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Investment Properties in Houston : Real Estate Advice

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  • Local Info306
  • Home Buying1K
  • Home Selling130
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Activity 77
Mon Mar 27, 2017
Mbailey_reso asked:
Thanks???? On the same note to make sure that the retirees are taken care of. Although I would love in house financing. How would I be able to take over their mortgage and pay them respectfully?
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Mon Mar 20, 2017
Tiewei.cheng asked:
look for ~200K property and ~1% return. I am a first time home buyer. Thanks. any area to consider
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Fri Mar 10, 2017
Ben Hughes answered:
That's a very tough market. Lots of investors with money to spend so it will take several rejections before you will finally get one. Also depends on how you are finding the properties. I mostly help investors so I deal with it everyday. ... more
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Fri Mar 10, 2017
Ben Hughes answered:
It's a good time to buy right now but it really depends on your situation. Everyone is different so best to discuss with a realtor about what your needs are. You can send me a message if you like. ... more
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Fri Mar 10, 2017
Ben Hughes answered:
Hi Anthony. People are always looking for rentals in the Houston area. If you need help just send me a message and I'll be glad to help since I mostly work with investors.
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Fri Mar 10, 2017
Ben Hughes answered:
Hello. I mostly work with investors and can definitely help you find something within your criteria. Just send me a message and we can work it out.
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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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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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