All Forum Posts by: Account Closed

Hi,
So I have an verbal offer we made for a flip in Sugarland, TX.  Could you take a look below at the analysis and the photos as well?  We estimated 40k for the rehab just based on square footage so far.  The owner is looking to sell fast.  Let me know your thoughts, thanks in advance!

@Andrew Dao here's the post!

https://www.biggerpockets.com/calculators/shared/5...

Sorry to just follow up on this:  The house was sold for way higher than my offer, I suppose it was a buy and hold investor.  Tough luck.  @Shaun Vembutty thanks so much for offering to help!  If you don't mind, I'll call you once I get a deal in play.

@Robert Youngquist I'm interested in this property.  Can I call you about this property?  What's your contact?

@Bukola O. thanks for the link!  I had no idea how bad the flooding was during the flood this year in the Brazos.  This give me a good idea of what happened to the property.  Found photos here on the website too:

http://fbcdd.maps.arcgis.com/apps/View/index.html?...

@Fred Heller That's a good point, this property is pretty close to the Brazos.  I'll investigate.  Thanks for the tip!

@Daniel J. there's also crime areas to be aware of there.  I've been using Trulia.com and looking at their crime map on each property to make sure.  It seems areas near McGregor is safe.

@Sarah Kline I was looking at a four unit there as well but was too late on the trigger, just south of TSU.  It's under contract now.  Please let us know how it goes for you guys!

I have friends who live near the floor plain and looked at  properties in the floodplain. He tells me after a property has been flooded twice,  Insurance companies will not ensure the property anymore. This is especially the case after the recent Houston floods. That's something you have to keep in mind. Maybe talk to an insurance agent first.

Hi BPers in Houston Metro area, I'm putting in an offer on a small multifamily in Rosenberg TX.  The numbers look pretty good and it's a lower rental property.  But I'm curious as to your thoughts on the rental market and the economy of Rosenberg.  care to pitch in?

@Catherine Decker thanks!

@Catherine Decker thanks for the link.  I got the forms, great!  So did you ever use their attorney for their services?