All Forum Posts by: Account Closed

I have about the same amount of cash. However, as a self employed person Its very difficult to get a loan. I want to put this money to work and it seems the BRRRR strategy is the way to go. Finding propertys has been very difficult for me ,I notice most wholesalers numbers are so unrealistic.

 Randy, 

I am curious if you have ventured out to the outskirts of Pearland such as Manvel. What is your opinion on purchasing homes there?

Was anyone able to locate any SFH Houston area wholesalers?

If so, I would also like to be added to the mailing list.

Thank you,

Veronica~             

 Cody are there areas inside the loop that in your opinion are either "up and coming" or more established yet deals can still be found? 

Great question. I've been unable to find one in the Houston area, but I suppose most successful ones are very busy.  

I'm not an expert or Guru but I 'm familiar with this area and IMHO the rent is too high you might try advertising it under $1500 even if its just $1475 to start and go down from there. Many more renters under $1500.

Apart from price your ad looks good to me, informative with nice clear photos. You can also do some staging but the price is the biggest concern especially on CL were people are looking for deals.

Thank you David. I have noticed the Zestimate appearing to be very...optimistic?:) When evaluating my own home the zestimate was very inflated. 

I had been looking at Cypress ( I like Katy but have not seen anything remotly close to what I'm looking for ) but I have read about the traffic coming into town for commuters being a problems? 

I have not worked with an agent yet,  ive not found anything on the mls but perhaps I need to bid on forcloures etc to find the 1.5% return In rent I'm looking for.

Send me the information..

I've not heard of Right Path but will check them out. I'm going to a meetup group Saturday sponsored by  lifestyles unlimited here in Houston.

Hi BP,

My name is Veronica and I wanted to introduce myself to the BP community and perhaps receive some opinions and get insight if what I'm looking for is feasible.

Unlike the majority of investors on this site I'm not really looking to eventually be financially independent through real estate and have a big portfolio of homes that may or may not be a hassle to manage.

What I'm looking for is a SF home in a decent neighborhood that can supplement my income by approximately $1000 a month without too much hassle. Thats $1000 per month after taxes,insurance etc.

The numbers have to work!

It is my thinking that I can purchase such property for 100k (Cash of course) and perhaps place another 10k for rehab. My 100k in the bank gives me a laughable return.

Several investors have told me that its a bad idea to do this when it would be more profitable to purchase 4 or 5 properties with 20% down, in fact I'm going to a lifestyles unlimited seminar this weekend that I believe promotes this model. Perhaps I will understand better?

Regardless, any advice or the insight would be most appreciated.Is there something I'm perhaps overlooking?