Right Path Real Estate Radio with Tom Perry and the guys from Fast Track, NextGen Appraisals and Property Care! Get the answer to your question that’s keeping you from taking action at succeeding today!
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My brother, Jeff, is here, owner of Fast Track, FastTrackRemodeling.com. Their phone number is 832-742-9992. I know that you worked out a solution, because there’s not really a code for a lot of these flooded houses. You’ve got brick on the exterior. When people came in and demo’ed everything out, they took the sheet rock out. They took the insulation out. If there was a moisture barrier, they took that out.
Just the basic repairs to put T-ply, slide it in between the studs.
Where do they get T-ply?
They can get it at Home Depot, ProBuild, Lowes, Stolmens. Probably ProBuild would be the best supplier because they could deliver it.
The others won’t deliver?
I don’t think that Home Depot has it in stock. We’ll be the ones.
You don’t want to buy just the material. That would be silly to put it in yourself.
You cut slits in it like little tabs and then you can screw those tabs to the studs. That way it’s a solid barrier on the backside of the studs in between the brick and the studs, so it protects the entire back side of the stud.
Do you cut brick ties and then retie the brick ties? No, you leave the break ties in place.
Undo do the brick ties from the studs. Then you mark on the stud where the brick tie is, and then cut a hole where the brick tie is, and then reattach the brick tie. Then just use window tape.
Window tape ceiling.
It’s the stuff that has tar backing on the tape that you would use for the exterior windows. Tape those holes so it creates a nice a vapor barrier or water barrier for the backside of the studs in between the brick. I’ll post a video. I’ve been meaning to do it, I’ve just been busy.
Probably on Facebook at some point.
What else have you all learned in terms of new things that you wouldn’t normally see on a flip or buy and hold remodelers, or are there any other construction surprises?
A lot of people ask me all the time, “On a flooded house for our rental rehab, what’s a typical price per square foot to bring it back up to rental grade if it’s had four foot of water in it? It’s been remediated. I’ll tell you the number that I’ve come up with so far, and it’s about $30 a foot to bring it up for appliances, things like that. In fact, Jason’s got a property he’s doing right now for a buy and hold and it all came out in I think it’s 1,800 square feet, something like that. I’ve been saying between $25 on the low end and $30 on the high end, so right somewhere in that range because it’s always a range. His was 1,700 square feet. It’s like $51,000, which works out to right at oddly $30 a foot. That’s what I’ve been telling people, and the few test cases I’ve had its nailed right in there. Now you could reduce that there’s some things that like a house that’s already got a lot of tile flooring. I heard somebody say that if it had tile flooring that you may have to remove the tile as a result of the flooding.
If it’s like travertine. Me and a client were talking yesterday about that. He had a house that had travertine, and was strongly recommended that the travertine be pulled because it is porous tile. I don’t know. I’m not going to claim to force the grout.
What somebody said is that you could’ve had a pocket in the thin set that was laid down. It could’ve gotten water in there, now water is trapped in there, and it could grow mold and things like that.
How would water get trapped if you dehumidified it?
That’s what I said.
Mold has to have a water source to continue to thrive. I’m not going to claim to be an expert in this.
I would have thought that even though it’s porous, water’s going to be absorbed when it’s in high concentration, but you lower the concentration, and the water’s going to migrate out. Just like it migrated in, it’s going to migrate out. It goes from high concentration, low concentration. If you had a 70%, 80%, 90% humidity in the tile and you have 30% or 40% humidity in the air, it’s going to migrate out. What are you all seeing a lot of right now? Probably doing a lot more cabinets in typical, right?
If it’s a flood house for sure.
What percentage of the housing that you all are doing right now are flood houses?
Probably 50%. We’ve got a ton of houses going right now.
Can you tell us the number? How many houses?.
It’s probably about sixteen to eighteen houses.
It’s a great deal, but we’re just being very honest.
