Wednesday, April 24, 2013

 This is called Uptown 408. This is a condo/townhome living right behind Northgate in College Station. It is toward the right side of the Northside Parking Garage. This is a new trend in this college town. People are looking for a modern look, garage, and just something different then your regular apartment complex. I bought my two friends to this property and they are now leasing the 3 bedroom/3.5 bath for next school year.
 This is Uptown 408 Advertisement to lease the condos up. They have one 3 Bedroom/3.5 Bath and 9 one bedroom/1.5 Bath.
 During the construction of the Uptown 408. This project is still on its way.

Top 10 Housing Predictions for the New Trends of 2013 from Dave Liniger, CEO of REMAX.

Monday, April 8, 2013

Property that I would invest in?

The first question would have to be in what city would I invest in for Real Estate. I would have to go with the city of Houston. I have been all around Texas and I have not seen a city that has as much going on as Houston. I will be starting my career in Houston. I am working with developers on Houston that work on building apartments, shopping centers, residential homes, office buildings, and the list goes on. Every corner you see some kind of building going up. I sure will be busy starting in May.
http://www.houstontx.gov/planning/_GeneralPlan/Growth.html

The second question is what kind of property would I invest in. I come to two different options. I would either invest in a strip center on the side of a highway with easy access or a multifamily apartment/condo complex.

A strip center with great access and renters will thrive in Houston. People are moving there and staying year after year. You need this centers for easy access close to peoples work and homes. It is all about how close, how easy, or traffic flow when looking. Location, Location, Location.

I am a leasing agent for multifamily apartments right now, so I have some knowledge of the interworking of this side. When in Houston looking for a place to live, it was hard to find an apartment that was not full. About 85% of the apartments I looked at were full and I was put on a waiting list. That is a good sign for investors of that property. I would research good management companies and look at the past years to see if the apartment complex has been a success.

In conclusion, I would have to do a lot of research for both of these options. Pick the pros and cons and decide with the best option

Foreclosure in my Neighborhood!

http://homes.yahoo.com/Texas/Corpus_Christi/main-royal-dr:98c99e4c11f7c1c142e1d7b304d43918/

This property is right across the street from my house back in Corpus Christi. I was always wondering what was going on with this property. It took a while for the contractors to finish this house. I remember looking inside this full of concrete home and wondering why they were going so slow.

I still to this day do not know what the story is to this home. It is a massive home in a great neighborhood, but never got to be used. When looking at foreclosures, I found this judicial foreclosure on yahoo. I was amazed how their are a lot of these foreclosures and that they could be your neighbor like this one.

In my opinion, I think this home was too expensive for the owner and lost this house during 2008-2009. I know I have not seen anyone on that property for a few years now.

Saturday, February 23, 2013

Texas Real Estate

While the rest of the world  has a market decrease in new homes, Texas is looking better now and in the future. Bring on the Real Estate.

http://recenter.tamu.edu/recon/

Friday, February 8, 2013

Corpus Christi, TEXAS

Corpus Christi, Texas

Facts:
8th Largest City in Texas
277,454 Population
452.2 Square Miles (327.9 of water)
5 Million people visit this city per year
"Birdiest City"
5th Largest Port
Petrochemical, military, and Tourism are the top industries
Increasing number of Hispanics
Anglos are 1/3 of population
Age group 1-3 are 72% Hispanics
Much younger population

I live on Padre Island which is connected to Corpus Christi by a 5 mile long bridge. It is a wonderful place to live because there are many different things to do. You have the what a normal town/city would have plus the beach and ski canals. On the weekends, usually you will be in some type of body of water. Wakeboarding and surfing were very popular among my friends and I.



Monday, February 4, 2013

Boonville Project- Gentry/Harrison

Mike Gentry and Dr. Harrison came to class on January 28, 2013. Mike Gentry is a Lawyer and Dr. Harrison is the owner of the land in Boonville and practices medicine.

The land in Boonville that is owned by Dr. Harrison has been in the family for quite some time and he thinks the time is right to sale the property. The Property along Highway 6 used to be in a city called Boonville. It is by a cemetery where free slaves were buried by act of Lincoln. Boonville used to be a very very small city, but it is historical.

Dr. Harrision has a hotel and country store being built on his land by Bryan. On the other side of his property he is going to build Elderly Living Homes.

That is what his sights were, but many different turns made the process have setbacks.
      1)He had to spend $237,000 to get oil off underneath their land to build on the property.
      2) $1.8 Million for road in the middle of land (Required)
      3) Design guidelines (Required)

It took about 18 month for the process to go under way. He has learned a lot of Real Estate terms and procedures from this. He has put a lot of time and money to do things the right way for the land and future residents, but it will pay off in the future.