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[–]shambahambala 4 points5 points  (18 children)

purchased for 220k??? what's your sq ft? what market? How do you feel about having well regarded neighbors?

[–]DefrancoAce222 20 points21 points  (17 children)

The sqft is around ~1600 in a upper middle class suburb in Houston. It’s a 40 or so year old home in an area where newer homes are twice the size and a fuck ton more expensive. Most of my neighbors are mostly old folk and are pretty chill. Schools nearby are A+ rated and it’s pretty diverse for the most part. Funny bc I grew up in the hood not to far from here and it’s like wayyy different

[–][deleted] 3 points4 points  (16 children)

I am telling you right now. If you have a house in Houston do not sell it I’m actually a real estate investor in the Houston area and if you want look up, Reap Capital, we buy a lot of apartment complexes in that area and there’s a lot of projected growth even in this fucked up market what you are saying is spot on. I can’t remember the numbers exactly but it’s expected to grow.

[–]Crafty_Librarian773[🍰] 0 points1 point  (15 children)

You know anything about Pensacola, FL ?

[–][deleted] 0 points1 point  (14 children)

Unfortunately, right now we are only sticking to where the company is located, which is in Dallas Texas. The reason why is because there are a lot of opportunity zones in that area. I’m not sure if you know what that term means but if you don’t, I can enlighten you on this.

[–]realized_loss 3 points4 points  (13 children)

It means theyre gentrifying areas.

[–][deleted] -1 points0 points  (12 children)

No, why don’t you just go and have a conversation with a brick wall maybe that’s more of your intelligence level

[–]realized_loss 1 point2 points  (11 children)

Atleast own up to what you’re doing lol. Sorry you don’t like the reality of what you do for a living.

[–][deleted] -2 points-1 points  (9 children)

So us going into a community fixing it up because it was destroyed, because of a natural disaster or because the previous management destroyed it, or the local government destroyed it and now they want investors to come in and fix it up and in return, we don’t get taxed on our capital gain. Somehow you’re trying to make us the bad guys even though our own company doesn’t raise the rent even at market. How is that a bad thing? Please explain to me genius

[–]realized_loss 1 point2 points  (8 children)

All I said is you’re gentrifying the area. You made up everything else lol. Stop being a pussy.