All Forum Posts by: Chad Aziz

@Aaron Norris, yes I totally agree with you about large counties and how countywide forecasting/reporting should be taken with a grain of salt. It's kind of like when the weathermen in So Cal talk about micro-climates, the same is true for REI, in that there are pockets and areas within a county that are different from each other. To your other point, yep, definitely one of those things were we all wish we would have bought more.

Here's the article

Below are some snippets from the article:

"The housing stock in Orange County and the Inland Empire was “overvalued” as of August, while home values in Los Angeles County and the overheated San Francisco peninsula were not, according to a recent analysis by CoreLogic, an Irvine-based real estate data firm. "

"Rising home prices are expected to occur for at least another year. U.S. house prices are projected to rise 4.7 percent more by August 2018, CoreLogic reported. Still, the pace of market gains is showing signs of slowing down."

By the way, great article about Houston's resilient housing market: 

http://www.reuters.com/article/us-storm-harvey-hou...

The Truth is that this is an assignment contract offered for sale by an investor (me) who was going to hang on to this house but may have to wholesale it due to my wife's behest (still trying to convince her to let me keep it).

The subject property was flooded (18 inches per seller) for the first time after Hurricane Harvey (never before).  The sheet rock is already removed up to 4 feet so the home is ready to be renovated.  

3 bed / 2.5 bath / 2 car garage 2,500 SFT. Great location!! 

Address: Castletown Park Ct,  Spring TX 77379

Estimated After Repair Value (ARV): Before the flood, the owners were about to put it up on the market for $215,000, both Zillow and Redfin put their estimates at $215,000

Flooring: the entire downstairs was tile, except the master bedroom (wood, which has been removed)

Rent upon reno: my estimate is $1,650

Rehab costs: estimated at $25,000 to $30,000, more if you decide to revert the upstairs loft into a 4th bedroom (was converted to loft by previous owners)

***Please do your own Due Diligence***

Buyer pays all closing costs.

If interested, please reach out via email: [email protected]  Let me know if you have any questions.

I can send you more pics via email if interested.

Nestled in the heart of Cypress Creek Cultural District with walking distance to library, museum, restaurants, parks and quick access to I-45 & 249, Whole Foods & HEB. Large lot on a quiet cul de sac street.  First floor master has sitting area. Recent paint. Extensive storage. Private backyard with large patio. 

Some nearby soon to be comps: 

http://www.har.com/6707-seaton-valley-dr/sale_6713... (Backs up to Strip Center)

http://www.har.com/16209-fox-crossing-ln/sale_2037... (smaller home and yard)

SOLD nearby Comp:  https://www.redfin.com/TX/Spring/16019-Conners-Ace... (Newer larger property but this is a steal on a $/sqft comparatively)      

Kevin,

Not sure if your trying to refi an existing loan on your personal residence or get a brand new loan. I've had pretty good luck with Lendingtree.com. You just enter your info. online and it goes to a bunch of lenders and you end up getting the best rate. With the Brexit that just happened, I'm getting an APR less than 3.5% and not paying anything to refi my loan. Good luck.

@Rick Snow @Devan Woodruff Hi Guys, I just spoke to a guy in So Cal (where I live) and yep, Wells Fargo is still doing HELOCs on Investment properties.  PM me if you want the guy's contact @ Wells Fargo.  Full disclosure: I still haven't decided if I'm going to get it or not.