All Forum Posts by: James Cook

Vamsi,

Where in San Diego is your rental? Is it single family residence? You could perhaps get into a duplex or even a fourplex in the Austin Market and get pretty decent returns. The Market is super competitive though but there are deals out there. I can give you a better answer with more information.  

It's been a while! I did purchase another home and have another rental. I have since my last post became a Broker and achieved an MBA with an emphasis in Construction Project Management. I'm ready to hit the ground running. 

Quote from @James Cook:

@Ryan Hazelwood

I'm 46 I own one Rental SFH (my original owner-occupied home ) I'm in what will soon be my 2nd rental and looking for my third home .

@Ryan Hazelwood

I'm 46 I own one Rental SFH (my original owner occupied home ) I'm in what will soon be my 2nd rental and looking for my third home .

@Andrew Dao I have looked at Hard Money . The Investor who is wanting to Partner is one I have helped flip 2 properties in the past . He has a Partner in Austin who was managing projects but not in Houston. I told him i wanted to start flipping and now here we are ... he is wanting to invest Money for return but not interested in managing the deal . I have GC and properties he has the Money .

Lol . Sorry for typos.. on my mobile phone .. Geez. I helped on FLIPS not “FLOPS”

I’m a Realtor in Houston ,Tx and I flhave finally decide to “get my feet wet” I have helped investors in the past fix and flip and found that my Market Knowledge was very Valuable... here is the situation I have 3 properties that are perfect flips but I looking to JV for financing . I do have one investor whom I have worked with on previous flops as his buyer And listing Agent willing to finance with @ 65/ 35 split but I’m wanting to explore other option before committing. Here are the details in each property Property 1 Short Sale Market value 225k Repairs ~ 18-22k with Materials Offer price 150k **** this is a Listing I am working directly with the bank Property 2 Estate sale Market Vale 205k Asking 150 Repairs 10k Guest house did flood 90% of repairs done on it Main House never flooded does have some issue with Piping and will need some Sheetrock repair as pipeline leaked in to kitchen Masterbedroom. Property 3 Property flooded and Vacted This one is tough it Flood during Harvey And small amount maybe 3 inches didn’t Tax day floods . (It’s my next door neighbor ) Repairs are around 50k Market value around 215k Offer PrIce 115K Lookiing for feedbacK.

What neighborhood are you buying in . I know Norchester and several others flooded homes are still selling.. you must price correctly though ! After Tax Day floods it took 18 months for prices to cone back so expect a hit .

The area is pretty hot right now . I just sold a property close Right across is 78725 ( area is pretty good ) Finding a Rental is pretty tough as prices are on the rise .

Anyone have letters they send to Homeowners they are willing to share ?

Bryan, Hello . I'm James Cook Realtor in Northwest Houston. I would love to help you ! I wish you great success!! Feel free to PM me . James Cook REALTOR Connect Realty