All Forum Posts by: Richard Mcatee

 I'm looking anywhere that's up to 1 hour driving distance from IAH. 

 Hey Wale,

Thanks for the reply, What kind of strategies are you using on you investments? Do you own anything in those areas or where do you invest?

 Hey Holly,

Thanks for the reply. I really like the SFR with garage apartment idea. Sending you a PM.

 Hey Dylan, Thanks for the reply! I will definitely look into those areas. Out of curiosity what is the going rate for a monthly room rental here in Houston? Also would love to learn more about the monthly meetings you host. Can you send more info? What time do you guys meet?

Thanks,

Ricky

Hello Everyone,

I just moved to the Woodlands area, from Fort Lauderdale, Florida. I am currently renting an apartment until I can learn the area and buy my next deal. I am very new to real estate investing and this would be my second deal. I currently own a duplex in Fort Lauderdale right now. I used to live in the front half and air bnb out the back half. Now that I have moved to Houston, I rented the front half out as a long-term rental and the back half is a STR on air bnb. It's currently cash flowing about $1000 a month and has been a great deal. I attribute most of my success because I had an amazing realtor Heidi Braunhardt of Fort Lauderdale who spoon fed me a lot of information and mentored me through the whole process. Look her up if you are investing in south Florida. I met her on here. She is AMAZING!

I would like to use the same strategy here in Houston and purchase another duplex or triplex where I could live in one unit and rent out the others either STR or LTR. I have not seen too many multifamily in this part of Houston. Are there any areas that anyone here can recommend I look at that would be safe to live in as well as rent out?

My second idea would be to buy a single-family home with a detached garage and convert the garage into an apartment to have another LTR or STR.  Does anyone have any experience with this in Houston? Is it easy to get permits for and allowed in certain communities? If so, where would you recommend, I look?

My last idea would be to buy a single-family home and house hack. Does anybody have any experience with this in Houston and recommend any areas I should look at?

Lastly is there anything I am missing here? Anyone on here with any recommendations on something I haven't considered? Also, anybody have a good realtor recommendation for the area?

Thank you so much in advance, 

Ricky

Thanks for the info Ned. You are right. I’m gonna keep looking and try to find something that can reduce my cost of living and at least get started on my real estate journey. 

Hello everyone my name is Ricky and I'm in the process of buying my first investment property as a house hack. I'm looking to use my VA loan benefits. I travel for a living so I'm not home much maybe 6 nights a month. With my job I could be based out of Orlando or Fort Lauderdale. I would like to be within 30 minutes or less of either Orlando or Fort Lauderdale international airport. An Uber ride distance would be even better. I'm currently renting in Dania Beach and would like to stay in the area but it's been hard to find a property that cash flows or comes even close under a long term rental. I would like to do a multi family and rent out one side and use my side as a STR when I'm traveling. Does anyone here have any experience with STR in the area or any suggestions?

Thank you