All Forum Posts by: Lyall Storandt

Greetings!

We have a great new property available in the Marilyn Estates area of near SW Houston.

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $299,900.00

Rehab: $110,000.00

ARV: $550,000.00

Sherman Bridge out-of-pocket expense: $67,410 / Estimated pure profit: $73,566 / Cash-on-cash return: 39%

Square footage: 2,596

Bedrooms: 4

Bathrooms: 3

Garage: 2

Year built: 1964

Greetings!

We have a great new off-market property available in the Quail Valley Thunderbird North area of Missouri City (Houston suburb).

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $125,000.00

Rehab: $25,000.00

ARV: $195,000.00

Rents: $1,700 / month

Sherman Bridge out-of-pocket expense:

- Flip: $27,611 / Estimated pure profit: $24,674 / Cash-on-cash return: 44%

- Rental: $18,383 / Estimated monthly cash flow: $655 / Annual ROI: 37%

Square footage: 2,269

Bedrooms: 4

Bathrooms: 2

Garage: 2

Year built: 1978

Greetings!

We have a great new off-market property available in the Memorial Chase area of Spring (Klein ISD). (Houston suburb.)

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $119,500.00

Rehab: $20,000.00

ARV: $175,000.00

Sherman Bridge out-of-pocket expense: $26,344 / Estimated pure profit: $16,799 / Cash-on-cash return: 34%

Square footage: 2,334

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1973

Greetings!

We have a great new property available in the Fondren Southwest Northbrook area of SW Houston.

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $159,000.00

Rehab: $25,000.00

ARV: $230,000.00

Sherman Bridge out-of-pocket expense: $35,289 / Estimated pure profit: $21,130 / Cash-on-cash return: 33%

Square footage: 2,125

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1966

Greetings!

We have a great new property available in the Oak Forest area of near NW Houston.

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $259,900.00

Rehab: $100,000.00

ARV: $465,000.00

Sherman Bridge out-of-pocket expense: $58,252 / Estimated pure profit: $48,967 / Cash-on-cash return: 29%

Square footage: 1,759

Bedrooms: 3

Bathrooms: 2

Garage: 2-car detached

Year built: 1949

Greetings!

We have a great new off-market property available in the Ashford South area of West Houston / the Energy Corridor.

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $231,500.00

Rehab: $27,000.00

ARV: $325,000.00

Sherman Bridge out-of-pocket expense: $51,695 / Estimated pure profit: $31,165 / Cash-on-cash return: 37%

Square footage: 1,914

Bedrooms: 4

Bathrooms: 2

Garage: 2-car detached

Year built: 1969

@Account Closed What's the percentage of total jobs that are in tech in silicon valley vs. the percentage of total jobs that are in oil & gas in Houston?

Did you read something that said Houston lost 38% of its oil & gas jobs?

Greetings!

We have a great new off-market property available in the Westpark Village area of West / Southwest Houston.

**Preference will be given to cash buyers who can close this month.

Give me a call directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $89,000.00

Rehab: $25,000.00

ARV: $145,000.00

Sherman Bridge out of pocket expense:

- Flip: $20,896 / Estimated pure profit: $13,873 / Cash-on-cash return: 56%

- Rental: $15,927 / Estimated monthly cash flow: $388 / Annual ROI: 25%

Square footage: 1,869

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1982

I think others have already stated this well, but here's some additional perspective: the sky isn't falling.

As @Steve Rozenberg stated, folks will always need a place to live. And, as long as that's the case then there will be money to be made by investing in real estate.

As @Joel Owens stated, any dips in sales volume or prices need to be taken into account along with the historic run-up of sales volume and prices over the past several years. I'd add that the same logic needs to be applied to any job cuts in the area. What you will hear on the news is the big number of lay-offs, but you will not hear them counter these numbers with the huge boom in hiring in the years prior.

Whenever the "market" goes left, the real buyers, who are well capitalized, are chomping at the bit to go right. Like Steve said, when the market is down, real estate goes on sale compared to the recent historically high prices.

What I would love to see, as an active player in the Houston investment market, is a drop in the percentages that we're able to acquire and sell deals at. When I started in real estate back in 2011, we were doing deals in the low-to-mid 70%'s and it hasn't been uncommon to see investors paying 80%+ in certain areas over the past 2+ years. I'd love to see those percentages come back down to the 75%-range. I think it'd be good for everyone involved except the current owners of distressed properties.

The advice I typically give to investors is that as long as you're buying right for the current market conditions, you will be fine. Bonus points if that house you were planning to flip could also work well as a rental. Extra credit if you can owner-finance it.

The last thing I'll say also echoes one of Steve's points: when the market is "up," flips are better because it's a seller's market; when the market is "down," rentals are better because it's a buyer's market.

Here's the link to the Greater Houston Partnership's latest Economy At A Glance for anyone interested in the actual data surrounding the health of the Houston economy: http://www.houston.org/pdf/research/quickview/Economy_at_a_Glance.pdf

Greetings!

We have a great new off-market property available in the Westbury 3 area of Houston.

Please call me directly at 405-361-1341 if you're interested in this property and have a verifiable proof of funds!

Price: $189,000.00

Rehab: $65,000.00

ARV: $335,000.00

Sherman Bridge out-of-pocket expense: $42,192 / Estimated pure profit: $39,416 / Cash-on-cash return: 34%

Square footage: 1,828

Bedrooms: 3

Bathrooms: 2

Garage: 2

Year built: 1958