Investments in Houston, TX

[Wai Fung]

Anybody ever worked with a gentlemen named Gerald Guterman?

Here are couple of properties he presented to me:

http://www.har.com/20610-alfonso/sale_27394662

http://www.har.com/1931-jara/sale_36330833

http://www.har.com/1839-jara/sale_54971563

Are these worth pursuing with 25% down and a guaranteed lease agreement for the first 2 years with a return of 7.5%? These homes are new construction located in a dry area of Houston, TX that was not affected by Hurricane Harvey. 

[Fred Heller]

@Wai Fung 

Uh, no. All of those properties are over $200,000, which do not make good rental properties in Houston. You need to keep it in the $130,000 or less range to make sense for a rental property.

PM me if you would like to discuss options.