All Forum Posts by: Kevin Wood

@Zoabe Hafeez I live in Montrose as a renter. I own property in Rice Village, Heights, etc. If you were focused on house hacking, but also getting a great property to live in I would try and find a home in Montrose, Rice Village, Rice Military, etc. that has a garage apartment (sometimes these are 2 story duplexes so size can be large). You can either choose to live in the larger unit or live in the smaller one and have someone else pay higher rent.

@Tyler D. I'm from Houston and thus invest in the city. I own close to 10 small multifamilies and manage property for other investors. My advice would be to invest in the city you know the best. Out of your list I agree with Austin. The city is currently overcrowded with tech demand and the city hasn't been able to absorb the growth (imo). Between the other three I would choose where you would most want to live or where you align the most with the industries, communities, etc.

Too often people focus on the short term "what is best". Real estate is a 10 year + game. I'm five years in and just getting started.

@Daniel Showman we've done our last few online, but hope to be back this month!

@LeRoy Grubbs shoot me an email (address in my signature) and let's make it happen

@Vijaianand Thirunageswaram agreed was talking with other investors in my group. There is no harm in applying. Worst case scenario is you are denied and back to where you are right now. Hopefully, the fund value is increased as I imagine there are many people impacted.

@Daniel O'Grady would wait a bit. Most lenders have bumped up underwriting requirements and sellers aren't feeling too much pain right now with the government programs. Once those slow down and things begin to reset some sellers will be pressured to part with property.

For 300k there are a lot of options. You can pick up a portfolio of single family homes, very small (<20 unit) multifamily on your own, or get involved in a larger apartment deal. If you want to talk on the apartment side don't hesitate to reach out.

We manage primarily small apartments (<250 doors). A lot of our product is inside city limits. Will be interesting to see how funded the program becomes. Will update the group here once I see how it goes.

Don't know if anyone else saw this, but you can add your property if you have any tenants in the Houston city limits impacted by the virus. I just got done applying for all my properties and the properties we manage on behalf of other landlords. There is little downside as the no eviction rules only applies to applicants: 
https://www.houstonrentassistance.org/landlords

@LeRoy Grubbs I have a few properties for myself and manage small and large apartments for others in the Houston area. It's a great market, with a lot of different sub-markets offering different risk/reward profiles. Always open to chat if I can be of any help!

Thanks for tagging me @Mark Sewell. @Brian Alfaro I got started in 2015 investing in small multifamily in Houston. At the time I was out in the Bay Area at Google, but grew up in Houston. You should not do any of those coaching programs that are 5 figures. 

I've seen those work for people that would never take action themselves they essentially have to pay someone to take action for them. The fact you are self educating means you probably don't fall into this category. Agree with @Cody L. in that you don't need to know anything to get started. Listen to my BP podcast interview on show 167. I cringe now listening to it.

The great thing about real estate is that it's a great asset class and if you follow basic fundamentals you will be ok. Don't look for homeruns. Look for base hits and learn the business. I now primarily manage property for myself and others in addition to buying property. 

I office near the Med Center and always enjoy meeting other investors. Feel free to stop by some time.