All Forum Posts by: Michael David
Michael David has started 2 posts and replied 21 times.
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
Originally posted by @Darien Gipson:
Wait, now I'm confused..by "REALTOR" do you mean what TREC calls a Licensed Real Estate Salesperson? How is being a REALTOR different from getting a real estate license? Is it Broker sponsorship?
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
Post: Real Estate License
- Houston, TX
- Posts 21
- Votes 8
Originally posted by @Joe Fairless:
Okay, I was being too cynical...I had just gotten done reviewing the latest new foreclosure listing on a local MLS and what I saw available may have had something to do with it. ;-)
Do good agents also provide comps for both sales and rents?
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
Originally posted by @Sandeep S.:
And as you gain more experience - you may be able to find even better deals. However, getting conventional financing gets harder with every new loan (esp. after first 4). I suggest you focus on deals that can net you $400+ per month and then aim for your goal to be met with 4 rentals (not 10) :-)
Good luck!
That would be a dream come true! What makes it harder after the first 4? To much debt?
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
@Cuong Le:
Create keywords like "Houston" to get alerts about topics you want to read and listen to podcasts like 33 and 48 to get started.
You can definitely get your pre-approval letters from lenders so you can see how much property you can buy. Glad you're on board!
Thanks for the tip on keywords and I will check out podcast 33 next (1 started listening at pdcst 47). Any recommendations on Investor friendly lenders?
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
Will do...Thanks @Sam Craven!
Post: Real Estate License
- Houston, TX
- Posts 21
- Votes 8
Total newbie here so please forgive my ignorance, but I've read where an investor found it very useful to have "direct access" to MLS listings and that in order to have that direct access they needed to be a licensed "Investor Agent"...Is this not the case? Does it vary by state? And by "direct access", I'm assuming that those who are licensed with direct access to the MLS listings have the ability to submit bids directly.
I guess that I have difficulty imagining a "great" agent that would pass on a "great" deal rather than scoop it up for themselves...too cynical?
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
They look perfect! Thanks for the recommendation and congratulations...does this mean that you are now able to access MLS listing services directly?
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
Hello Darien, Thanks! I have read it (a couple times now) and probably need to re-read it again :þ
I guess I'm looking for what types of actuals those in the buy and hold are getting...or if I should focus my efforts in another niche. Also, I’m wondering about some of the paths available to becoming an Agent Investor...Any recommendations about where to take real estate courses to become licensed in Texas?
I have experience remodeling commercially having built a couple Laundromats (provided a lot of experience dealing with the city) but residential is a different kind of animal...
Post: New to BP we're in Houston, TX - Buy and Hold, Handyman
- Houston, TX
- Posts 21
- Votes 8
Hello All,
Sitting in my cubicle and looking for a way out...Wondering what the best path is for taking that first leap. I estimate 10 buy and hold properties that average a net $200 a month would be just enough to enable me to pursue real estate full time. Are these realistic expectations?
Excited to be here. :)