All Forum Posts by: Yavor Tomov

Hot Water Heater drain - yearly

Will defanatly attend. Sorry for missing it last time.

Hi Huy,

Good job on the post. Hope everything works out with the flip if not refinance(if possible) and rent it. I'm an investor in the Houston area and fully understand that good deals are extremely hard to find. Keep us updated on the project and let me know if I can help with anything. 

@Bryce Cutler 

I have been using Sparkrent since the beginning of the year and works pretty good. Can you be more detailed on the problems you are having with them ? What em I missing ? 

Thanks

@Chance Cooper 

Thank you for the information will check. However I do not believe one was done. I did call an termite inspector and he verified that the termites are not active and found a label under one of the sinks indicating that the property was treated for termites. I got all the damage fixed extremely fast it was limited to the base boards and rented the unit. Now the issue regarding the seller not disclosing it and the general inspector not catching it is what makes me mad. I did spoke with a lawyer and he advised me not to do anything due to the low repair cost ($200.00 did the repair my self). We live and learn, will be better prepared for the next one. 

Hi Jay,

I must agree with @Mike Landry tax is low, I would double check with hcad.org. Also make sure it is listed as multi-family. I have seen multi-family properties listed as single family houses which is indication that most likely the conversion was done with out permits. Also I do not like properties in flood zone. However, numbers look good but make sure you check them do not trust anyone. 

Good luck !!!

I have a 1930 duplex in Houston which I purchased in the beginning of the year. I'm making about a 1% rent/price ratio. However, vacancy has been extremely low and no major repairs so far. Knock on wood, that continues.  Due to the age of the property I'm planning to redo the pluming and roof in the next two years. The good thing about Houston is that rents are going up. 

I was looking to buy an investment property for the last year and half and can tell you it was very difficult to find a ready to rent property in ok neighborhood with 1% and up rent/price ratio. I'm talking about a duplex, triplex properties close to downtown Houston. Currently, I'm trying to buy my second property and can tell you that the Houston market is CRAZY !!! Every property I put an offer on has multiple offers, that includes SFH ... I'm thinking to hold on on my investment till the market cools down and becomes more investor friendly.

Good Luck!!!

Count me in.

Let me know if you need any help.

Regards

Yavor

Hi All,

In process of acquiring a new property which needs foundation work. Will be grateful if you could recommend me a investor friendly foundation repair company. The house is pier and beam, turns out not all companies work on pier and beam foundation. 

Thank you 

Yavor

@Eric Benzenhoefer 

Can you please share the company contact information. I'm in a process of buying a duplex and need some foundation repair.

Thank you,

Yavor