You’re sticking to your wheelhouse. You’re communicating well that this is a good fit or this is not a good fit. You’re saying no to some business. Not all business is good business. You’re sticking to your wheelhouse.
We’re really trying to be upfront with people when they call if they’ve got a property that is it a little bit non-standard or really far out. Those types of properties are going to be more difficult in this time for them to find. If they’re looking at properties, those types of properties have always been a little bit more difficult just in nature just to find good properties.
It’s always been hard. Conroe is a tough area.
Magnolia or something like that.
There’s not really a local investor-friendly contractor in Conroe. You’ve got to pay a Houston crew to go to Conroe. You’re losing really an hour each way every day.
We’re not saying don’t do those properties. You need to factor in that you’re going to pay probably more for it.
An extra $150 to $200 a day in labor alone.
In timeframe of finding somebody that is going to want to. All of those types of things. I had a friend call me and he had a small sheet rock repair. I was, “You’re going to pay premium for something that’s smaller right now, because people are able to go and do larger jobs right now. It doesn’t make sense for them to go domestic and small.”
Even in my own townhouse. It was too small for you all to do but I think I paid $1,400. It was less than a 4×8 sheet. I get it.
Just to get it done.
Just to get it done, right. It’s supply and demand on labor right now. What I recognize is it took them three trips to come back. It wasn’t any one great length of time, but it’s not like you can come in, knock it out in four hours, and you’re done that. They’ve got to show up. It’s two hours’ worth of work. Then they’ve got to leave because stuff’s got to dry and all that kind of stuff. Each and every time there’s probably an hour’s worth of prep time covering stuff with plastic. They’re not going to reuse all of that. People don’t factor those kinds of things in, that’s a real cost and people aren’t charging the right amount. That’s how smaller guys go out of business just saying, “I can do that for $100.”
Right now we’re just being very upfront as far as timeframes go for being able to come out and do estimates.
Jorge’s asking a question. He’s asking a question because nobody heard it on the air. He’s asking it on the book of faces. A lot of people follow us on Facebook.com/RightPathRealEstate. Jorge’s asking, “Currently after Harvey, how long from the first phone call to the inspection and quote? How long after that to begin work on the house?”
Right now I would say that it’s about seven to ten days to be able to get to the property, to be able to do a quote. After that if everything’s closed and utilities are on, and they decide to go with us, and we decide that it’s a property that is a good one in the sense of timeframe and everything else that we’re able to help them at that point, then we’d put it on the list, and we’re about three to four weeks, if not, some cases five weeks out. Again, I had a client. We’ve done quite a few properties for them. We told them, “Honestly, this is not a project we’re going to be able to do probably within the next month and a half,” just because it’s a very large property. We’re talking through that and he called back yesterday. He’s like, “I really want to use you guys.” We’re trying to figure out if in that scenario we’ve got an opening, if it’s a simple paint job or something like that.
If you know far enough advanced. A lot of these deals, they’re contracted now and you’re not closing for a while.
Realistically, we’re three to five weeks before we can start. I’ve heard the game as far as people that are trying to find somebody else. It’s across the board. Everybody’s going to be in the same timeframe.
We’ve got a property coming up. Jenna are walking it. We’ll build the scope of work, we’ll get that ironed out, and will want to be on your calendar if we close on the tenth. I don’t even know what day of the week that is, but we want you all to start on the eleventh. Come on, time is money. Time is money.
Just being upfront with people, if they have the expectation that they’re going to close and they’re going to get started the week after, they’re going to be in for an awakening that is across the board. They’re going to run into some frustration. Just allow yourself factoring in money costs when they’re purchasing the property, the hold times are going to be longer, to be able to factor in just all of that. Even ordering materials, some materials right now are extremely difficult to get.
You’re trying to order doors; flat panels. You either replace all your doors and go to a six panel door, which a lot of people have in stock.
If they want to replace one door because of the rest of the house is flushed doors, we’re going to have a hard time.
