All Forum Posts by: Taj Akinbode

Where are you getting your ARV and rental comps data from? It's crucial that these figures are accurate.

@Stevenson Alexis

I'll be happy to connect with you to further discuss your investment plans. Areas around Texas Medical Center is worth looking into and there are other pockets as well. I have messaged you directly. 

@Joel Allen Thank you for your recommendation. 
@Stevenson Alexis@Stevenson Alexis

@Erika Scheuch

Glad you're ready to take action. As you're exploring the Dallas/Houston area, I'd like to highlight the potential of Houston as a lucrative investment market. Houston offers a diverse range of real estate options and has a robust rental market. Building a strong network and surrounding yourself with experienced professionals is key to success in any market. I would be delighted to connect with you and show you the available opportunities in Houston, as well as assist you in achieving your real estate goals. Looking forward to connecting with you soon!

@Joel Allen Thank you for your recommendation. 

Ab,

It's great to hear that you've saved up a decent amount. 

Houston is a great choice as it offers relatively affordable property prices compared to certain markets, making it appealing for investors like yourself. For medium-term rental strategies, the Texas Medical Center area, for example, presents an attractive opportunity to target travel nurses, individuals seeking short to medium-term medical treatments, medical students in residency, other target market categories, etc. Many investors have already tapped into this market, FYI. So, do pay attention to other areas recommended by fellow contributors 

When considering MTR strategy, it's important to weigh the pros and cons of each property type. However, what is equally very important are other factors such as location, rental demand, conducting thorough due diligence and getting value add and accurate market data from an investor-friendly REALTOR® who can provide valuable insights beyond mere data presentation and guidance that is tailored to your specific need. I am an investor-Friendly REALTOR® with access to MLS and off-market opportunities and I'll be happy to share further insight with you if needed. If you'd like to delve deeper into the opportunities available in the Houston market, don't hesitate to reach out. I'll be happy to bring you some value in this area.

@Ashley Salassi Hunker The previous comment from  @Randall Alan is a great contribution. When it comes to lending, assessing the borrower's ability to repay is a crucial aspect of evaluation. I highly recommend initiating a conversation with a mortgage loan officer to gain a better understanding of what can be accomplished considering your friend's unique circumstances.

I am based in the Houston area as well and I'll be happy to connect you with one or two local lenders 

@Clay Asplundh

I'm a Realtor and investor-friendly agent serving Houston and surrounding areas. Please feel free to call/text me at 832-960-2347 or reply to my DM. I'll be happy to assist you. 

@Joel Allen, Thank you for your kind recommendation. 

@Obi Nwapa

One resource you can use to determine if a property is in a flood zone is the Federal Emergency Management Agency's (FEMA) Flood Map Service Center. You can search for a specific property to see if it's located in a flood zone, and if so, what type of flood zone it is.

It's important to note that even if a property is not located in a flood zone, it may still be at risk for flooding during heavy rain or storms. It's a good idea to have flood insurance for your rental property to protect your investment and mitigate any potential financial losses.

I am an investor-friendly agent here in the Houston area and will be happy to connect with you to provide further clarification or answer your questions

I agree with you that there are crimes everywhere and blanket statements that totally discounts an entire city or state don't often help. Here are some investment strategies you could bounce around with your friend. Each strategy has its own unique advantages and disadvantages, and the suitability of each strategy will depend on individual goals, risk tolerance, and financial situation.

1. Buy and hold: This strategy involves purchasing a property and holding onto it for an extended period of time, with the goal of generating income from rent payments and appreciation in property value.

2. House flipping: This strategy involves purchasing a property, fixing it up, and then selling it quickly for a profit.

3. Short-term rentals: This strategy involves renting out a property for a short period of time, typically less than a month, and generating income through nightly or weekly rental rates.

4. Real estate investment trusts (REITs): This strategy involves investing in a professionally managed portfolio of income-generating real estate properties, offering diversification and liquidity.

5. Joint ventures: This strategy involves partnering with other investors to purchase a property and share in the profits, offering access to larger investments with less personal capital required.

There are many more. These should get the conversation going.

I am an investor-friendly Agent here in the Houston Market. If you would like to chat further or get professional answers to your questions quickly, don't hesitate to contact me. Happy to help!

@Timson Sunny

Congratulations on taking the important step of zeroing in on the mortgage provider you would like to use. For personalized assistance, I suggest contacting Navy Federal Credit Union and speaking with one of their Mortgage Loan Officers who can address your specific needs and answer your questions. I know they have a Steller customer service

Not sure how long you worked as a real estate agent. As a fellow agent and Realtor® serving the Houston market, please don't hesitate to reach out to me if you have any questions or concerns. I'll be happy to assist. 

Tough situation, I think a better marketing plan may be necessary. I understand he is using is mother for the sale, he may wish to bring a different Realtor onboard with a clear strategy on achieving results. Every home is sellable at a price the market will support and with the right marketing plan.