All Forum Posts by: Holly Brown

Thank you for sharing your story. I completely agree with you on completely shutting the water off at the main and draining all the lines. Since the storm, we have taken pictures of the main water shut off at all the homes and created a quick How-To guide for all the properties to pull and email over if this were to happen ever again.  We have also been insulating all of the exterior pipes as a further preventative measure. 

I only had one pipe burst and it was a sprinkler system but did have the unfortunate timing of the furnace going out at another property. Overall, everyone is back up and running and we came out just under $3800 in repairs / preventative additions. Thankful to have that Cap Ex acct on standby.

Stewart Title is investor friendly. I have a few contacts there if interested. 
I also have a real estate lawyer in the Texas City area that will do transactions for a very reasonable price. They are my go-to for all owner finance deals we do.

Hi Cassandra,

I would highly suggest you speak to @Andrew Roth about the Texas markets. He recently visited each one to educate himself on the different areas and is now a wealth of knowledge.

If you find yourself in Houston or Galveston, I am happy to help in any way I can. 

@Timothy Church is also in Galveston and knows the island VERY well. 

I agree with @Mark Brown, in that you should underwrite as if it were taxed at market value. I have had the same experience and was glad I had accounted for the increase. 

One thing to note if you are planning BRRRR. The appraised value when you refi is not as accessible, thus in the past when I have refinanced, the taxes have remained at the purchased market value with standard increases and have not seen that large increase to the new market value. Another reason to BRRRR in my opinion

Thank you to everyone that has shown interest. We are planning an upcoming virtual meeting in December. For those that have been to our in person, we know it won't be the same but are hoping to connect virtually at least for the next few months. If you are interested in that, please PM me with your email address so we can send out the zoom link. 

We may also resume the in-person meetings in a smaller outdoor setting as restaurants are allowing only 10 or less. 

Hi Cory, I just sent you a direct message. Im local here in Houston and happy to help you in any way I can

@Brandon Geddie Absolutely 

@Giuseppe Colucci Absolutely. : )

It’s in the new arts district. Sawyer Heights/Old 1st Ward. Purchased for 350k and it appraised for 425k when I refinanced in July due to the low interest rates.  

@Landon Wright

Hi Landon,

Welcome to Houston!

I hope I am not overstepping but is there a specific reason you are choosing the museum district? There are a few neighborhoods inside the loop and just outside the loop that have been gentrifying quickly with the help of new businesses. With that gentrification, I think you could get the appreciation you are looking for, rather than an already established neighborhood. The museum district is great if you are needing to be close to the med center.

I am currently house hacking now so if you have any questions, I am happy to connect.