There aren’t many flat panel doors out there. You could either do it now with all brand new six panel doors or you can wait a couple of weeks for a flat panel door; Fast Track Remodeling. They’re your go-to investor only general contractor. It’s FastTrackRemodeling.com, 832-742-9992.
Thank you. Have a good day.
Next Gen Appraisals, Michelle Emler’s in the house.
Every single person in lending, title, investor or appraiser, I’m asking the question. Have you seen yet a property that was flooded that was rehabbed by an investor, sold by the homeowner to an investor? The investor rehabbed it to retail standard and then that house is sold to a retail end-user owner occupant on the open market.
I haven’t seen that yet either, but I did hear a funny story from a realtor.
Tell me the funny story.
They had a client that bought a house. They’ve got a hard money lender to do the deal so they got an appraisal. During the rehab it flooded. They had to start the rehab over and then refinance it, and it turned out that the refinance appraisal actually came in higher than the first hard money appraisal. I guess that’s really just speaking to the availability because we still don’t have anything that’s a closed sale after Harvey that’s been rehabbed. As of right now, I can’t see a price change that’s happening. I think it’s going to be very market to market, neighborhood to neighborhood.
I haven’t seen that it’s happened yet. We have a lot of contacts in the marketplace obviously. Even talking to Jennifer Hernandez with Legacy just recently and she said she’s not seen it. On the mortgage side, she would see that. I know hard money lenders are lending on houses that are flooded, and they’re given a slight discount. I went out with one of our students and did a sales presentation with a lady that’s up in Spring Area. Her house was maybe one of seven or eight that flooded out of the entire neighborhood. There’s a house like ten doors down from hers that was on the market pre flood, and it didn’t flood, and it was on the market for like $230,000. In October, at post flood, they lowered the price to $215,000 even though it didn’t flood. This whole theory about non-flooded houses is going to be worth more than flooded houses. I’m not seeing that.
I’m not seeing it either.
Retail sales agents are making that argument but I’m not seeing the marketplace go, “That’s right.”
I personally thought that the un-flooded inventory was going to slightly peak at value. However, what I think might have happened, because economics is so much more complex than that, we were starting to dip into a buyer’s market. We’re starting to see a slower turn times, more days on market. People were starting to have to reduce prices to sell and things like that. We were turning there and then the flood happened about a month into the turn. I’m wondering because we took that slight dip and now we’re kind of slightly dipped back up again. It looks like it stayed even the whole time.
It didn’t. It just basically reversed what was going to be a downward dip.
That’s good. Everybody’s afraid that the market’s going to turn and stuff like that, but having healthy peaks and valleys in the market is a good sign of a healthy economy. It was a good thing that we were seeing that slow down, but then now it just kind of evened out and plateaued again.
We’re seeing a lot of activity in the buy and hold space. Buy and hold investors are just going crazy right now. I’m sure you’re seeing that as well. I mean crazy in a good way, they’re buying. It’s a great time to be buying properties at a huge discount. Some properties that wouldn’t have cashflowed before in higher price ranges now will cashflow. If you can hang on to them for two or three years in some of these really nice areas, memorial houses and some others, they cashflow now.
There’s less of an impact on it, so if you’re doing the buy and hold strategy, renters tend to have less of an impact on, “I’m not going to pay as much in rent because it could flood,” versus if you’re buying the house.
That is because you’re making a longer term commitment.
I haven’t seen rent values dip at all because of flooding. If anything, they’ve probably gone up a little bit. It’s interesting to see all these complexities come to light because of this flooding event.
I’m joined in the studio with Michelle Emler. She’s NextGenAppraisals.com, 713-346-9911. Ginger’s asking a question, “Michelle, I sent an email on your website. I would like to get a sample of an investor desktop appraisal. Trying to get an appraiser that doesn’t have their eyes glaze over when I asked them for one. Can you help with that? I know you’re super busy, but would be great to get one.”
