All Forum Posts by: Ryan Terwilliger

Seller is very motivated to sell this property in the Cypress, TX area. Link below. Please call me with any questions or if you are interested. I can can do a quick show.

http://www.har.com/17319-red-river-trl/sale_918692...

Those area are highly competitive. I prefer to direct clients to areas of growth. The big box stores coming into an area is a good sign IE Walmart, Costco or even Starbucks. New construction builders will even let you buy a few homes at a time and you will not have any rehab to do.  

I keep seeing people wanting to know where the deals are in Houston. Did you know that there are more than 40k RE agents in the Houston area? Yes, about half are part time but if you include the wholesalers, wholetailers, flippers, BRRRR'S and the such like it seems everyone is in RE. You need to ask not where is the best place to buy but rather what is my advantage over everyone else? More cash, better rehab skills, staging, marketing, area...... you get the point. Maybe time is your advantage, right now people are prepping for school. They will pay more in rent and a mortgage payment to get the right school for their kids. I find some homes on the mls sell/rent just before school starts for considerably more than they would in October. There is so much competition that maybe the area is less important than the timing. People still do not understand market trends in their area, I am selling one right now that the buyers gave notice in their rental before they even found a home. They just need to be moved before school starts and the home is under contract for 10K more that it should be. TIMING!!!

I have MLS access. You can email me and I can send something over.

http://www.har.com/17319-red-river-trl/sale_918692...

View in link above.

This home is clean in only in need of updates. It is in a gated community and has a motivated seller. If anyone wants to see it or if you want to partner I can get it modernized. No seen repairs to do and she is looking for an offer this weekend. Market should about $300K

http://www.har.com/17319-red-river-trl/sale_91869200

These 150K home at 3,2,2 that do not need too much work are getting really hard to find. There still is just simply not enough inventory. The market is in full swing as it usually is around the 4th. If you try and move outside of the city and get just ahead of the growth they will be too high and new, typically. If you come farther in there is just a lot of competition, typically. I think the trick is to be prepared to do something that the other thousands of investors with cash are not willing to do, I.E. more repairs, higher price or higher class of home.

I have been suggesting to new investors to do one at a time and be patient. The market is high right now and some are predicting some sort of a national crash. Houston does not follow the national trends but it might correct. You might think about doing one at a time to be safe and grow your equity and then if the market corrects go all in when there are more deals.

ps I would not touch Katy, it is too hot.

Love the get rich slow statement! TRUE! With the market saturated with buyers here in Houston it is getting hard to find the easy money since they seem to not be there. However if your are willing to be patient and invest in the long term you will find value in SF all over. 

Either way good job. Usually it does make more sense to have that payment unless you don't plan on moving. We don't really know enough to make an informed decision though. 

I know that this is not the popular theory but appreciation is bankable. Houston does not follow the national trends at all and tends to be ahead of everyone else. Historically the Houston RE market has never crashed if you do not include weather related incidences, IE Ike. This is of course is relative and does not mean that it has not corrected in some form. If you are comparing Houston to the rest of the country we are one of the safest long term investment cities. Long term is the key, buy them put them to work and wait. By the time that they are paid off you should have been able to leverage several homes out of them. 

The market in Cypress has such low inventory right now that it is pushing prices up but the appraisers also are not appraising them. It is like they have all been told to keep the values down but that will not work and I suspect that we are in for the busiest and most profitable summer ever. If you are waiting for the market to correct to jump in, it probably will not happen for a while. Run those numbers through the calculator on this site and see what happens.