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All Forum Posts by: Daniel Tanasa

Daniel Tanasa has started 11 posts and replied 230 times.

Post: New Investor looking to connect

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139
Quote from @Thierno Gueye:

Hi

I am a new real estate investor based in Texas, actively seeking my first buy-and-hold property

1/ Interested in single-family homes (SFHs).

2/ Currently considering standard financing (conventional loan) with 20% down as my investment strategy

3/ Focus on Buy Below Market, if Possible

4/ Target: 10–12%+ Cash on Cash; I will consider 8% if it is a low risk

5/ Plan is to outsource property management

 Hello Thierno, 

Welcome to Bigger Pockets, 

Since you are local in Houston, I think buying here locally will be a good way to go about it. Especially since Houston has so many good things to go for it. 

As far as the return you're looking for, after you pay a property management company, that is pretty hard to find in today's market and most of the time those kind of deals don't sell on the MLS.

I don't want to discourage you, start underwriting deals and you can adjust based on what you see in the market. Is good you have a solid plan, now go put it to work. 

Let us know how it goes. Feel free to reach out if you need any help and I will be happy to point you in the right direction. Good luck!

Post: New Investor / Any Meetups?

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello Kyle, 

Greater Houston REIA monthly meeting is every second Saturday of the month. Is a great place to network with oter people that are active in the market.

If you want smaller events you can check out some of the focus groups like the New Investors and Wholesaler Focus group or the Landlord Focus group that I am a leader for. 

If you're interested in details, feel free to shot me a DM. 

Good luck with your investing. 

Post: Our pictures of an empty house or a house with furniture better?

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello Joe, 

If the furniture looks good and the house is decorated with taste in the pictures you have I would keep that. 

If the furniture is pretty old and doesn't make the house more appealing, taking fresh pictures with the empty house will be the way to go. 

Good luck!

Post: Seeking advice - potential eviction

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139
Quote from @Cristin Andrews:

Quote from @Daniel Tanasa:

Hello Cristin, 

Sorry to hear about your problems. This eventually happens to all of us. 

As Mitch mentioned, you probably want to start the process since you didn't get any answer from him. Start with a 3 day notice to show that you're not playing around, and if nothing happens still, go ahead and start the eviction process. Send me a DM if you need help with the eviction and I can recommend you somebody that can do it very inexpensively for you. 

Good luck! 

Thank you. I’d like to take you up on that referral. I’ve sent you a connection request. 

 Just sent it over to you!  

Let me know how it goes. 

Post: new member from houston, tx

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello @Nkulu Gauthier, 

Welcome to bigger pockets. 

I am a local investor and realtor, working mostly with investors. 

Happy to connect! 

Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

Happy investing! 

Post: Seeking advice - potential eviction

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello Cristin, 

Sorry to hear about your problems. This eventually happens to all of us. 

As Mitch mentioned, you probably want to start the process since you didn't get any answer from him. Start with a 3 day notice to show that you're not playing around, and if nothing happens still, go ahead and start the eviction process. Send me a DM if you need help with the eviction and I can recommend you somebody that can do it very inexpensively for you. 

Good luck! 

Post: Would you JV with somebody i’m just one house?

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello Joe, 

I am on the same page with you. Is easy to do a JV with somebody you don't know very good for a quick in and out wholesale or flip, but is a whole new ballgame to do a long term partnership. If you're just getting to know this person, I will probably try to structure it as a debt partner instead of equity partner.

After you do a few deals together and you get along well and you feel like your long term goals area aligning, you can consider holding some long term properties together. 

Good luck!

Post: Demolition & Junk Removal Business Owner|Excited to Connect and Find Investment Deals

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hey Ryan, 

Welcome to Bigger Pockets!

Looking forward meeting you and maybe work together in some capacity! 

Post: Short term, long term, house hacking

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello Adam, 

Welcome to the Bigger Pockets. 

If you are comfortable doing it, I think househacking is a great way to get your feet wet. And repeat that process every year until your wife tells you enough with the moving.

If you think that is not for you, you can look into buying something the conventional way off the MLS with 20% dow to get started. If you're like most people starting out, you probably don't have an unlimited amount of cash to keep putting 20% down. So after you got your first one and you're more confident that you understand how things are working, you can look into doing the BRRRR method so you can buy 2 or 3 a year instead of 1.

When you get comfortable with the process, increase the speed to 1 house a quarter, 4 houses a year with the BRRRR method, and in 10 year you'll have a really solid portfolio.

Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

Good luck! 

Post: New Member Into

Daniel Tanasa
Posted
  • Realtor
  • Houston, TX
  • Posts 239
  • Votes 139

Hello Pedro, 

Welcome to Bigger Pocket and congrats for taking your first steps in your investing journey. 

As an attorney, I think you may want to focus more on the long term benefits of buy and hold, since I assume you're not in a rash to quickly replace your attorney income with flips. If you have the money to put 15 to 20% down on a deal from the MLS, that is definitely an option to get your feet wet and comfortable with the concepts. After your first one if you feel like you want to be a bit more active you can look into the BRRRR method. This is a great method to scale faster and leave less money in the deal.

I hope this helps. Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

I work with a lot of wholesalers too if you need any recommendation. 

Good luck!