http://www.har.com/content/newsroomHouston Real Estate Milestones in December Single-family home sales fell 9.4 percent compared to December 2014, marking the third consecutive monthly decline;Total property sales dropped 9.9 percent (6,988 units);Total dollar volume decreased 10.9 percent to $1.8 billion;At $216,000, the single-family home median price achieved a December high;Single-family homes months of inventory climbed to a 3.2-months supply versus 2.5 months a year earlier;Townhomes/condominium sales dropped 2.9 percent with the average price down 14.6 percent to $197,904 and the median price up 1.2 percent to $159,900;Leases of single-family homes rose 2.9 percent with rents flat at $1,710;Leases of townhomes/condominiums declined 3.6 percent with rents down 3.1 percent at $1,459.

Mark Brogan Thanks man!

I'll have to ask Mark about this (He represents us sometimes as well).  

You set out to learn how to make buku bucks flipping houses, and you learned that you were an easy mark for a guru who invested right in your backyard - he invested in your wallet, and he made a quick 3Gs! 

We discussed some work-abounds, like  me marking up the materials I buy and only earning min wage for the labor. 

@Mark S. runs the meetings.

@Mark Creason I'd definitely be considering replacing current property with multiple properties, since it may be very difficult to find a single property worth the full amount of carryover. 

Nice Job...i'd be a little nervous about it selling closer to the 130k mark though.  

In some cases the realtor doesn't want to waste a day on showings, and we get our offer accepted early and they mark the property pending within hours.

At the 3 - 5 year mark, your $500k would hopefully have grown to $750 - $800k, you'll have a good understanding of the financial and operational side of managing apartment deals if you were a diligent student, and you will have a network of mentors and potential investors to join you when you become the lead investor on your own project.