If you do the work, you capture that 15-18+% and keep the profit in-house.Personally, I think the best option is to buy as much cheap money as possible (finance the most you can), and buy a fixer-upper where you can be more competitive. 

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $130,000

Cash invested: $16,000

Bough off market, from my own marketing efforts. Used private funds. aft...

@Edmond Thorpe welcome to the valley go to AZREIA.org there’s tons of information and classes for you to learn about the market and the strategy you would like to use.

Good Afternoon everyone,I started officially my real estate class yesterday.

(If I could predict X, I'd have a crystal ball)Let's grant that this inflation is perfectly distributed across all asset classes but checking accounts and greenbacks.

You cannot become a world class boxer if you are afraid of getting punched in the face.

Abiy, What kind of cap rate, COC return and community class (A,B,C) are you looking for?

it would be helpful if you put your price range, houston has tons of sub markets and price points. class A?

Typically folks will get a high interest loan initially because the property is at a discount and wouldn't fit the criteria for a traditional mortgage (fixer upper, cash only).The refi portion is to place a traditional mortgage on there so that you'll have a manageable monthly payment which rent will cover as well as cash in pocket due to the equity that was present.The goal is to control the property with as little money down as possible while positively cash flowing so I'm not sure if get 2 traditional mortgages accomplishes what you're looking for.

It gives rental comps in the area and is a good starting point for determining rental rates in your area based on asset class