I will get in touch with you, Ginger. I did not receive that email, but I will get in touch with you. Write an email out to you with a sample report.
Going forward, are you seeing changes at inventory numbers? What are you seeing out there as it relates to the flood?
I haven’t seen anything impacted really on the retail side of it. We’re seeing obviously a lot of inventory on flooded houses. Those are even selling enough on the MLS where we can determine a more accurate as-is value now for flooded properties.
There are a few people out there that are actual end-user owner-occupants that are buying those properties. What they can pay and what an investor can pay, if that establishes the value for that property, it’s not necessarily what an investor can pay as-is on that.
We saw a lot of flooding in Katie. As we know, Katie has really good school district. Someone that maybe was trying to buy in to that school district that couldn’t afford it before is like, “Here’s our opportunity. We’ll do the rehab ourselves,” mentality. “We’ll have this really great house.”
The mistake I see a lot of end-user, owner-occupants, making in that situation is they’re buying a property with cash that they’ve got, thinking that once they secure it, “Let’s lock up this deal really fast,” once they secure it, they close on it. Now they don’t have the money to fix it, and what they want to do is get a home equity loan or something like that. Most of the people, “In the condition it’s in, there’s no equity.” They’re like, “I bought it at lot value or less.” The reality is there’s not a lot value price because they’re going off for a lot value based on HCAD, which is not necessarily a market lot value because there’s never been lot that’s sold in there in the last 30 years, because the whole neighborhood is developed 30 years ago.
There’s an algorithm and a method of how lot value is determined when it’s in an established neighborhood. Essentially, you back out the cost to build a house, and that’s what then market value for the lot would be.
I typically use on building a house about a $125 a foot. Is that a pretty fair number for?
I think so. It depends on the type of build you’re doing it, what siding block and beam thing.
That’s the number that I’d normally plug in. I feel like if I budget $125, I can go into Bel Air, I can go into West U, I can go into memorial. I can do a lot for a $125 a foot, not counting the cost of land. The issue is can David Weekly do it for cheaper than that? Yeah, but they’re doing thousands of houses at a time in an entire neighborhood. I’m never going to be at that scale, so I’m going to lose a lot of economies of scale and things like that.
They’re still going to end up selling at a $1.25 a foot, too because they’re obviously trying to make a profitable business. The other thing with end-user owner-occupants is they don’t have the investor mentality, this entrepreneurship mentality. Entrepreneurs always are evaluating risk and that’s why you buy houses at a reduced price than what a retail buyer would be.
We have cost in there. We’ve got the cost to sell it. That’s about 10%. We’ve got the cost to hold it. We’ve got the cost for the construction, and we’ve got to build on profit as well. They don’t have at least three of those because they’re not calculating their holding cost typically. They’re not calculating theirs 10% sales cost and they’re not calculating a profit. They can kick our tail every time.
You’re always going to lose to a retail buyer. The other thing, too, that investors have such a great amount of tools and resources available to them. You know you have your contractors. I know Fast Track was just on. Appraisers. You have this whole fleet of people available to you.
The inspectors, like principal inspections and investor-friendly foundation companies. All of it.
You have someone on your team basically coming out there and throwing up any red flags, whereas an individual that doesn’t have experience in the real estate space or rehabbing a home or flood properties. They’re flying by the seat of their pants thinking they’re getting a really good deal. We’re probably going to see a lot of these really good deals on the market in a couple years but it didn’t really pan out.
To reiterate, even if you’re a brand new investor and you’ve got zero experience, when you put together your team, whether it’s us as a coach or you as an appraiser, you’ve done hundreds, if not thousands, of houses on appraisals. If Fast Tracks hasn’t crossed a thousand houses, I’m sure they’re soon to cross that number. Anybody that specializes in that investor space does a typically much higher volume than what’s done on the retail side.
