All Forum Posts by: Trey Watson

Thanks for the reference! @William Dampier

I used only single family and filtered down from there.

Yes I agree, the due diligence period is important. This chart is only covering 1 aspect of due diligence and is meant to highlight neighborhoods that are outperforming the market by the numbers (numbers dont lie) and is meant to be a reference for anyone interested in those areas.

To your stock reference- performance in a property is often dictated by location and the surrounding conditions just as a stock is dictated by its surrounding conditions. You cant apply physical location to a stock though. Take inventory for example. If you're in a neighborhood where you can get into a house for 70 cents on the dollar after repairs (which is near impossible these days) and its an average size neighborhood but you have 35 active listings and 12 of them are rehabbed just like yours, thats something to consider. 

Again, I get due diligence is important and im not saying this chart or something like it is all you need to complete your due diligence. Im trying to make the information available. The point is, if you have a property in one of these neighborhoods, as long as you don't butcher the rehab or buy at the wrong price, you have a better than average chance of making some money.

I have clients who have used empire which @Steve Rozenberg runs. Havent had any issues.

got to rich club, lifestyles, and network at the jet lending event. Those three should keep you full.

https://www.richclub.org/

https://www.richclub.org/

http://jetlending.com/events/

Well when I asked this question,  I didn't really get a response so I decided to dig for myself. I ended up doing a lot more than I originally intended. I took every subdivision in the Houston city limits and and broke it down to the top 34 based on a few different key variables. The results were interesting. 

I already posted this in a separate forum, but in case you missed it here it is:

***You may have to save the image to your device and open it up from there, in order to make the image large enough for you to see it.***

On HAR today they released the market stats for June. Even though the data says we are doing better than ever, they mentioned there would probably be a market correction later this year. 

From my perspective as a wholesaler working with investors, I don't see a slowdown on the investment side. The investors that put buying on pause to wait for margins to open up, are now jumping in. Less people are deciding to sit back and wait until the market cools off. People are paying more for property and are getting higher offers on their homes. 

@michael woodward

I and my co workers are an example of what you were talking about. We're one of the larger home buyers in the Houston area and even with all systems running 24/7, we sometimes have trouble finding enough deals.

This may be a biased statement because I am a wholesaler, but if you want a consistent stream of decent deals without spending the absurd amount of time and money required to find the deals, the best way to go is to connect with the leading wholesalers in your area. 

I know there are a ton of wholesalers out there and most of them will never actually do a 'deal'. We call those 'seminar wholesalers'. At the same time though, there are more sophisticated and bigger wholesalers with actual systems that help make getting a deal and actually closing it fairly simple. 

The hardest part for any investor is finding the deal. Wholesalers take that part out. MLS is ruled by wholesalers and institutional cash buyers and it will probably be that way for a while as long as inventory is tight.

Do you have any deals right now?

You may have to save the image to your computer, and then re open it up, to make it big enough to see.