadsheets I've been working on. It'll be easier than trying to put it all on here but rather send it to you in an email.

@Fred Weiller I would have to agree and I have family that have properties in the Houston Heights area, their feedback was the same. Prices 5-6 years ago were a lot better and friendlier for people entering the market there, however not so much these days. Unless an absolute steal comes up in Houston, I don't see myself investing in it right now, at least in the good areas with high rent demand.

1) Which markets have the best ROI as of right now as well as properties (SFR, condos, townhouses) that are still considered reasonably priced? I'd like to use an available $400,000 in cash and diversify into multiple properties that have a very good cash on cash return, but living in Orange County doesn't help and even if I could, the purchase to rent ratio is just horrendous. I've done as much research as I could on my end and from what I see, correct me if I'm wrong, cities like Houston, Atlanta, Cincinnati, and Baltimore all seem to be very good options with the exception of Houston's higher property taxes.

Also...

2) Was wondering if you guys would provide some feedback regarding the markets that are best from a landlord and owner's perspective? In other words, states that have landlord and owner-friendly laws.

As always, thank you in advance for your answers and feedback.

I have 2 questions regarding rental markets,

1) Was wondering if you guys would provide some feedback regarding the markets that are best from a landlord and owner's perspective? In other words, states that have landlord and owner-friendly laws. 

2) Which markets have the best ROI as of right now as well as properties (SFR, condos, townhouses) that are still considered reasonably priced? I'd like to use an available $400,000 in cash and diversify into multiple properties that have a very good cash on cash return, but living in Orange County doesn't help and even if I could, the purchase to rent ratio is just horrendous. I've done as much research as I could on my end and from what I see, correct me if I'm wrong, cities like Houston, Atlanta, Cincinnati, and Baltimore all seem to be very good options with the exception of Houston's higher property taxes.

As always, thank you in advance for your answers and feedback.

Living in Orange County, I'm just not excited anymore about investing in the area whether it be for flipping or renting. The inventory for good deals is just way too small, incredibly so. Therefore, following months of tedious research, I've decided to target the Dallas Ft. Worth area. 

With that said, has anybody here from Orange County or elsewhere for that matter invested in rentals in Dallas very recently? For those who have, what has your experience been? I have my eye on a few properties, mainly condos in the Metro areas. Would like to purchase 1 or 2 all cash on condition that they net me at least 8-9% after all fees (property management, HOA, etc...)

Secondly, has anybody ever worked with Dallas Luxury Realty? They seem to have an excellent reputation especially when it comes to property management. Would like to see if anybody has first hand experience. 

Thanks in advance. 

Hi,

Recently been very interested in buying properties in the Dallas Ft. Worth area. Came across Dallas Luxury Realty and people seem to be extremely happy with them from a buyer, seller, and property management standpoint.

Has anybody on BP heard of them or had experience with them? Would appreciate any input and feedback. 

Thanks in advance,

Zaki