All Forum Posts by: Richard Damian

 Micheal , what area  is the houses located ?    sounds good , the rent is going up in Lawton , 

Christina , did you buy the property done here ?? i have been investing in lawton , going on 3 years now , everything going great , just closed on an 8 plex 2 weeks ago , trying to close on SFH and a 4 plex , let me know if you came down to Lawton

still in lawton , buying and selling , going on 3 years now , did you invest in anything ? i just closed onan 8 plex 2 weeks ago , currently trying to close on SFH and 4 plex , let me know if you came down , thanks

Ali , i live in Houston , great place for rentals , the rents in all areas are great  , but alot  of competition right now , alot of investors and companies bringing  up the prices  to  flip or rehab  , i have 4 rentals here , but started investing   out of state  about 3 years ago  , but i am always looking  to find a deal here in Houston  , you just have to   react quickly  , hope that helps  , thanks 

Craig  , if you have money saved try a conventional loan ,20% down    or if you have equity in your house , try a cash out loan  , either way  you can have cash to get started  , then do alot of research  in your area , rents  , comps on house for sale  , contractors  , rehab costs    , good luck  ! 

ALOT of realtors here in Texas start investing ,  it's a good hustle  , good luck with your first investment  .

add the rehab cost into the loan , alot of lenders will let you add  the cost . then you can always refinance after your done .

what is the ARV , then add the rehab cost and see what the rents are in the area , if all the numbers add up , then go for it ! you have to start somewhere and you already have the remodel and junk removal covered , just keep track of all your cost and set the budget once you get the numbers , good luck !

i agree with Lawton ,Ok    , the rents are not as high in some areas as OKC   , but the prices for homes in some areas are very low  , you have to compete with rent  on military housing , not to bad , i have been investing from out of state ( Texas ) going  on 3 years now , good luck

i have been investing in lawton  , going  on the 3rd year here , good market , but very tricky on areas , very chopped up areas ( good /bad )  but get with a good realtor  and they can help  , money to be made , still here investing  , out of Houston Tx