All Forum Posts by: Raj Anand

I closed a SFR in Pine mill ranch, Katy in April. Tenant says that the home has not taken any water yet but it is likely to change as they release more water from Barker reservoir which is overflowing. Obviously, I didn't take any flood insurance, nobody thought of this unprecedented condition.

Fingers crossed and praying for everyone's safety.

Well, I have just used a national lender based out of SoCal to purchase a property in Texas. Reached the lender through Costco. i am rather a noob in investing so, I am not sure if I did the right thing.

My first attempt at real estate investment is now in contract in Katy. Doesn't quite get to the 1% rule for the rental property but I am betting on appreciation looking at the rate at which this area has been growing (now into Fullshear and Richmond).

Need help in securing a good deal on home insurance as the ones I called (like Amica. Farmers) came back with pretty high premiums. Any of my fellow investors have a pointer?

 Sorry, I meant financially. I am looking at single family houses between 220K-260K, current rentals on these are 1600-2000

Hi, I am a noob investory and have recently looked at a number of properties in Katy ISD area with an intention to rent out with some positive cash flow. I am originally from CA and I was under impression that this area had pretty good properties that can generate income but I have not seen anything attractive enough. Have you invested in current market? Are there specific subdivisions that are of interest?

Thanks much for the advice. As I dug deeper, it sure made sense to first build confidence by learning as much as I can. Buying a rental property with reasonable good cap rate (obviously outside CA) seems like a good point to start with lower risk/reward and learn the ropes. I have started evaluated that in Denver and couple of cities in Texas while learning to analyze the local real-estate economic indicators to reduce my risk exposure.

Other than buying my first house in 1999, I haven't done a single real estate transaction. I live in Santa Clara and am software consultant by profession so most of the real-estate jargons are greek at this point.

But I am willing to learn, and was wondering if a 3 months course for a real-estate agent license makes sense even if I really don't want to make that my primary profession (I am told it does not pay very well :).

Investments are a different game for sure. Will it help if you have a realtor license and save costs on the deals that you do?