Something that’s not really highlighted with this group of people that you all have with Right Path, the vendors, is that we all know each other and we all call on each other when we need help. I’ll call Jeremy for help with something. He’ll call me if he’s confused about something, vice versa. Pretty much every hard money lender I have a really good business relationship with. We’re always contacting each other, trying to keep each other in the loop. That just only makes it better not only for us and our businesses but for our clients as well, which is you, the investors.
If you need an appraisal, whether it’s a desktop, whether it’s a full-blown appraisal, whether it’s residential or commercial, do you also you all do commercial?
We do not cover commercial, but we do multifamily, two to four unit.
Small multi-family, two to four units like duplexes and quads. NextGenAppraisals.com, 713-346-9911. Thanks for coming in.
We’re joined by Jerry Ta. He’s from PropertyCareHouston.com, 713-489-7653. One of the things that we always talk about is let the tens do it. In fact, we have a big banner. You come to one of our weekend retreats. We’ve got one coming up next weekend, not starting tomorrow, but next weekend. You’ll see a big banner that just says, “Let the tens do it.” What we’re talking about is one of the illustrations we give is about CarMax. When you stop and think about how CarMax runs their operation versus how a mom-and-pop used car lot runs their operation. The guy that is the mechanic for CarMax that brings the car up to new car specs, is not the same guy that is the car sales guy, wearing the golf shirt that says CarMax on the logo and he greets you when you come in, “Welcome to CarMax. What can I help you find?” Those guys should never switch jobs, because the mechanic’s not going to be a great sales person typically, and the sales guys not typically a mechanic. Those are different personality types, different skill sets, all of that. If you’re a ten at being a mechanic, you’re probably not a ten at being a salesperson. If you’re ten at being a salesperson, you’re probably not a ten at being a mechanic. You need to outsource to people that are tens at what they do. You’re a ten at property management.
To your point is that just because you can do it, doesn’t mean you should do it.
Another example that I give is when I first got into the handyman business, just a little bit before Fast Track, I partnered with a guy I was going to church with, and just part of my due diligence I said, “Let me ride with you one day and see what a typical day is like for you.” He goes, “Okay.” That one day, we went to three different Home Depots, two different Lowe’s, and a McCoy’s Building Center to pick up materials and take them to job sites. I just basically said, “I know you can do that and you’re really good at it, but what is your time worth?” Number one, we did a short calculation and figured out he wanted to be making $40 an hour for his time. I’m like, “Would you ever hire somebody for $40 an hour to do that?” He goes, “No.” I go, “Then why are you doing it? I know you can do it and you can do it really well but should you be doing it? He goes, “Probably not.” I’m like, “That’s not the best use of your time.” By the same token, when you look at can you manage your own properties? Yes you can. Why would you when you can outsource it for $85 a month. In your time that you spend entering a phone call or whatever that is, isn’t that worth $85 a month per property?
It probably is. Usually the answer is that they can do it better. The answer is yes, you could probably do better if that’s all you are doing.
You could do it better if that’s all you’re doing. Do you all track the phone calls when they come in and all that kind of stuff? I’d love to know the percentage of air conditioning units that fail after 5:00 PM on a Friday.
Why does it never seem like it fails at 10:00 AM on a Tuesday, when you’ve got like an entire week. If somebody called me on a Tuesday morning at 10:00 and said, “Tom, my air conditioning system’s not working,” I could easily call my AC guy out. He’d be there by 1:00 PM or 2:00 PM. He’d fit me into the schedule, all that kind of stuff. It never seems to happen that way. You’re going out for date night on a Friday night, you’re getting dressed and all that. You’re heading out at 6:00. You got the kids taken care of, whatever it is. It’s now 6:30, your tenant calls, “My AC’s out,” and it’s like, “Son of a gun,” because you know your AC guy’s going to be tough to get a hold of. He might be having a second or third beer for the night because he’s calling it quits. He’s at home and all that kind of stuff. It’s like, “Yuck.”
Just because you can do it, you shouldn’t.
