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10 January 2025 | 15 replies
Out of your list, I suggest the Northern and Western cities you listed (Conroe, Montgomery, and Katy).
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12 January 2025 | 20 replies
Once you know how the land is allowed to be used by City or County zoning, start working to a "highest and best use" mindset where you find out how the deal can be quickly turned into money by the end user.
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7 January 2025 | 11 replies
There are certainly value-added opportunities in the city.
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13 January 2025 | 12 replies
I can’t imagine what kind of things the city ask for turning silo into a house haha
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9 January 2025 | 0 replies
Target ReturnsWhile target returns are crucial, these should be discussed only with investors—not brokers or others helping you find deals.Sample Investment CriteriaHere’s an example of well-defined CCC:Location: Primary and secondary cities in the Southeast with population growth.Type & Class: Class C garden-style or walk-up workforce housing with repositioning opportunities.Age: 1980s construction or newer (case-by-case for older).Price: $5M–$12M, requiring $1.5M–$3M in funds.Size: 100+ units.Cap Rates: Market rates.Roof Type: Pitched roofs preferred.Value-Add: Opportunities for improvements or better management.Why This MattersBy creating crystal clear criteria, you:Avoid wasting time on deals that don’t align with your goals.Build trust with brokers and partners by demonstrating a focused investment strategy.Increase your chances of finding deals that meet your financial and operational objectives.I'll be posting each chapter as I go through them so you can follow along from my notes and we can discuss different strategies.
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29 January 2025 | 68 replies
MHPs are an eyesore, and board members of every growing city can’t wait for a developer to bulldoze the park and throw up some condos.
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17 January 2025 | 12 replies
do you have issues with the city if there are cars parked on the street or lawn?
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5 January 2025 | 11 replies
To be honest, I´m in the Maintenance & Construction for corporate businesses for some US companies in Mexico and we do some Real Estate down here also, but it´s way much different than the US, so I have much to learn from a lot of people around here and as @Julio Gonzalez, I think this is pretty much the right pad and place to start and to break my fears to start all over again from scratchAlso, I´ld like to hear more from @Justin Brickman why he voted for his city, pros and cons, it will help to read from a local...As I said before, thank you all guys for taking the time to write in this post and share some experienceDo you plan to owner occupy. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.
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12 February 2025 | 43 replies
Still waiting on payments to start with the city of Memphis. it was supposed to be October 1st but I haven't seen anything yet.