Comments on: About Rich Martin

By: Rich

Rich — Thu, 19 Jan 2012 22:07:18 +0000

I don’t know how I missed this, i drive past it every day. Will let you know what I find out….Rich

By: Melissa

Melissa — Wed, 18 Jan 2012 17:25:42 +0000

The Conoco and The Old “Cigar Shop & Bar” behind it on Studemont and White Oak are for sale. Do you have information on this?

By: Rich

Rich — Wed, 17 Aug 2011 00:12:49 +0000

Emmanuel, i would love to look at these lots for you. Land sales have been horrible the last 2 years, but maybe things are changing. I closed on a lot on Marie St a couple weeks ago (near Quitman/I-45) that I had listed for quite a while. I also sold 3 lots on Lawson St (I-45 near Telephone Rd) to City Homes…just closed yesterday. I also heard that Prosperity Bank and Amegy are starting to make loans to builders, so that helps too.
I will drive by tomorrow and see what is being built in the area, look up prices etc.
I am overwhelmed this week….I like being busy, but i wish it were spread out some. I will give you my opinion by email ASAP, then we can talk. Thanks for contacting me. Feel free to call anytime too….Rich

By: Emmanuel

Emmanuel — Tue, 16 Aug 2011 21:06:45 +0000

Got some lots in Sunset Heights, Im looking to sell them. But i haven’t had any luck moving them. Perhaps you could assist me. Property is on east 29th. They are next to new construction. The measurements are 75X120 with alley access from back.

thanks

emmanuel

By: Rich

Rich — Wed, 10 Aug 2011 19:28:22 +0000

Dan, I drove by your house.& looked up info on HCAD. I think you are one of the very few people who have a good sense of market value. I would agree on the price of ~$230K for the 10,000+ SF lot. It’s in the floodplain, but just about everything in Shady Acres is, so no problem with that.
I sent you a separate email with comps, etc. Cal to talk about market conditions, etc., or to set up a meeting.
Thanks…Rich

By: Dan Rifenburgh

Dan Rifenburgh — Mon, 08 Aug 2011 04:43:34 +0000

I own a 1/4 acre lot and in Shady Acres and need to sell. Let me know if you have any interest or ideas. I think it’s worth $230K.

By: Rich

Rich — Fri, 27 May 2011 02:58:59 +0000

A total re-do is always scary. You don’t want to over spend for a particular neighborhood. I’ve known investors who did a real simple update, then rented it. The plan was to hold for 5 years+ with the intention of doing a grander re-do later (granite, etc) as the area improved.
Anyway, give me some basic info (address, SF, # BR’s, # Baths, etc.) include photos and we can go from there. I could give an idea of before & after values.
Eado is a tough area. We opened an office there knowing it won’t be profitable for a while, but it will eventually be very strong. So…send more info and we’ll figure it out together….Rich

By: Lilly

Lilly — Thu, 26 May 2011 16:59:27 +0000

Do you ever just consult with people who own one of these diamonds in the rough, and just don’t know how to make it profitable as investors? My husband and I have one in EADO and know it has great potential but we are not certain what to do with it.