Houston Turnkey

Updated: Jan 09, 2012

Open to Learn More about Houston

Houston excels at providing a broad range of very cost-competitive housing options; in fact Houston’s housing costs are the lowest among the 27 metro areas with more than 2 million residents. The Houston economy ins very diverse with a mix of public and private employment, companies of all sizes and a very dynamic not-for-profit community. Houston offers the world-renowned Texas Medical Center, with the world’s largest concentration of expertise in medical treatment and care, medical research and medical technology. Houston also offers the Harris County Hospital District and eight specific facilities ranked among the top 50 in the U.S.

Largest Retail Market in Texas – Harris Co. Texas Retail Survey – March 2012

Most Racially/Ethnically Diverse Large Metro Area Kinder Institute for Urban Research & The Hobby Center for the Study of Texas – March 2012

Top U.S. Manufacturing Cities Manufacturers’ News, Inc. – January 30, 2012

Fastest Growing Wages in U.S. Business Insiders – January 12, 2012

Top Technology Job Growth CyberCoders (as reported by Houston Business Journal) – January 11, 2011

Top 10 Manufacturing Cities Business Facilities – July/August 2011

America’s Best Hospitals – Cancer, University of Texas M.D. Anderson Cancer Center U.S News & World Report – July 2011

Fastest Growing Millionaire City in the U.S. Forbes.com – July 14, 2011

Fastest Growing Metro Area Rice University’s Kinder Institute for Urban Research – July 12, 2011

houston skyline

Yields in the Houston area are lower compared to some of our other offerings but they are of newer construction and offer excellent seller guarantees!

12-Month Rental Income Guarantee. If there is any non-payment of rent, tenant-turnover or vacancy during the first year, the property management company will continue to pay you the full rental amount and cover the tenant replacement costs out of their own pocket.

12-Month Repair Guarantee. If there is any maintenance required during the first year that you own the property, the seller will cover it out of their own pocket.


Woodcamp Drive, Houston $77,000. Great Brick Home, Single Story.

3 Bed/2 Bath

1445 Sqft

Year: 1983

Occupancy: Yes

Purchase Price: $78,000 ($1000 approx. closing cost)

Rental Income: $950 (Monthly)

Monthly Expenses:

  • Property Mgt: $85.50
  • Property Insurance: $84
  • Property Taxes: $162
  • HOA (Association) Fee: $27
  • AFH Admin Fee: $95

Yield: 7.63% Items such as repairs & vacancy are not included and will affect ROI.



Copper Valley Court $ 75,000. Great brick Home, Single Story

3 Bed/2 Bath

1312 Sqft

Year: 1979

Occupancy: Yes

Purchase Price: $76,000 ($1000 approx. closing cost)

Rental Income: $950 (Monthly)

Monthly Expenses:

  • Property Mgt: $85.50
  • Property Insurance: $85
  • Property Taxes: $158
  • HOA (Association) Fee: $21
  • AFH Admin Fee: $95

Yield: 7.98% Items such as repairs & vacancy are not included and will affect ROI.



Rustyleaf Lane  $113,000  Brick Home, Single Story, Good rental, Established area,

Rustyleaf Lane $113,000 Brick Home, Single Story, Good rental, Established area,

4 Bed/2.5 Bath

2425 Sqft

Year: 1974

Occupancy: Yes


Purchase Price: $114,000 ($1000 approx. closing cost)

Rental Income: $1450 (Monthly)

Monthly Expenses:

  • Property Mgt: $130.50
  • Property Insurance: $125
  • Property Taxes: $238
  • HOA (Association) Fee: $43
  • AFH Admin Fee: $145.00

Yield: 8.09% Items such as repairs & vacancy are not included and will affect ROI.



Autumn Harvest Dr  $109,500  Great Location, Big Lot.

Autumn Harvest Dr $108,500 Great Location, Big Lot.

4 Bed/2.5 Bath

2218 Sqft

Year: 1978

Occupancy: Yes


Purchase Price: $109,500 ($1000 approx. closing cost)

Rental Income: $1250 (Monthly)

Monthly Expenses:

  • Property Mgt: $112.50
  • Property Insurance: $92
  • Property Taxes: $234
  • HOA (Association) Fee: $27
  • AFH Admin Fee: $125.00

Yield: 7.22% Items such as repairs & vacancy are not included and will affect ROI.


HOW TO BUY

From start to finish, this process takes about three weeks.

 1. Select a House. Pick a house that appeals to you and fits your budget. Or, if you need help selecting one, please call or contact us. We can provide additional information and pictures. We’re glad to help! Once you have chosen a property, let us know (form below). We will email you a contract and application with and you will need to make a $7000 deposit to reserve the house for you. You have an “option period” (7 day free-look).
2. We Prepare Documents. American Full House will reserve the house. We prepare and email a set of purchase/LLC documents for you to sign and courier back. Based on your application, we open up the LLC bank account with your name. Along with this we have the house professionally inspected to verify it’s condition. We will arrange to have any major repair items (if any) fixed. You will receive an copy of this via email.
3. Make Final Payment. Once the property has passed the independent inspection, you make the balance of the payment and the property is officially yours! The property title and lease is transferred to you/your new LLC and the rents starting coming to you. Every property is purchased with “title insurance” which guarantees that the property of free of any encumbrances, liens, defects, etc.

All properties are subject to availability and are sold on a first-come, first-served basis.  If you cancel the transaction, you will owe only actual expenses such as professional property inspection (approx $400) and the one-time LLC formation fee ($1525). However, the LLC can be used for any future purchases. American Full House is assigned a 2% interest in the LLC; this allows us to run the LLC for you and execute contracts on your behalf (with written permission from you). Cash transactions only; we do not have financing available for foreign buyers.


You may also reach us:

      • +1-512-828-7150 (Office)
      • +1-512-947-9909 (Mobile | SMS | iMessage | WhatsApp | Viber)

Your Name (required): First Last/Surname

Your Email (required):

Telephone: Country Code Number

Subject:

Your Message (required):

Kindly let us know how you found this website: Referral Broker Newspaper Ad Facebook Ad Internet Ad Internet Search Other 

Please enter the characters seen here in the box:
captcha (required)

Subscribe to our weekly newsletter with USA real estate trends and available property. Cancel anytime.  Yes No 

 

The information presented here is accurate to the best of our knowledge, however occasionally typos, human errors, and others could be present as data is entered in to the spreadsheet. We will verify all items during the closing process. The final closing documents should be used by you to verify accuracy of all information presented
Share

line
footer
Powered by WordPress | Designed by Elegant Themes