All Forum Posts by: Zane Gifford

CASH FLOW AND EQUITY!

Great cash-flowing property in the blue collar area of NE Houston.
Property address is 8220 E. Houston Rd, Houston, TX 77028. Currently the property is stabilized, professionally managed and being leased up. 

ARV: 600K plus when all units fully occupied and rented.
Asking Price: 475K (negotiable)
Repairs:30K
Equity:95K
This property IS NOT in the floodplain, though took 18" of water during Harvey. All 1st-floor units have been rehabbed, are listed, and being leased during the sale. 10 units all - 1 bed 1 bath 675 Sq. Ft. Units.

5/10 Occupied (5 recently rehabbed due to Harvey)

For More Information, Contact:
Kyle Lackey
Email: [email protected] Phone: 281-652-5667

Any specific areas you'd recommend to stay away from in Lufkin with regards to SFR ?

We are looking into Lufkin for SFH rentals. @Dave Chapa did you end up going thru with the purchase?

Hey John, was curious how this turned out for you? I found them and was looking for any feedback from the forums.

@Jessica A. Smith thanks for asking. We located a broker via the BP network and she is moving forward with them. 

@Annette Hibbler thanks for the reply. We will reach out.

We are looking for info on how we would finance/buy a package deal of investment properties? All of them are either one or two units and currently generating income. Thanks for your help!   

@Tom Keith we'd buy below 150K depending on cash flow and COC returns are within our preferred ranges.

@Leather Nix thanks for chiming in on the area specifics. Good into to know about.

Are there any areas for an investor to STAY AWAY from?

Thank you @Tom Keith for the response. @Eric James we are looking into the area @ small MF specifically duplexes to see how the overall economics compare to Houston.