20 May 2024 | 14 replies
I'm a real estate agent, investor and developer in central Houston (i build duplexes).
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20 May 2024 | 21 replies
A half decent carpenter can build the cabinets and drawers in a day.
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20 May 2024 | 12 replies
Be cautious going too far west of I95 after you are north of 112, those are historically underserved neighborhoods and while they are slowly gentrifying, they are not likely to appreciate as well as the areas I mentioned.
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22 May 2024 | 77 replies
I know how to find a building owner using county records, so I cross reference for the most recent name on title.
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20 May 2024 | 6 replies
The purchase price was 1.375m The property was 8 buildings of 40 or so units scattered in a D area with F tenants.
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20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
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20 May 2024 | 6 replies
Currently, I am a district manager for Build 2 Rent, specializing in new construction properties in Florida and North Carolina.
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17 May 2024 | 5 replies
Me and my Partner have a deal under contract out of town but the greatest challenge is finding buyers in that market.Feels like we called every line available to find buyers in the area but we haven't struck a solid buyer any suggestions on building a buyers list or finding buyers interested in Fix and Flips Near WACO.
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20 May 2024 | 24 replies
A lot of neighborhoods in the metro pockets still have higher prices.