I will start by saying that I know that this is an unpopular position to take.

All three had positive net migration numbers (Houston had negative net migration because of the hurricane/flooding in 2017).Lastly, a lot are saying that Houston markets are already over saturated with investors,  the property prices are too high,  etc.Since I am trying to narrow my market search in investing in a 2-4 unit property would you guys agree that I should eliminate the Houston markets above and focus on Norman OK, Winter Garden Fl, and Boerne TX?

When you were in my position what did you do to make it happen?

About a year from now, I should have an influx of cash available for additional deals, so I want to be in a position to deploy that capital wisely.

Syndication is the fastest way to do it if you are not wealthy to start and leveraging folks that have capital to be on your side w/the banker and give them a piece of the action is something we see often w/new syndicates.Couple blogs that may help. 

Hi, As I’ve mentioned on a coupld of previous posts, I’m very interested in 1st position, performing mortgage notes....especially notes in Texas.

Not saying I would have done it, but I would have considered it.So, basically, the moral of the story is that you’re in a pretty good position either way.

If so, what actions did you take before and after closing? 

I did find out the outcome of the court action taken against the seller from the stuctural engineer on the project which was my personal friend.

After all costs (tax, assoc dues, insurance) we have a positive cash flow of $940.00/mnth.