All Forum Posts by: Joe Davis

@John Haveman I am active in the Houston market and can help find SFH deals. Happy to send these on your way to have a look at. My goal is to be able to streamline the process for out of state investors, being the eyes on the ground up until the point of sale or lease (I am currently studying for Realtors license) PM if you want to connect.

@Justin Fox College Station is a bit of a different ballgame in my opinion. I don't know any other towns that quite rely so heavily on the student population. Everything entailed in the conversation above (jobs) go hand in hand with the influx of students - which is never ending (albeit semi-seasonal).

In fact, the growth plans of A&M are ambitious, and I think it's going to be a very hot rental market. I read that it plans on being the largest school in the US. This will mean a regular abundance of readily made tenants (supported by mom & dad of course).

I think there is a lot of sustainability in the CS & Bryan markets and hopefully once I am further along in my Real Estate & Investor career, I will seriously look at buying Mult-family in the area to utilise as student accommodation. 

@Harsh Garg Sounds like you have a great gameplan, and are on the way to executing it! I am in Houston if you ever need any help here. I am an investor (Multi-family) but also studying for my realtors license to work with investors in Houston to assist in overseeing their process, and listing their properties at an investor friendly rate if needed. Feel free to DM to have a chat.

@Leigh Ann Smith has good experienced advice. I think it's not only the rate you are looking at but also the % of occupancy. Leigh, what % of the months are your properties occupied, and what seasons suffer (if any).

Hey, @Lukas Vanagaitis I can't comment on Miami, but I am working here out of the Houston market so can be of any assistance that you might need. I am an investor who is currently studying for my realtor's license. My goal is to specialise in working with Houston "flippers" to oversee a lot of the process. This will include listings once the project is completed, at discounted/flat rates for regular investors. Also happy to work with those out of state, and can be the eyes on any ongoing projects. If you want to hop on a call, feel free to send me a PM.

The Houston market is hot...very hot, and deals seem to be getting picked off pretty quickly. However, the flippers who I am in contact with now are hitting on some pretty great deals. In my experience, it's tough to find at 70% minus rehab costs, closer up to the 80% although they are still around. 

Regards,

Joe

Good luck Geoffrey, do mean what are average rent costs?

Does anyone know the best place to find consolidated lists of all apartment communities that have 100+ units? 

As well as recently getting into MFH REI, we have a recycling business where we give free recycling bins to service these gated in complexes. This is a new approach from us, after being asked by a property management firm to facilitate their requirements.

We are primarily looking at Houston, Austin and San Antonio. and thought some of you BP'ers might know they best place to source these.

Thanks :)

How did this go? It might be worth noting that seller financing only really works if the property is owned free & clear. Otherwise, you run the risk of the original lender activating the "due on sale" clause which is found in most agreements.

If you did manage to get these in KC, what interest rate and how was the financing agreement structured?

How did this go @Victoria Townsend

@Eric Thomson sound great, looking forward to it!