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Investment Properties in Houston : Real Estate Advice

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  • Local Info304
  • Home Buying1K
  • Home Selling126
  • Market Conditions76

Activity 74
Fri Feb 24, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
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Fri Feb 17, 2017
Nassifawwad asked:
I'm thinking of buying an apartment or two in the Clear Lake, TX or League City, TX areas. How is the rental market in the area?

Regards,

Anthony Awwad
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Sun Jan 22, 2017
Dolores answered:
Hi I am looking to invest as well. So far someone has outbid me on a house that was 189,000.00. Nevertheless, I am learning that there are a lot of foundation issues in homes that I have visited. One realtor told me that land in Houston shifts causing homes to have foundation problems. Are there any suggestions on how to avoid homes like these? ... more
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Wed Jan 18, 2017
Alysse Musgrave answered:
Katy is a strong market and a safe place for your money. Contact Calvin Kim at calvin@helpubuyamerica.com. He an Exclusive Buyers Agent who covers that territory.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
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Tue Jan 3, 2017
Rashmi asked:
Tue Oct 25, 2016
Syed Kamal asked:
I have good credit, provable income (probably not enough to support the whole project) and cash enough to buy a serviced city lot in Houston with intent to build a 4-plex, where I shall…
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Tue Oct 4, 2016
Mahadevsanjay asked:
Hi, I'm seeking to invest in cash-flow rental properties in Houston, San Antonio etc. Can you guide me to an agent property-mgr (ideally one person for both) who can help me. Will…
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Sun Sep 25, 2016
Susie Kay answered:
Yes, foreigners can purchase a home and pay cash. I would suggest that you work with a local realtor to assist you.
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Tue Jul 12, 2016
Jay H. answered:
Great question! There are a few important questions I think need answering before you can make this decision in good conscience.

Is that profit of an estimated 45K enough for you to start flipping houses like you want or will you need more start up capital? From the sound of it with you saying you'll be going for a loan I'd guess not? In that case, if you're up to the task of landlording, I think holding onto the property and allow it to generate income for you is probably the better move at the moment.

That being said, you should be prepared for finding a tenant and maintaining that property unless you can afford to have a property manager handle the day to day while the condo passively generates you income.

If you aren't planning to hire a property manager I'd suggest you take the time to:

1. Familiarize yourself with your tenant's rights based on your state (Nolo.com has a great list to start with: http://www.nolo.com/legal-encyclopedia/state-landlord-tenant-laws)
2. Develop a strong screening process to avoid nightmare tenants (I can go more into this if you'd like, but the big 3 for me are: meet them in person, get 2 references from previous employers/landlords, and run a full credit and background check on http://www.myrental.com/).
3. Have a trustworthy handyman (assuming you don't have the time or skills needed to maintain EVERY aspect of the home you're legally required to) and lawyer on speed dial in the event something goes wrong.
... more
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Mon Jun 6, 2016
USMortgageRanger answered:
You can manage your home from any part of the world without the state getting involved. I have some clients here in N. TX from the UK that have numerous properties that I have financed and they used an Agent and some do not, as all situation is different.

Lowell
... more
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Tue May 24, 2016
Ayaznasir64 asked:
I am interested in buying few properties I.e detached 3-4 bedrooms in Houston around 120k each house. However, i am unsure whether I would be able to rent these houses as I would need immediate…
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Mon May 2, 2016
Kevan Pewitt answered:
The best hard money lender I know of is Pinnacle Mortgage. Their website is http://www.pinnacle-mtg.com/
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Mon Apr 18, 2016
Susie Kay answered:
I would suggest that you pick up the phone and talk to a lender or two. Start with Wells Fargo and see what they have to say.
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Tue Apr 12, 2016
Susie Kay answered:
I would suggest talking to your lender.
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