All Forum Posts by: Jay Thomas

Hi Ann!

Great question and just piggy backing on what the other said. Pop corn ceilings are the least of your concerns especially if you are renting it out. I would look into more ways to remove it and get a few more quotes. Also if you are updating everything else I highly doubt a tenant would complain about the texture.  

 Understandably,  popcorn walls are considered "out of date" so I would advise running your numbers again and take maybe $100 to $50 off the rent if you thing the popcorn ceilings will cause and issue with renting 

Hey everyone! 

I am looking to connect with wholesalers in the Houston. I  have some clients who would like some off market properties I'd love to see how we can help each other out. I have very specific criteria to help narrow the search. Leeeets Goooo!!

Hey Steve!

 As long as you do your due diligence and learn about the market you plan to invest in then you can and will be successful. My advice would be not invest "just because" you heard. Make you know everything there is to know about the area of interest, rental comps, cash on return, gentrification in the area etc. Once you find and establish a good relationship with a local realtor you're destine to win!!!  

Hi Siju,

Are you still needing a contact for a real estate attorney? 

Hi Mark,

You can reach out to Marguerite Plesko- 1 (630) 426-9962 she is very vast and knowledgeable in her field!

Hey ! I have seen a lot of investors turn down deals because of the 1% rule without looking at the full picture. In todays shifting market , it has become harder to find the houses that Meet the 1 percent rule now. HOWEVER, rent is currently going therefor in the the near future hour profits will continue to increase. 

My advice now is look what the property of choice can get you down the line, that's what's important . It would suck to purchase a a property that's profiting now but the surrounding area is going down hill.  

 It is full service. They do tenant place, maintenance calls and if the Tenant breaks the lease they replace them for free. I can connect you to the property manager my team uses ! 

Hey Marcus, 

let's connect! We close deals everyday. The Jay Thomas Team would love to get help you get  a investment here in Houston. We just closed on a 14 unit complex and under contract with a 13 home portfolio. 
we look forward to hearing from you!

Hey Robert !! 
Man it's a hard life out here in the real estate world. However, consistency is KEY. Keep networking, your net work if your network. Find a broker or team that will help encourage you be able to feed off each other's energy. The 1st year or 2 are the most difficult. Use this time to find your niche, build clientele and take as many certifications course as possible so you can be as knowledgeable as possible. 

Good luck on your new journey ! 

Hey James! 
The buyer is asking for alot of information before getting under contract. Majority of that they're asking can be found in the MLS like seller information, market analysis etc. However, a list of repairs would be available until you get To inspection at least. Unless it's a As is property and the seller provide a list .