All Forum Posts by: David Edgerton

Oftentimes investors talk fondly of "their first" property, and it's no different when it comes to your own home you're considering for a rental. There's a special attachment that you're feeling. Maybe rather than thinking of it as trying to gain cash flow, think of it as forced savings and debt pay down.

Each state across the country has different licensing requirements, so probably not worth your time/money to get licensed in Texas. You could start to get licenses in Colorado so when you arrive you already have everything and can hit the ground running. There's still plenty of RE investment activities you can do in Texas that do not require a RE license, like wholeselling.

Let me see if I can help you out and explain how they do this. The Lifestyles approach is to us a Hard Money loan (also called a bridge loan or a short term construction loan or a temp to perm loan) to aquire property. Look into this strategy some more, plenty of information on BP about it. Hard Money basically explains why investors want to buy a home at 70% of ARV less repair cost.

Yes, great site, I use it all the time with my clients. It's the first step in the flood zone analysis, then possibly having to get an elevation certificate.

Hi Craig Henry II so just a couple of things here. Where will you be moving to? It sounds like you live in the unit now, and might need a new place. How will you finance your new home? There are lenders that will do FHA loans to owner occupants at 620, but you still have to prove income - which could be difficult as a RE agent. If that doesn't work, try and find an owner finance property and buy/live in those.

Such a hard question to answer, but I'll just try and get this started. An area that is very much under the radar is Deer Park. Great economy and highly rated small school district. That smell out there, it's the smell of money! Not a lot of competition for rentals (unlike Spring, Cypress, Katy and Alief) and no huge REIT apartment complexes. So rents are very strong and lease up very quick. Many older homes that are perfect for a nice rehab. Sit back and cash flow for many years to come.

I like the numbers Mike! It's nice when someone else is paying your mortgage.

@Madison Lowe Houston's MLS created a Geo-Market map that better describes the different zones of Houston and the surrounding area. Check it out here: http://www.har.com/mlsareamap.html

People in Houston should be using these terms to describe the specific zones. Hope this helps.

Hi Paul, the BP Podcast 70 is amazing, explains Subject To in great detail.

Working the expired short sale listings seem like a great way to acquire property subject to. The recent podcast was really informative in explaining Sub To.