How to find Investors in Houston

Question

Does anyone have any good strategies for networking with investors? I am in the Houston market currently looking to find a group of investors. I need to know what the local investors are looking for so that I know what deals I have coming to really get serious about. I would appreciate any advise you have for me.

Thanks!

Jason

Thanks!

Jason

Steve Babiak · Answer

Try reading the sticky threads at the top of the BP wholesaling forum to learn a variety of ways to find investors.

Ryan More · Answer

Hey @Jason Ostermayer !

Get out to a lot of the local networking events.  We have a lot of them in the area.  You'll start to see a lot of the same faces and learn who the buyers are.  @Eric Tait has a very common model for the landlords in the area.  Some are getting very hungry for deals so that is driving prices up a bit.  The gurus are back in a big way so it seems every week sees a new crop of new seminar graduates out looking for deals.  Some are really bidding up prices and will say anything to the seller to get the deal.  DON'T be one of those guys, especially if you are dealing with pre foreclosures.  I spoke to a woman yesterday that I talked to a week and a half ago.  She went with a guy that I knew was offering too much and would not be able to perform at that price or in the time we had left before the auction.  I would have been able to close in time with no problem and she would have walked away with about $10,000 in her pocket.  Instead she listened to a new investor that was out of his league and was not able to do anything with her property in the time period he had.  She called me to see if there was something we could do.  Unfortunately the other "investor" basically said oops and the house went to auction last week.  She lost it and now gets nothing.

I know that was slightly off topic but I just had to get that story out because I am running into it a lot lately.  We are dealing with very delicate situations in many cases so run your business with integrity and know your numbers.  If you do those things you will get all the buyers you need.

Jason Ostermayer · Answer

appreciate all of the support.

Cheers!

Jason

Jason Ostermayer · Answer

Thanks so much for the feedback guys.  I am a bit uneasy about marketing for sellers until I have some confidence in my ability to get the property moved.  With Houston being such a large market it's important to know where investors are most comfortable buying so I have a good shot at flipping my way out of the deals.

Do you know of a good Closing Agent / Title Company to work with in Houston?

How about a Real Estate Agent who works with investors?  I'd love to see a list of cash transactions closed in the last 30 days in the Houston Area.

I really app

Shawn Mcenteer · Answer

@Jason Ostermayer I believe there is a Houston meet up, try searching for it on the search tab. Best of luck!

Eric Tait · Answer

Hello Jason,

This site is a good way to do that, also you should join local real estate investing groups.

Each investor is going to have their own criteria and experienced ones can

tell you within 2-3 minutes if they want to pursue going further on a property,

so I would recommend just getting as large a buyers list as you can and

the people with self sort as you send things out.  Eventually, you will have a

few buyers who you know are real and can perform and you can call them

first.

Hope this helps.

We personally look for 3/2/2 or larger north of Beltway 8 on the southside of

town preferably built after 1978. (but I will go younger to 1970). At least

1200 sq. ft.

We will look at anything that is less than $45 sq./ft. and I look to have at least

10-20K in equity after any rehab.