All Forum Posts by: Alex J.

Alex J. has started 17 posts and replied 307 times.

i can speak for houston. the year over year housing market in flood areas have softened, the areas that didnt flood are pretty flat. in terms of investing, its all about the specific deal you find. i have heard good things about dallas but also that its a pretty balanced market as well. both seem to have pros and cons

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its very hard to find a 2-4plex in houston. I would love to buy several if i could , but its nearly impossible to find

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instead of going around the agent, just tell the agent you will submit an offer thru them and ask them to take a reduced fee to help with the sellers fees. at least it will motivate a lower price and a deal closed . always gotta think about how to make it a better situation for everybody, not just yourself - thats how you get a fair deal for all. LA is not a buyers market even with all the hype you read about year over year sales down. theres still plenty of deals trading and they arent trading very far from list price

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I would love to see these deals, if you come across a 10cap that has an 18-20% COC send it to me please

Originally posted by @Account Closed:

@Cody L. you can definitely find 10% COC all day, I'm trying to say that that is way too low. Especially on a small deal. A lot of buyers have very low standards for qualifying property, and it's a problem. It's how people get burned. I recommend investors seek out a 10 cap using a REALISTIC pro forma. That usually comes out to a 18%-20% cash on cash return with good financing terms. Lower could work, like with your houston house, but I would only recommend that if someone feels very confident that incidental expenses with the property (vacancy, maintenance, etc...) are going to fall in line with your pro-forma estimates.

Another thing that scares me about lower yields, esp in major markets, is that we're at a peak. Major markets tend to see depreciation and weaker rental demand during low economic cycles. It's nice to have a buffer for that built into your cash flow.

The point I'm really trying to drive home is it's on the buyer to make sure they're making a good investment, and not to assume or trust that a provider or seller of any sort adheres to high ethical standards (they should, but it shouldn't be assumed).

Now if you're saying MLS vs TK... That's just a matter of do you want the additional service a provider offers or do you want to do it yourself, which is more of a preference thing than a performance thing so I don't think it speaks to the

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playing devils advocate here

great purchase price. why not have put less in the remodel and rented it out and basically had 10k return a year ?

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i am personally not a fan of flood properties although ive seen people have success with them. there are so many factors to consider, location , amount of water that go tin, amount of times flooded over last 4 years... how long did it sit with mold... I mean just so much into that question.

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How can a bigger pockets member invest in bigger pockets from an equity standpoint? I have capital ready to invest in BP! Lets make another great story that started out of your message boards.. I am dead serious not saying this as a joke.

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the duplex triplex small multi market in houston is very limited and usually in C class markets. I think you can find a house with a garage apartment in several parts of the city, but i wouldnt say thats a true multi family

for better cap rates on SFR look to places like missouri city stafford for homes that will have a retail end user

for flips and flood risk properties look more at northwest houston north of i10

best of luck

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Fix the issues and get it back on market.. It will rent fast in LA

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@Michael Phillips you have a 2b1bath duplex rented for $3,00 month each door or total? is it renovated and what sqft? do you pay any utilities? i have a 4plex in the area curious on the comps, all of mine are 2bed 1 bath with a single garage spot for each unit

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Los Angeles County, California

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All Forum Posts by: Alex J.

Alex J. has started 17 posts and replied 307 times.

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