All Forum Posts by: Morgan Tondre

@Morgan Tondre appreciate that I look to register as a GC january 1 in Houston. Looking to move to Houston in April 2025. Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.

So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips.

 I'm leaning more towards the Montgomery, Richmond, and Pearland area. I'm looking for an agent that is intimately aware of these markets. It would be great if you can share or make an intro to anyone that knows these markets.

I haven't looked at College Station yet. I'm trying to start off with something closer to Houston as my first property, but will keep College station in mind for the future.

Hey All, I am purchasing my first rental property in Katy TX (not in 100 or 500 year flood zone). It's a 4 bedroom SFH for $325k, built in 1990 and it's got many upgrades including a 2024 roof. I plan to rent it as soon as I close. I got a few insurance quotes but most of them have deductible at 3-5%. That just sounds too high to be paying up to $10k-$15k in deductible. I want to learn from experienced landlords here, how much deductible should we choose?

Just got my Insurance renewal quote for dwelling policy (landlord). It went up 30%!!! Looking for insurance agent referrals that you use for new Dwelling Policy quotes

“All this to hopefully cashflow a few hundred $$ a month, doesn’t seem worth it.” If you think that is the expected outcome of owning rental property, you should either learn where and how to buy, or invest elsewhere. Best of luck to you.

@Steven Olivas

I would BRRRR something, but that's just me, and the market is VERY tough right now. I've made a few offers in the last few months on very distressed properties, and I keep getting outbid.