All Forum Posts by: Shahriar Khan

@Rudy Hernandez RICH club would be a great place to start. Once you sign up you would be getting emails from most major meetups in Houston . 

@Danny N. i am in similar situation. Given i am not an expert for development i decided not to push that envelope myself instead I partnered up with a local builder. Yes some of the margin will eroded but still I have eliminated a lot of risks a lot by sharing that margin within builder expertise (assuming margin is good for 2/3 parties) . Happy to talk more if you needed additional info . PM me .

@Vijaianand Thirunageswaram One thing to remember is that everyone has different measurement for "Good Investment" . Some of us would go for Cash flow compare to some of us go for synthetic loss to save that 40% other earnings. Its tough to say a good deal in ones eye is a good deal for everyone (assuming we all know what a really bad deal looks like) . 

I have a HUGE database for sellers and we sell every house under contract and our buyers are always satisfied with purchase .  Happy to reach out to my investors if you needed a bit push to sell. 

I would go to you title company and ask them to do a title search (as if you are buying it ) and they would let you know where is the gap in ownership or what will it take to have a clear ownership if you were to buy that property.  Its a bit handy man approach and will save you  $$. 

Its really simple 

1) Get funding ready 

2) Have investment aka buying criteria on hand 

3) Go to local meet ups (twice a month) and asking for deals and let them know you are ready to come to the closing table is the deal is right for you

It will come .... its really that simple :) 

@Dwayne Burksgreen -- i tried skip tracing for handful of high value  properties. Given the response rate and type of responses and the investments required i switched to typical marketing.  Also you should send 3/4 to increase your chances to get call back. 

Good luck and keep us posted 

@William Massey Alex is absolutely correct in terms of numbers. For duplexes Heights seems to be a better area unless you find a house within Harris county with no HOA and detached garage and that way you can build 1 bed 1 bath on top of garage (in law suit ) and rent that out. Look around and you will start seeing those close to downtown .

@Tim Shin

I have not done a complete valuation yet but happy to do it if we can get 2-4 folks round up.

Scenario 1: Assuming we have 5 people with 5 property each with 100K each (500K total) invested and risk is totally personal impact. Maintenance OH is low but cost is high because we are getting one off work done with full retail price.

Also, assuming we have 100 free cash flow after al risk has been baked into that. Rate of acquisition will be higher as well if we need to either save or come up of the money by ourselves

Scenario 2: Now we have an S/C Corp with 5 house under it’s with belt with 500K debt and a monthly cash flow of 500 total. Maintenance cost may be lower because we may have more works that needs to be done thus price could be a bit less. Rate of acquisition will be faster since we all can come up with 5-10 K each compare to 20-30 K each. This way growth will triumph the return rate from individual portfolio

Things needs to be worked out are typically investment strategy and principles, risk, debt label etc. Keep in mind all the folks that you will talk to who has been in this industry they would typically more from wholesaling/repair to flipping to 1-2 units to apartments and then commercial (growth will matter)

Hi Everyone,

First of all it’s a great thread for discussion and good to see folks form Energy industry. As I am working my way back into RE world below are my core beliefs based on my previous investments and observations.

1. Risk adjusted return: Return should be based on the discount buyers get as we buy it and appreciation should be icing on the cake. Low end area should have very high margin and high end should have low margin etc
2. Size matters for maintenance: Scalability of the portfolio matters. Having 1-3 properties is more is pain the neck for folks who have other full time commitments. And having approximately 5+ investments could allow for investors to have professional service and/or to have a standard work process to support full time jobs other than real estate
3. Clear Strategy: We all should have a clear idea about the minimum “size of the pie” during exist. (i.e. After 10 years of investing starting from 2016 I should have XXX equity in my portfolio)
4. Deal making: Flexibility during deal making would be key to growth (Operated vs Non Operated Venture)

I am heavily debating (may be proposing) whether we all should start a holding company to run/maintain our individual homes. More fund, more units, standard maintenance and all those. Happy to discuss more if anyone interested.

I am looking for a title company that will do a double closing in Houston. I have both the buyer and seller in contract. It will be bank loan to buy and owner finance to sell.

Thanks everyone