All Forum Posts by: Jonathan Halverson

Texas Realty Club is happy to announce Callum Kerr as guest speaker for the January Workshop. Callum is a serial entrepreneur based in Tulsa Oklahoma.

He got his start with Class A single family properties and has since moved into mini-storages, apartments, and bulk buying condos. At the end of 2016 he owned 16 single family properties and has added more than 100 doors in 2017! Wow!!

Callum has much to share about scaling up and investing in “slower” markets like Tulsa County. You won’t want to miss the insight and wisdom Callum provides in this informative talk.

• When: Wednesday, January 24th from 6-8pm
• Where: Keller Williams Clear Lake Training Room, 18050 Saturn Ln, Houston, TX 77058 - Look for the Texas Realty Club sign on door
• Cost: $0
• What to do: RSVP to this post, bring a friend

Call or text 832-851-7091 if you have trouble finding us!

Empowered & Engaged

The Texas Realty Club networking group was founded to provide a face-to-face social platform for real estate investors to share knowledge, resources, and opportunities. Our mission is to educate, encourage, and call to action its members to contribute to one another’s successes.

We do two things – 1) a monthly workshop-style meeting where we have guest speakers followed by open discussion, 2) a monthly social where we gather for a more casual networking experience. Everyone's welcome!

***Update*** We have decided to cancel tonight’s event due to the possibility of ice on the roads. Hope everyone stays safe and warm today!

2018 is here and it is that time of month where we enjoy drinks and food and have casual conversations about the wild world of real estate investing!

• When: Tuesday, January 16th from 6-8ish
• Where: La Brisa Mexican Grill - 501 N Wesley Dr, League City, TX 77573 *Under the giaint Palapa in the back
• Cost: Always free, you buy your drinks and food (optional), we'll buy the guacamole!
• What to do: RSVP to this post, bring a friend

Call or text Robin (281-705-4307) or Jonathan (832-851-7091) if you have trouble finding us

Empowered and Engaged – The Texas Realty Club networking group was founded to provide a face-to-face social platform for real estate investors to share knowledge, resources, and opportunities. Our mission is to educate, encourage, and call to action its members to contribute to one another’s successes.

We do two things – 1) a monthly workshop-style meeting where we have guest speakers followed by open discussion, 2) a monthly social where we gather for a more casual networking experience. Everyone's welcome!

@Adam R. used the 60 multiplier as a way to account for operating expenses. The 60 number comes from assuming 50% operating expense over 12 months at a 10 cap (0.5*12*10=60). 50% operating expense is conservative for a mobile home park, I think they typically run in the 35-45% range. 

I assume your net operating income has already accounted for operating expenses, so the 60 factor would not be applicable here. You are correct in stating that if the NOI is $110k, the valuation would be $1.1M at a 10 cap. The most common mistake I see when looking at NOIs on a MHP is the entire rent amount for park-owned homes being used in the calculation. As mentioned above, only the lot rent portion of the park-owned home rental income is applicable to the NOI.

I've been sending out mailers to Galveston County for a little over a year now. It's been a pretty small scale operation so far, but I was able to close two deals from it last year.

1) Formal letter followed by postcards

2) Probate

3) ~1300 total

4) Formal letters monthly, postcards quarterly

5) Around 2%

Good luck with your campaign!

@Kevin Domschine This is a monthly meeting that we have. We typically have a social event one week and a workshop event on the last week of each month. With the holidays, we have only had the social event this month and last. We look forward to meeting in the new year! 

If you want, you can PM me your email and we'll add you to the mailing list. Best of luck with the new company!

Great, look forward to meeting!

Next Tuesday the 19th will be our December Social and last meeting of 2017! Come have a bite and a drink and meet like-minded real estate investors in the Houston area. Since it’s the end of the year, let's talk about 2017 successes/lessons learned and 2018 goals! This month we’ll be meeting at 6pm at La Brisa's in League City out in the yard (21 and up please). Be sure to respond to this message so I can be sure to grab enough space and appetizers. TX Realty Club Social Cost: $0 + your own drinks and food (I’ll buy the appetizers) Date:December 19th Time: 6:00-8:00pm Location: La Brisa Mexican Grill, 501 N Wesley Dr, League City For RSVP or more details: email, call, or text: Robin Williams 281-705-4307 Jonathan Halverson [email protected] 832-851-7091 Empowered and Engaged – The Texas Realty Club networking group was founded to provide a face-to-face social platform for real estate investors to share knowledge, resources, and opportunities. Our mission is to educate, encourage, and call to action its members to contribute to one another’s successes. We do two things – 1) a monthly workshop-style meeting where we have guest speakers followed by open discussion, 2) a monthly social where we gather for a more casual networking experience. Everyone's welcome!

This Thursday the 16th is our November Social! Come have a bite and a drink and meet like-minded real estate investors.

This month we’ll be meeting at 6pm at La Brisa Mexican Grill in League City just off Gulf Freeway near Main Street (518). Park in the rear of the restaurant and we'll be under the palapa. Be sure to respond to this message so we can be sure to grab enough space and appetizers.

Cost: $0 + your own drinks and food (we’ll buy the appetizers)

Date: November 16th

Time: 6:00-8:00pm

Location: La Brisa Mexican Grill, 501 N Wesley Dr, League City

For RSVP or more details email, call, or text:

Robin Williams

[email protected]

281-705-4307

Hans Thurau would you be interested in anything in Kansas City, MO? Or would you pass on that because of possible tornados?