All Forum Posts by: Calvin Yeang

I'm an out of state investor looking for advice on investment strategies for a distressed 3bd/2ba 2000 sq ft SFH near Bellaire that I'm purchasing from a family friend off market. Using my best estimates, the property would cash flow as a LTR but I'm looking for strategies that can optimize this investment. Specifically, I'm looking for a few things:

1) Recommendations for contractors who can do a complete rehab on a reasonable budget. 

2) The property has a sizable backyard and potential for a 1-2 bd ADU. Are ADUs attractive or considered an added value in the Bellaire area?

3) Does anyone have experience with mid term rentals in this area? Nothing that it is a short commute to nearby hospitals and offices. 

4) Does anyone have experience with STR in this area?

5) Advice on what renovations provide the most added value in this market. For example, would adding a 4th bedroom make the place more attractive for LTR? Does replacing the lawn in the backyard with synthetic turf add or subtract value in this market? 

Thanks in advance for the help and I look forward to making connections in the Houston area.