All Forum Posts by: Brooke Noth

Hi Tim,

Welcome! My husband and I both went to Baylor! I'm a lender in Texas and we have some student/parent programs if you come across anything you are interested in.

All the best,

Brooke

Hi Bruce,

First off, welcome to the Forum! I'm not in Houston, but there is one thing that always resonates with me as an investor that's often said on BP. "Okay, the price doesn't give me a good COC, so at what purchase price does it make sense?" This is something my husband and I always ask ourselves when making offers. So, the numbers don't work at 160k, but at what PP do they work? Is it 130k? If so, then offer low. The worst they can say is no. And honestly, if they say no, then, no problem because you were already ready to walk away from the deal at a 160k asking price.

Hope this helps!

Brooke 

Welcome Joshua! Congrats on getting started with Real Estate. It sounds like you are in a great position to move forward. You had mentioned that you are looking into a minimalist lifestyle - Have you checked out Mr.Money Mustache? MMM has a lot of great articles and also a forum to check out to explore ways to save money and live with minimal consumer driven products. 

It's a great read and a nice resource to find new ways to save extra money each month. 

We are happy to have you and let me know if I can be of any assistance moving forward! I'd love to help you with the lending process, if you find a nice primary residence or investment property you'd be interested in. 

All the best,

Brooke

Melissa,

Yikes! 12 Hours per week sounds awful! I know in Austin the utility company can do an average payment every month (basically they average the payments from the year before and charge that to you monthly). This would give you the same payment each month for 12 months that you could have automatically paid from bill pay and not have to run the numbers each month. I think the payment changes every year based on the previous year's usage. It might be worth considering and save you an amazing 12 hours to be used somewhere else. :)

Hope this helps!

Brooke

Hi Natalie, I'm not a RE Agent, but have you tried MeetUp to find meetup groups that are focused towards investors? That would be a great networking opportunity.

Hi Edgar - Welcome to BP! Let me know if I can help answer any lending questions for you! 

When I interview a realtor, I like to ask a few things:

1. How many clients are they currently working with? (That helps you determine how often you'll be able to reach out to them)

2. What areas of town are they an expert in? (Make sure they align with what you'd like)

3. If they are an investor themselves? (Personally, I like working with investor agents, so that they can relate to the lingo of investing and look for a deal, like an investor would). 

Congrats on your first post! We are happy to have you. Let me know how I can help you move forward. We offer some loans on flooded properties, so maybe I can help, if you decide to move forward with the partnership. Let me know if I can help answer any questions you may have. 

Patrick,

I really like San Antonio. They have a lot of future growth in the works and the properties are reasonably priced. With that amount ready for a down payment you could find a nice quadplex that would have 25% down at a decent rate. 

Hope this helps! 

Brooke

Hi Robert,

We are seeing the same thing with investments in the Dallas area. I have to agree with @Account Closed - I think the apartment and SFR mass purchase boom slowed down rent increases.

Hope this helps!

Brooke