PropertyCareHouston.com. Flat rate, $85 a month. Why would you do it yourself? 713-489-7653. You’re also one of the experts that I rely on to and say, “Boots on the ground, what’s going on out there in the marketplace? What are you seeing in terms of inventory, days on market for rentals, things like that?” My assumption is, before you give me the answer, is that were relatively tight on inventory. Meaning that when a property becomes available, it rents up pretty quickly. Assuming you’re not trying to run a $1,200 a month property for $2,000 a month. You’re not trying to gouge the marketplace. It’s not so tight, we’re not able to sell bottles of water for five bucks a bottle anymore or anything like that. I mean pricing come back to normalcy, but what are you seeing in terms of days on market and inventory?
I would say things are moving quicker for this time period than previous years.
New tenants, what are you seeing there? Are you seeing any trends develop, or is it just kind of random all over the place, or have you even looked at that? People that have been living in Missouri or Arkansas, someplace like that, and because of a better job opportunity here, are they moving here for better jobs? Are they leaving mom and dad’s place? Are they new college graduates looking for a house to live? What are you seeing? What’s the demographic of who you’re seeing moving here?
I want to say we’re a little bit all over the place.
We get a little bit of everything. As far as the inventory goes, any house that’s worth anything, we move pretty quick. Right before we got on the air, we’ve just done the flooring. I have one house right now that’s on the market where it had carpet, and the previous tenant had a dog, and multiple whatever feedbacks, there’s a smell.
The investor doesn’t want to pull that old carpet out?
No, the carpet still looks nice. It’s still good, but when you walk in that smell just hits you right in the face.
It’s like a wall of odor. It’s odoriferous.
We’re just talking about flooring and how vinyl plank, I thought, is a much better option than carpet going forward.
It is. There’s not really much place for that odor to hide.
Like I said, most properties have moved pretty quickly, but for this one, we did a little carpet fresh, did a little bit of some air scents around the house, and it still has that scent in there.
It was dogs, not cats, right?
It was dogs. When you put too much air freshener, people think you’re trying to hide something. You can’t overdo it.
Besides air freshener, are you trying anything else? Have you tried an ozone generator?
We have not. We did a carpet fresh, try to clean it out and try to put some more stuff on it.
Had the carpet’s been steam cleaned? Sometimes odor gets down into the pad.
That’s usually what it is. You can clean the carpet all you want, but once it’s in the pad the smell’s going to stay there and all you can do is mask it.
The only thing worse than dogs are cats.
The cat hair we always have issues with, but I don’t really have too many problems with cat smell.
Because you deal with tenants, I wouldn’t suspect there are that many tenants that have twelve, fifteen, eighteen cats. When you’re buying houses to flip as an investor, oftentimes we’re buying hoarder houses, we’re buying the infamous cat lady house, that kind of stuff. I remember there was one house. We actually called it the cat house, because without trying to duplicate the number of cats, I think I saw 27 cats living in this house. There was no one living in the house at the time except for the cats. There was a family member that would come by once every three days and all they would do is do the best they could on changing the litter box and every litter box was. Every time I went over there it was just stacked. It was disgusting. They would lay out a bunch of big old troughs of food, water, and stuff like that. There were 27 cats living inside of this house. You can imagine the odor.
That’s pretty bad.
It was real bad.
The worst house I’ve gone to, it wasn’t just the amount of pets but she had so many different types of pets. Two dogs, two or three goats.
Living in the house?
No, outside the house. The two dogs are in the house. She actually closed off a whole bathroom so her birds can have a whole bathroom to themselves.
Her husband had left her.
That explains it.
I wasn’t surprised because when we went to the backyard, we had a giant pig show up, and I didn’t know.
Was this in a residential neighborhood?
It was in Needville.
It’s a little bit further out. When I first saw this pig, I thought that was like one of those wild hogs that was about to run up on us.
Like a boar?
She’s like, “That’s my pet.”
