Total Real Estate Services
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You can find good deals in just about every part of town. Generally speaking, I would recommend you choose an area reasonably close to where you live so that you can check on it frequently and save on gas while you make repair trips and trips to the hardware store. Also, it is important to choose a home in an area that is desirable to live in. Choose an area where you wouldn't mind living. It will be easier to rent out and sell at a later date when the time comes to divest. Just make sure you buy it right so that you will have positive cash flow from the beginning. Remember the adage, "Investors make money when they buy, not when they sell."
I serve Northwest Harris County. If I can help you further, please let me know.
Hope your weekend was pleasant. You are still asking a genteral question. Call or email me and let's visit about specifics to help you get started. Kathleen (281) 799-4002 or KathleenRealtor1@gmail.com -- You've set a budget which is a good first step. Now let's start taking some more steps to reach your goal. I've already given you a few things to think about. I'll help you locate a property and give you the guidance you need to begin your investing. Looking forward to working with you. Kathleen (281) 799-4002
Rental properties are in high demand right now, since it's difficult to qualify for mortgage financing. Will you be paying cash or financing. If you do need financing, I can refer you to a local mortgage banker.
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I am Kathleen, a realtor in the greater Houston area. Your question is a good one but there is a lot more information to put together to make a well informed decision. Do you want to be hands on or use a management company? Is the $60-$90K fluid assets or the mortgage you can handle? Do you want a property close to you or is across town alright so you don't have to check on it every other month?
There are plenty of properties available in various parts of town in various conditions from destroy-and-start-over on to a little dressing up with paint and carpet all the way UP TO it's in perfect condition just give us the key. Certainly you usually don't find the last one in that price range very often but if you are willing to be open to a good deal you can locate them. If you would call me Kathleen (281) 799-4002 or email me KathleenRealtor1@gmail.com. Let's introduce ourselves so we can visit about what your goals are and where you are and we can set up to view properties that meet your specific needs. Making sure we are looking for properties that fit your goals will save you time, money and stress. I look forward to hearing from you. Hope your weekend is pleasant and restful. Very truly yours, Kathleen (281) 799-4002 KathleenRealtor1@gmail.com
I currently have two homes in the Bear Creek area (West Houston) that are price at about 30 to 40% below market value and in your price range. This area is one of the better areas of Houston to invest in rentals. As I mentioned in my earlier reply to you, I own a HomeVestors Franchise. You may recognize us as the "We Buy Ugly Houses". Give me a call at 713.907.4233.
Generally this seems like a great idea, right? Some foreclosures are distressed properties and closing can take months. Cash flow would be the most important thing to consider for yourself. Also doing a bit of research for rental market would be in order. Do you want to be hands on with rental investment OR have a manager take care of those incidental needs that tenants have from time to time.
Location and convenience for yourself should be at the top of your list. Appreciation generally would not be the name of the game in rental properties. CASH FLOW is important and see what your bottom line will net.
I speak from experience of rental income(loss) depending on your financial situation and goals for getting into this arena. Have cash reserves for emergencies it is SOOOO important!!!!
Now that I have probably convinced you to step back, please let me know which areas you are considering and do some investigation. I live the Clear Lake Area and have rental property in Galleria. We have several needs that we try to meet with this investment.
Please contact me and let's explore your goals. You can reach me via email or contact me through my website. Look forward to talking you soon.
I will appreciate the chance to evaluate some properties for you, that way I will be able to help you find out the ones that may produce the best cash flow for your investment. I also will be able to assist you in finding the tenant after purchasing the property.
There are several areas in the Greater Houston area where you will find properties for sale within your price range, that offer both an instant equity position and value and a attractive, residential rental market area for your tenants clients. I suggest you stay within a certain geographical area, close to home, work, etc...so to make property / landlord management more practical and simple.
Give me a call if you want the best real estate brokerage service in town.
832 818 5868
About 90% of my business is working with investors. I have several referrals of repeat investor clients that I'd be happy to provide to you. For rental properties, I would suggest an area with the most desirable schools. Please give me a call, and we can go from there. Thank you.
Green Dawn Realty
If you are looking to purchase an investment property, give me a call at 713.907.4233. I am a Broker and I also own a HomeVestors (We Buy Ugly Houses} Franchise and I get deals all the time that I pass on to investors. My company provides homes to many investors in and around Houston. Most of our homes that we look at never get to the MLS (open market) for you to get a chance to purchase them. You probably have seen my billboards and TV commercials marketing for homes.