All Forum Posts by: Mark Sewell
Mark Sewell has started 18 posts and replied 1082 times.
Post: What is your buying criteria for cash-flowing rentals in Houston?

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
Post: Houston Market place

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
I agree with Cody. Katy schools, Spring Branch/Memorial and Bellaire are known as good schools in this area. I am sure there are others, no disrespect intended to any local alums : ) But the market has already factored in the 'good schools' aspect.
Post: Home Inspectors Houston

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
BPG Inspections. I like Murray Campbell but they have quite a few inspectors over there. (800) 285 - three-zero-zero-one.
Post: Three options for advertising?

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
Post: Houston investor looking to buy first rental home

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
I agree with @Brian Alfaro and in fact I would say that some of the deals I get from wholesalers are worse than some of those I find on the MLS.
Here is the thing with the MLS that newer buyers tend to forget -- the realtor isn't stupid, and they know there are a gazillion investors crawling around everywhere, many of whom are willing to overpay. And even in a normal market, they will add on what, 8-10% to the sales price just to leave room for negotiation.
So go spend a weekend making offers. I am mean, seriously, go hard, make like 50-100 of them. Not saying spam them or use some arbitrary formula (though I know a local guru that teaches exactly this) but just see if you can get a few of them to counter.
If you aren't embarrassed about the offer you are submitting, then you are offering to pay too much.
If it doesn't work, then you have just put your name out to 50-100 local realtors that list the kind of properties you are looking for. And this brings me to the excellent point that Vijai just made above -- probably the only cost effective way to get deal right now, in this market, is networking. Do it here on B.P, go to meetups, talk to realtors, be relentless. Somebody will get one, eventually, where the numbers are good but the timing is wrong for them, and they will want to hand it off to somebody that they like. Be that person.
Post: Code Violation Leads List in Houston TX

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
Brandon Ray - let's connect.
Cody is right, to some extent - but this list might be good when 'stacked' with other lists.
Post: Houston Realtor & Insurance Broker looking to invest and connect!

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
Hey Vin, thanks - yeah I'm going to need some landlord insurance at the end of the month. I will reach out.
Post: Need help with BRRR in Houston...

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
I have one I can recommend... I will reach out and connect.
Post: How to A/B test voicemails from direct mail campaign

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
Richie try Call Rail. You can set up workflows however you like. Not expensive either.
Post: What is your buying criteria for cash-flowing rentals in Houston?

- Investor
- Houston, TX
- Posts 1,145
- Votes 871
Yeah, NW Houston is pretty much what everybody is looking for. You might be looking for awhile.
The deal you describe is out there but it might be in Pasadena or Missouri City or someplace. You are might to need to toss out or modify a couple of those parameters - at least one of them.
We should go have a brewed beverage. I actually did get a pocket listing exactly as you describe - partnering on it with another buddy here from BP, actually. So keep networking - it is probably the only cost effective way to get a deal right now.