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houston10

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Posts posted by houston10

  1. yeah we have been seeing more developers going belly up. Its not as bad as florida. Apparently there are a ton of 100 units condos with only 10 owners and a developer that is bankrupt which is pretty much a mess for the few people that bought.

  2. Personally my issue with the flood plain has nothing to do with the water. Yeah it might flood. I am more worried about it burning down and then having to deal with the city to rebuild it. As was talked about you can try and fight the city but its alot easier to just buy the house next door.

  3. "hen even a multibillion-dollar building would be minting money inside of five years " I have seen most properties with a cap rate of around 10%. So if you bought in cash you would get a 10% return and your investment would be paid back in 10 years. Of course most people dont buy in cash.

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