Colli Real Estate

Houston, Texas Real Estate Investing Resources for investors and owners

Us to constantly ask questions SecretHoustonRealEstateDeals.com on our properties wholesale property and investment in Houston in general. Here are some resources that we use to help us then that investors and some answers to common questions we receive.

Q: Where do you get the property values?

A: We use several online sources to determine the current market value of property and driving in the area and control to ensure we have apples to apples comparisons. Here are the best places of employment:

1) HAR.com is the most valuable resource when it comes real estate in Houston. You can search for recent sales information to obtain fairly precise compositions, as well as see what other properties are available for sale in this area to see what is available. It is always good to know what your competitors when it comes to turning houses, or hold them as rentals.

2) Zillow.com gives a more accurate value in large urban areas than in smaller cities. Values Houston are generally 3-5% of the value of houses, but perhaps 20% or more in a small town Magnolia.

3) The county auditor local sites:

Harris County: hcad.org

Fort Bend County: fbcad.org

Montgomery County: MCAD-tx.org

Galveston County: galvestoncad.org

Q: Where are the properties of your trading capital Houston on the list?

A: On the front page http://secrethoustonrealestatedeals.com/investordeals/ on the right side of the screen is a section on recent entries. This is a list of available properties and Houston commercial real estate investment advice.

Q: Where can I get financing for real property in the Houston area?

A: What is going to do with the property will determine which option is best for you. If you have the money to buy a property at a price without the funding, which is always easier to live. If you buy a rental property because it is "movement" condition, or have existing tenants, to obtain financing from traditional bank or credit union local an option if you have good credit and a 10-20% deposit. The local credit unions because investor-friendly, now that the big banks, and is likely obtain a better interest rate as well. If you are …

Cleaning up for sale or lease: the money is hard The easiest way to do it. You pay an interest rate of 18.12%, and a couple of points, but if you have a good case on their hands, donors drives are more concerned by the Agreement on your credit score. Be aware that many banks require the title to be in your name (known) in least3-6 months (sometimes up to 12 months) before making a loan to an ultimate purchaser to acquire property or refinance property from a conventional loan renewed property not occupied by the owner. If you keep refinancing and leasing of property, you may need a good credit rating, and if possible in the payment of money if the property valuation is too low.

Rehabilitated to live in yourself: 203K FHA loan is probably your best option. It gives you a year to complete the renovations, then you can do the transition to a conventional mortgage of 15 or 30 years with little difficulty. You must have good credit and a down payment, but you get the best rate available. http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm

Q: What is the property or wholesale distributor?

A: A property is a large property sold at very low prices to its fair market value at a wholesaler. A wholesaler is someone who works with motivated sellers, offers property under contract and then sells the rights to his contract with the investor or buyer.

Q: What is the process for wholesale?

A: A motivated seller, as the owner calls a wholesaler tired and offers to sell you a house worth $ 100,000 to $ 60,000 that needs $ 5000 of repairs. The wholesaler inspects the property and verify value, then puts the property under contract. The wholesaler then offers to sell the property to the list of buyers at $ 63,000. The buyer is purchasing rights wholesale in the purchase agreement of $ 3000, and got the original contract assigned to them. The buyer closes on the property, repairs, and then resold on the market for $ 100,000 or rented out to generate a passive income each month.

It's a win-win-win. The seller wins because they were able to sell your property quickly and without having to pay a brokerage commission. The wholesaler has suffered because they were able to make some big push in place an agreement that would not otherwise have occurred. The buyer wins because they now have a property they paid $ 68,000 ($ 60k price of purchase, repairs $ 5k, 3k allowance $ action), a value of $ 100,000.

We're all in this together!

About the Author

I am a Wholesale real estate investor in Houston, Texas. I buy for myself as well as wholesale truly great deals to my investor network. If you have a great deal or want a great deal around Houston, I’m the person you want to email first.

I also partner with other wholesalers marketing properties, and even work with realtors. Bring me your pretty houses, your ugly houses, your buyers, or your sellers. We will make money together! www.SecretHoustonRealEstateDeals.com

 

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