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9 March 2024 | 23 replies
The local real estate companies should be able to provide this info.
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8 March 2024 | 53 replies
But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.
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8 March 2024 | 9 replies
HOWEVER, most counties provide this database as a large downloadable file that is updated quarterly to yearly.
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8 March 2024 | 8 replies
Is it seller financing that you're providing ?
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8 March 2024 | 3 replies
They will grant a court order and the money will come out of his paycheck.Most folks that get prosecuted for tax fraud have a pissed off ex in the background who provides the IRS with enough info to go after them.
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8 March 2024 | 1 reply
You need to provide a lot more information to evaluate this deal.
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8 March 2024 | 20 replies
Greetings, BP Team.I am putting the puzzle pieces together in order to get ready for my first project, and ask that Houston-area investors reach out to me with the names of trusted contractors.Specifically, I am in need of a general contractor that:1. provides estimates of rehab works that come reasonably close to actuals (firm bids would be a plus),2. is able and willing to do cosmetic work as well as studs-deep rehabs,3. has a dependable crew(s) and is known to hit targeted completion dates,4. is knowledgeable of Houston / Harris County permitting and inspection requirements.As this will be the first of a long line of profitable projects, I really appreciate your referrals and any other recommendations that you could lend me.Thanks in advance!
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9 March 2024 | 9 replies
I'd also suggest running some for-rent ads, to see what type of response you get.It's notoriously difficult to accurately predict ARV on these types of properties, because they're so niche, and the market for them is usually completely different than the market for more standard properties...For instance, a lot of lenders won't provide a mortgage on a property for less than $100k--and if that's the case in your area, that would mean that the only potential buyers for the property are cash buyers, which makes selling the property more difficult.
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8 March 2024 | 8 replies
Getting into the neighborhoods on the outskirts of these areas certainly provides some great opportunities.
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8 March 2024 | 12 replies
If you're not satisfied, you can cancel the contract.I highly recommend doing this, as it provides an easy out.