Investment Info:Single-family residence buy & hold investment in Houston.

Any ideas or suggestions are welcome as well.Best, Steven

We are looking to grow our flipping business this year as well get into holding properties as our long term wealth strategy.

They recommended we not use them and hold the contracts ourselves as it should involve far fewer contractors than, say, multifamily. 

We calculate rent plus all debt payments as a percentage of gross monthlyincome.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihoodof a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’tchange their minds.

I recently use to be a Pro member but had to put my membership on hold after buying my first home a month ago.

Assuming that the contractor does not hold a license, the seller would be effectively unveiling potentially illegal activity to the buyer, along with names and contact information.

It is a bad idea to make investment decisions where a key part of your return is dependent on decisions that are entirely out of your control.

It is always a good idea to have a base case, best case, and worst case.

We have no idea what we are doing and I can’t wait to learn some tips and tricks from you all!