All Forum Posts by: Karl McGarvey

Looking to invest In the Houston Area for small multi family 2-4 units for medium/short term rentals… any houstonians out there doing the same? How are your medium term rentals performing?

I would talk to @Holly Brown. She and I have been working together for a few years, helping people start and grow their portfolios in Houston. She has a MTR inside the 610 loop which performs incredibly well.

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Quote from @Jeyo Punnakottil:

I am trying to sell a house and looking for an investor friendly title company that know how to do ownerfinancing .The title company i use donot do ownerfinacing deals+ wraps.I am from Houston texas.

100% Vanessa Jaster at First American Title. Shes a pro at what you are looking for

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Quote from @Herman C.:

Quote from @Karl McGarvey:

Hey Nikki,

There are a ton of markets within Houston that could be great for rehab, I think the bigger question is what is the end goal of the rehab? True Flip or are you hoping to maximize rents after the rehab? There are still TONS of properties in Galveston Island that would make great rehabs with STR investors always shopping for rentals on the island as one potential exit strategy!

Currently looking for Galveston STR too.

Ill shoot you message!

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Quote from @Nikki Feliciano:

Thank you that helps! Right now I am looking to do a few true flips before I hold anymore. I am new to the TX area and have other properties out west that I’m selling off right now to reinvest here. I sure appreciate the tip!

Very cool! Good luck

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Hey Nikki,

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Quote from @Natasha Lee:

Looking for a wholesaler or RE agent who can offer duplexes in Houston or properties that can be converted into a duplex

Hey Natasha. @Holly Brown and I work almost solely with investors in the Houston/Galveston area. If you shoot me a message we would love to see if we can be of any value to you and helping you meet your goals!

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Houston, Texas

Quote from @Brenda Logan:

I’m looking to sell my condo in Galveston so I posted on a FB group for Galveston. Someone has asked for the financials. Is it proper to send those? I have QB P&L for it but is it common to just give to anyone that says they’re interested?

I do a lot of investor deals in Galveston with my clients and we usually ask for the last 12-24 months of income, and all insurance Decs.

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Morning Saaj!

@Holly Brown and I work Galveston and Houston, working primarily with investors, and also investing ourselves in Galveston as well as League City TX on the SE side of Houston. We both have a lot of experience in both the LTR and STR markets. We might be able to help you out! I will shoot you a message to connect!

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Galveston, Texas

Welcome Chad! Don't forget the MLS... just because it is not off market does not mean you cannot find a great deal. Everything is negotiable! Also try the FSBO filter on Zillow. FSBOs have a tendency to not do a good job marketing themselves so less people that are searching the MLS see them. And never be afraid to build relationships with us agent types! I have experience with my own LTR/STR and have helped numerous clients get their first deal.

Good Luck!

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Houston, Texas

Quote from @Murray Reginald:

Quote from @Karl McGarvey:

Hey Murray,

Lovd the House Hack method! I actually have a client fixing up a house hack that will become an STR in Galveston right now.

I will caution you that renting out just rooms for STR and not whole home on the island is going to limit your visibility and client base. VRBO only accepts whole home listings which is where got the majority of our bookings last year (not the case for everyone). Most families vacationing on the island also want private residence, especially when kids are involved. Even though you'll be moving out after a year, the reason this matters is your first year of reviews will be based on your shared model.

For your AirDna questions, I much prefer PriceLabs. Way more bang for your buck at only $10/ mo for market and property info.

If there is anything else I can do to help with your search let me know! I work with a lot of investors on the island and have personal LTR/STR investment in Galveston!

Hi Karl, Thanks for the information I am very excited about the house hack, I do have a few questions for you:

1) Where is the best place to purchase STR furniture?
2) Did you hire an interior designer to setup your STR?
3) Do you think I should manage the property myself?
4) Do you use a PM if so what is the cost?
5) I see the Hotel Occupancy Tax (HOT) is 9 % is this fee paid by the guest fees?

Shooting you a message!

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Houston, Texas

All Forum Posts by: Karl McGarvey

Karl McGarvey has started 42 posts and replied 725 times.

Post: Investing in Houston

Post: Need an Investor friendly title company

Post: Best areas in Houston

Post: Best areas in Houston

Post: Best areas in Houston

Post: RE agent or wholesaler in Houston

Post: Sending out financials?

Post: Looking to connect with investors/realtors in Galveston/Corpus Christi/ Houston Area

Post: New Investor - Houston, TX and surrounding areas

Post: Newbie Looking For STR in Galveston TX