Hunters Park -Flip Project – 2 weeks update

Contractors Benito completed all tile flooring in main area, finished painting all areas, working on bathroom tile surround and a/c guys installing new a/c system. Check out the pictures below, more updates in few days.

MISSOURI CITY Rents surpasses Nation Average!!!

As per the report published by Sugarland/Missouri city edition of communityimpact.com,

A Community Impact Newspaper analysis of seven Houston suburbs found average rents increased between 30.4 percent to 67.7 percent from 2005 to 2015, according to CoStar Group, a real estate research firm.However, average rents increased in Missouri City by more than 100 percent during the same time period.

Average Missouri City rent doubles
The average monthly rent in Missouri City in 2005 was $637, according to CoStar Group. But by 2015, the average rent had more than doubled to an average of $1,278.75. Bogany has been a Missouri City resident and Realtor for 33 years, and he is the vice chairman of the Fort Bend County Housing Finance Corporation. Bogany said when people come to him looking to rent a home or apartment that is not high-end and newly built, he directs them to Stafford, Fresno and parts of Houston.

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“But rents have gone through the roofs in those places, too,” Bogany said. “There are some older townhomes in Quail Valley or Meadowcreek, but because of the lack of supply, those are rented before they even come on the market.”

Bogany said he believes part of the reason for rents increasing so much in Missouri City is because home sales prices have also increased since the Great Recession, and that has enticed many mom and pop landlords, who usually deal with single-family homes, to cash out.

TO read more on this topic, visit communityimpact.com

Quail valley – Good Rental Property
Greater than 1% rent!!

Houston Real Estate Investment Properties
Presented by
OMRG_logo

Om Realty Properties LLC

Property Address
3522 Duncaster Dr, Missouri City, TX, 77459
3 Bedrooms / 2 Baths / 1 Car Garage
Year: 1981 | 2051 SQFT | 4500 SQFT LOT

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Buy & Hold Investors

ARV: 175k

NO MAJOR REPAIRS NEEDED, RENT READY
CLEAN TITLE & CLOSE QUICK

Inspection/Showing Day – Jul 25, Wed

Good roof, Good Running A/c. New Paint, New Carpet all around house.

PRICE $147,000 or H&B

GRAB IT FOR NOW!!

Call or Text Vijai today at
281-912-3112
houstonvijai@gmail.com

Click for More Pictures and Comps

BUYERS PERFORM YOUR OWN DUE DILIGENCE! SERIOUS BUYERS ONLY! CASH ONLY!!
$3k Non-refundable deposit locks the deal.
(Buyer pays all closing costs including Realtor Fees if applicable)

3 for 1 Deal – Alvin Awesome Flip Deal – 75k Profit – Realtor Investors Just buy and Sell Retail!!

Houston Real Estate Investment Properties
Presented by
OMRG_logo

Om Realty Properties LLC

3 for 1 Deal – Alvin Awesome Flip

Property Address
1374 County Road 634, Alvin, TX, 77571
4 Bedrooms / 3.5 Baths / 2 Car Garage
Year: 1996Yr | 3487 SQFT | 1.142 Acres LOT

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It’s 3 for 1 deal which you will never find.
One, awesome house just finished all upgrades new paint, new carpet.
Two, a large barn which is in the back around 48’x55′ with a 17’x48′ second story total sqft 3456.
Third, 1.142 acre lot in secluded community just close to Hwy 6 with the veranda (281 sqft) in the back.
Investors

ARV: 575k

NO REPAIRS NEEDED, JUST SELL RETAIL & MAKE PROFIT!
CLEAN TITLE

New roof. A/c is recent, electric oven, gas cook top, gas water heater, gas central heating, with natural gas service.

PRICE $485,000 or H&B

GRAB IT FOR NOW!!

Call or Text Vijai today at
281-912-3112
houstonvijai@gmail.com

Click for More Pictures

BUYERS PERFORM YOUR OWN DUE DILIGENCE! SERIOUS BUYERS ONLY! CASH OR FINANCE!!
Proof of Funds Required. Showing will be arranged soon.
$5k Non-refundable deposit locks the deal.
(Buyer pays all closing costs including Realtor Fees if applicable)

What’s happening to Houston Homes sales – Jun 2017 – Record month in History!!!

Just received the report from HAR and I was really surprised with the numbers. With oil price down and many companies went through layoffs and downsizing and last year and now just getting back up this year. But real estate is continue to progress and making record high numbers.

A total of 8,414 single-family homes sold in June compared to 7,771 a year earlier, according to the latest monthly report produced by the Houston Association of Realtors (HAR). That represents an 8.3 percent increase and marks the largest one-month sales volume in history. On a year-to-date basis, home sales remain ahead of 2016’s volume by 7.4 percent. New listings pushed inventory levels from a 3.9-months supply to 4.4 months, the highest in almost five years.

“June proved to be another phenomenal month for the Houston real estate market with buyers and renters sending volume and pricing into record territory,” said HAR Chair Cindy Hamann. “Between continued strong employment numbers and healthy housing inventory levels, we expect the market to remain vibrant.”

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Another important number, Days on Market (DOM), or the number of days it took the average home to sell, fell slightly to 50 days versus 53 last year. Inventory rose from a 3.9-months supply to 4.4 months, matching a level last seen in October 2012.

Another surprising fact, greatest sales gains took place among homes priced from $750,000 and above (categorized as the luxury market), followed by homes in the $150,000 to $249,999 range

We are not reaching any bubble yet. As per Austin Real Estate Center, bubble is only expected in 2024 as per numbers. It is really good and encouraging real estate market due to various factors playing all together. Let it continue and it’s good for both sellers and buyers for many ways…

For detail report, check out HAR.com.