All Forum Posts by: Quinn Olivarez

They are literally all good, it just depends on what you need to learn. Don’t overthink it. Just buy them, and thank me later 

most of these new construction neighborhoods get filled up with buyers rather than renters. Additionally, migration to Houston from outside of texas keeps these properties moving. I don't see the rental upside in these markets. How many folks (edit: in suburban texas, a historically affordable place to live) want to live near a golf course but can't afford to buy? For that property, STR could work if it's allowed and if you have a good infrastructure for it out there.

I don’t think anyone here can reliably tell you if you will get steady rental income in this area. Build to rent is also increasingly popular among texas builders, so you will have competition. 

Growth / income: many folks in this area work in either oil/gas or in the medical field. Many of these folks can afford to buy homes in this area. The lower income folks tend to live closer to tomball. 

have you read the HOA terms for the porter property? Sounds like it could be a good STR opportunity. Good luck!

Howdy Shan, I would recommend reaching out to my broker at J. Lindsey Properties. It's an investor-focused brokerage, so we primarily work with other real estate investors, and many of the agents (including myself) are investors. The splits are incredibly low (I haven't seen lower) and fair, and her professional support is great. Message me if you'd like some more information, and no, I don't receive any compensation for recruiting another agent. 

Howdy Shaun! I'm curious where you're getting information that implies you can make $1850 / unit in Sunnyside? That seems really high to me, even for a new build. 

Legally operating a business out of the property is one non-traditional style of house hacking to consider. I would also try to revisit the ADU notion thoroughly. Investing is about long term outcomes, not short term pleasures. If you're with a partner who is creating artificial barriers to sound investment decisions, then it will be on you to work on your partners frame of mind, or, to reconsider what partnership means to you and what kind of sacrifices it ought to come with.

Attend local real estate meetups hosted by these lenders. Attend meetups hosted by your local REIA if there is one. Start a meetup with other interested parties and the invite your local hard money lenders to give a presentation. Just a few ideas, good luck

J Scott’s “estimating rehab costs” is a great book. Going to Home Depot to price materials, and calling local contractors to get quotes on some of this stuff, is definitely your best option. You could start with Google, Yelp, BBB. Go to local trade events like meetups to find more folks. I meet lots of talented professionals at real estate meetups, ranging from roof to foundation and everything in between. Good luck 

STR is definitely more time consuming. Up front costs can be a lot higher too, when you factor in furnishings and appliances. LTR is more simple to manage on a day to day basis, but, you run the risk of bad tenants that can be hard to remove.

It’s probably best for you to take care of pest control in a way that is appropriate for your area, and factor the expenses into the cost of rent for your tenants.