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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 6 times.

Post: 1st BRRR deal, do you pay cash?

Account ClosedPosted
  • Houston, TX
  • Posts 6
  • Votes 0

@Jon Schoeller thanks Jon!

Post: 1st BRRR deal, do you pay cash?

Account ClosedPosted
  • Houston, TX
  • Posts 6
  • Votes 0

Question you guys.

I'm am interested in rental property home investing. But I'm a little fuzzy on how to pay for my first BRRR.

In the first BRRR, do you pay for the property in cash and pay for the rehab in cash? Or do you put a down payment and get a mortgage and then refinance after rehabbing?

Post: What is your buying criteria for cash-flowing rentals in Houston?

Account ClosedPosted
  • Houston, TX
  • Posts 6
  • Votes 0

@Cody L. Thank you!

Post: Can you break a lease if you bought a house?

Account ClosedPosted
  • Houston, TX
  • Posts 6
  • Votes 0

@Alex Ramírez what area were you able to find a duplex? I'm interested in buying duplexes as well.

Post: What is your buying criteria for cash-flowing rentals in Houston?

Account ClosedPosted
  • Houston, TX
  • Posts 6
  • Votes 0

@Cody L. Thanks Cody for your help! This helps. If you don't mind me asking, how were you able to pay them off since you've only had them for 10 years now?

Also, im super interested in multi-family homes, like a duplex. In your experience, What's an area in houston that has duplexes? I've only found the montrose area, and even that area the homes don't drop less than 400-500k.

Post: What is your buying criteria for cash-flowing rentals in Houston?

Account ClosedPosted
  • Houston, TX
  • Posts 6
  • Votes 0

@Axel Norvell Hi Axel, I live in the montrose Houston area. I am looking to buy rental properties as well. I've been looking to see what's a good area in Houston buy, considering it's a big city.

I'm your experience, what is a cheap area to buy that will rent for around 1000-1200 in a good area with low crime rate?