All Forum Posts by: Chris Kersey

Great idea starting your journey into RE investing. It sounds like you are off to a great start trying to learn as much as possible and playing the long game. Those two factors alone will pay off down the road. I would suggest finding a local meet up to go network with peers in your area. Also, listen to podcasts regularly on RE topics. BP has some great pod casts that helped me gain confidence when getting started but also help me now by keeping me up to date on current topics.

Feel free to reach out of you have any specific questions. I'm a Houston RE investor, developer and real estate agent. I work up North in your area as well.

- Chris Kersey

0 Votes

Houston, Texas

Hey Randy,

Welcome to BP and great idea considering Real estate to supplement your income.

To achieve cash flow in this high interest rate environment, it will take finding/making a great deal or putting more money down. I would focus on properties with more than one unit to maximize cashflow.

There are actually some decent looking duplexes available in central/east Conroe area currently. Most other duplex type homes are in the central Houston area.

I'm a realtor, investor and developer in central Houston but work with investors all over Houston. I currently have 2 homes under contract in your area for an investor (Spring and Conroe). Feel free to message me if you would like to jump on a call.

- Chris Kersey

1 Vote

Houston, Texas

Hey @Junaid Javaid,

I'm an agent, investor and developer in central Houston. I'm open to grabbing a coffee when you are in town to see what potential synergies we may have.

0 Votes

Houston, Texas

Welcome to BP. I'm an agent in central Houston!

0 Votes

Houston, Texas

HI @Seona Joung,

Great questions and welcome to Houston soon!

To answer your questions-

1) How are the townhomes/condos in terms of appreciation? These assets do appreciate, but in my opinion, not as fast as single family, detached houses with bigger lots. The townhomes usually sit on very small lots and a lot of value is found in the dirt in central Houston. There are also many new construction townhomes all over Houston, so if/when you go to re-sale, most people can buy new for just a bit more (if not the same) than buy your used townhome. Both of these factors can negatively affect appreciation.

2) I have seen many new construction homes in Spring Branch. What do you think about these new houses vs older houses in heights/montrose? Is there a chance that the price will go down? I'm a big fan of the Spring Branch area for being in the path of progress and future appreciation. The Heights/Montrose appreciate as well, they are just much more inflated prices currently. There is always the chance of pricing correcting.

3) Any other insights / tips are appreciated

Other things to think about:

A lot of value is in the land. Find a house on a bigger lot.

Schools zones are important. A higher rated school zone will help the home appreciate more.

Flood zone- check this when buying a home.

Freeway access- be within a couple miles to a major freeway (i-10, 290, Beltway 8)

Feel free to reach out with any other questions. I am a real estate agent, investor and developer in central Houston.

- Chris Kersey

3 Votes

Houston, Texas

Hey John,

I am a local real estate agent, investor and developer in Houston. Feel free to reach out with any questions you have.

- Chris Kersey

0 Votes

Houston, Texas

Whats up Keith!

Welcome to BP!

0 Votes

Houston, Texas

Hey Phil,

Most of the small multi family for sale is located centrally in Houston. I just did a quick search on HAR.com for Brookshire and it looks like there was a pending duplex and an active 4 plex (katy). This site will also give you neighborhood data such at school ratings and other info.

I'm an agent, investor and duplex developer in Houston. Feel free to reach out of you have any other questions or need some help finding a good investment.

- Chris Kersey

1 Vote

Houston, Texas