Rice Village, Washington Ave, the Heights, EaDo, and Garden Oaks/Oak Forest (GOOF), are where people like to be (higher rents).

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $75,000

Cash invested: $90,000

Sale price: $245,000

SFR Fix and Flip

How did you find this deal and h...

@Adrian Rice If it is owner occupied I wouldn't touch it.

@Jimmy Woodard @Marc Rice @Justin Beasley @Chris Prichard @Morgan Putnam

@Penny Pells find an owner’s remodeling rep to help you get estimates and oversee remodeling so you get a fair rice and good workmanship.

All butts must be disposed of properly, not thrown off the terrace.

I am looking in the vicinity of Terrace Road and Forest Hills Blvd.

Penthouse specifications:Purchase price: $315,000315 square meters = 3390 square feetAverage price per square meter = $1,000Average price per square foot = $92.653 bedrooms4.5 bathrooms1 services room (for a housekeeper or nanny)1 patio, 1 balcony, and 1 rooftop terrace Annual property taxes = $1,650 per yearMonthly utilities are about $360 with short-term rentals, much higher than they are with long-term renters which typically average $180/monthAdministration (HOA) is about $310/monthCable+Internet package is $51/month, I pay for fast speeds for remote workers and digital nomadsAnnual insurance is approximately $300 for the year and provides complete umbrella coverage for over $500,000...it’s very cheapThe full-time housekeeper is $450/month and helps with all cleanings between reservationsThe maintenance guy is paid ad-hoc and as needed; I estimate only about $50/monthMy overall cost of ownership is low totaling about $1000/month.

@Marc Rice should be able to help you with this.

@Marc Rice runs an airBnB company.