Bad things happen to good people. Young people in particular make mistakes through a lack of maturity, peer pressure, and just plain bad decisions. Unfortunately, felons are not a protected class. A landlord has the right to refuse to lease to a person convicted of a felony. As an experienced Houston Realtor who has advised landlords and tenants. I tell prospects wanting to lease to reveal everything. Virtually every landlord today runs a criminal background check as part of the lease application … [Read more...]
One of the Prime pieces of land in the US sold in Houston
The Houston Fire Museum sold 1.4 acres located at 2310 Main Street on October 7, 2013. This land is located less than a half block from The Superblock. The superblock is 6 acres of land located on Main Street that is being developed jointly by Camden and Midtown. The Super block will contain a public park, seven story apartment building and retail space according to the Houston Business Journal. Midtown Houston Real Estate The revitalized area of Midtown Houston is the hottest area for residential development … [Read more...]
Multi-Family Real Estate in Houston 2013
Despite continued economic problems throughout much of the United States, some regions continue to perform quite well. Much of the Houston area can be included in this category of economic improvement, with new jobs appearing in both the healthcare and energy industries, which, in turn, is spurring a revival within the housing market. Particularly popular among prospective homeowners as of late has been the arrival of new multi-family developments. These housing solutions allow Houston residents to … [Read more...]
The Houston rental market is tightening
Despite a population growth of 2.18 percent last year, the number of new home starts remains low, while the number of rentals is increasing. With fewer homes on the market, competition to buy available homes is fierce. Investors are pushing home buyers aside using 1) fast offer submissions 2) cash offers and 3) above market offers to sweeten their deals. The National Association of Realtors warns “that continued tight credit conditions threaten to widen the wealth gap between owners and renters.” At the same … [Read more...]
Landlord-Tenant Issues in JP Court
Texas has its own set of Landlord and Tenant Rights. It is important to know the Texas laws because the landlord gives all possession rights to a tenant. Once the property is leased if the landlord enters the property without proper notice the tenant may file suit in court and ask for damages. No matter what the landlord may not force their way into the home without first checking to see if someone is home. Reasons the landlord may enter the unit if the lease agreement does not include … [Read more...]
Catching and Keeping the Best Tenants Means Offering the Best Place to Live
Safety is possibly the number one factor in a tenant’s choice of a home. A safe neighborhood reduces stress and increases flexibility especially with regards to returning home late at night. In a low crime neighborhood there is less worry about violent crime and theft. Many townhome communities have gated access and round the clock security adding extra protection. Life style can strongly influence a tenant’s selection of rental property. Families might prefer a single family home with a large yard in a quiet … [Read more...]
Buy, Repair, & Flip Homes in Houston for Profit
There is exciting news for real estate investors in Houston, especially those looking to invest in distressed properties. Flipping a house can be very profitable, but you need to be smart. We can help you buy and sell a restored property quickly. Buying a Property to Flip Ideally, you want to buy, fix up, and have the property on the market within 6 months. The home should be rehabbed to FHA standards so buyers can purchase the home with little money down. This means a potential higher return. Bank … [Read more...]
Buy and Hold Real Estate investment strategy – Houston
You don’t need a Yard Sign to tell you that the Buy-and-Hold Real Estate investment strategy is a fast way to acquire wealth in the United States. Buy-and-Hold is a strategy based on buying a property with a small down payment, then leasing the property for a period of time to be determined by the owner. The investor is responsible for paying the mortgage, insurance, taxes, and repairs on the property. The investor benefits from tax advantages and income from the tenants. The real benefit for the investor … [Read more...]
Houston Real Estate – Not a Beautification Plan but an Investment
Let’s start by getting clear on real estate investing. While beautifying and improving our community may be a side benefit, the one, the ONLY reason to invest in real estate is to make money. Real estate investors want a return on their money, and that is the sole purpose in getting involved in buying a property. If investing in Houston, Texas real estate is what you are all about, you’ve come to the right place. If you have the proper investment strategy, you will know when to get involved, and when to back … [Read more...]
Houston Real Estate: To Wait is to Lose Ground
We may be coming to some realizations about the Texas and Houston economy and how it has affected the real estate markets the past five years. One is that the recession in Texas, at least compared to elsewhere in the country, has lasted a relatively short time. Along with that, we are leading the nation in economic growth. Less Harsh in Texas Let’s look for example, at the percentage of delinquencies. In Texas, they are running at 1.5%, while in Florida the delinquency rate is 8%. Right now, Texas leads the … [Read more...]