I was like, “Okay.”She was telling me how her husband left. The moment you brought that home, I would’ve been out the door also, like, “That’s awesome. The game’s over now.”
We don’t need another pig in the house. Just one more mouth to feed.
If you have any questions about property management, how it works, pros and cons. If you want to discuss any of those questions, feel free to give us a call. PropertyCareHouston.com, 713-489-7653. What’s the easiest way for someone to get started? They buy a new property or they’ve been managing let’s say, they’ve got four or five properties themselves. They’ve been managing properties. Do you want to take over occupied properties? Do you want to take over properties when they’ve been vacant? Do you care? What’s the cycle?
We take them all. As far as buying occupied properties, I never had a good experience. I’ll tell you that now.
I agree with that, because the seller is always going to say, “It’s just time to sell.” What it always is the problem property is a problem property because of the problem tenant. When you’re buying a property, there’s always a problem with the tenant. Otherwise, if there was no problem with the tenant, they wouldn’t be selling the property. If somebody just paying on time every single month, the check shows up, they’re never calling and complaining. Typically, if there’s a problem tenant, it’s oftentimes because it’s a problem property, right? Those go hand in hand. The tenant’s tired of calling and complaining about stuff that the landlord’s not fixing. I would concur with that wholeheartedly. Again, PropertyCareHouston.com, 713-489-7653. Give us a call.
Welcome to the show, Right Path Real Estate Radio. 713-785-1817. Go to RightPathRealEstate.com. We’re going to be talking about wealth and income, if you want to learn how to grow your wealth and increase your income. What if you could increase your income by $1,200 a month by the end of next year? If your boss came in and told you, “You can have an increase of $1,200 a month as a raise,” you’d be pretty excited about that. What if you wanted $1,800 a month? Or you wanted $2,400 a month? You get to decide how much extra you wanted to have on a monthly basis. What if, without speculation, you could grow your net worth by $60,000 next year starting with a relatively modest amount? If I put money in the stock market today, I’m speculating. I’m speculating what it’s going to do, where it’s going to be a year from now. If I bought 1,000 shares of Exxon stock and it’s trading at $87a share, I have no idea a year from now if it’s going to be worth more than what it’s worth today. It could be worth more, it could be worth less, it could be worth exactly the same. I have no idea what it’s going to do. I have a strategy that you can learn how to build your wealth and your income. If you want to know more about that, all you need to do is go to RightPathRealEstate.com and register for our free event. We’re going to teach you how to do that tonight. 11451 Katy Freeway.
Jason and I, if you don’t know our story, we built Houston House Buyers from July of 2013 to today. We’ve bought, fixed, and flipped about 450 houses since July of 2013. We know how to do it as a business. If we know how to do 450 houses in three and a half years, don’t you think we can teach you how to buy a couple? You want to learn how to bake a cake from someone that’s in the cake baking business? Doesn’t that make sense? You want somebody that’s done it time and time again. That’s what we do in our weekend retreat. We teach you how you can either become a landlord, a buy and hold investor or if you want to flip a house, the real cost of flipping a house, if you want to be a lender, or if you want to wholesale. We teach all of those in our weekend retreat. You could register for that. That’s not a free event, but it’s worth every penny that you invest.
If you’re not investing yourself, making your skill set better, then you’re not growing and your life is not improving. Go to RightPathRealEstate.com. Register for the free event. You can meet a lot of the people that are on our team. Daniel Vera asked a question, “What flooring do you recommend for a house that’s being rehabbed that had flooded?” It depends on if it’s a flip or a buy and hold. If it’s a buy and hold, I would definitely go with the glue down vinyl plank. I’d go with the higher quality, like an Armstrong Flooring or something like that. If you want to know more about that, give Fast Track a call 832-742-9992. If it’s a flip, it’s going to be based on what the price range of the house, what you’re comps. Your comps will tell you what type of flooring it’s going to need. Thanks and have a great day.