Drew Platt

Boulevard Realty

Drew Platt Client Experience Rating

Overall Rating
4.92 / 5.00

Based on 61
Completed Surveys

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4.85 / 5.00
4.97 / 5.00
Market Knowledge
4.95 / 5.00
My Experience
4.90 / 5.00
Easily one of the best I've worked with in Houston
Buyer's feedback on Commonwealth Street
on 07/18/2019
Drew Platt Client Rating & Feedback
Street Name: 29th Street
Represented the Buyer - Survey On 08/01/2019
Overall Rating: 5.00 / 5.00
Competency 5 / 5.0
Market Knowledge 5 / 5.0
Communication 5 / 5.0
My Experience 5 / 5.0
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Drew Platt Bio

In 1997 I became a realtor in St. Louis, Missouri. Shortly after, I was licensed in Indiana and Kentucky and eventually affiliated with F.C. Tucker Commercial Real Estate, serving southern Indiana and western Kentucky. I was named Vice President of the company in 2001 and remained so until I relocated to Houston in 2008. Real estate has been a passion of mine for years and I especially enjoy matching people with their ideal property. My family (including two children, two dogs and 3 cats) and I lived in a 100 year-old house here in the Heights until recently. We now own a lot in the Glen Park neighborhood and are planning to build. I am always excited to meet new clients and I service all of the Houston area.

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Listings by Drew Platt & Prior Sales


Drew Platt Specializes in the Following Neighborhoods:

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Community Activities by Drew Platt

2 Points  

Bronze Level
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when buying an investment property, how does one find a property/area that generates the maximum rent for the least amount of investment?

The 1% rule can be used to narrow the scope of your search. I use it as a base level perimeter when helping investors. The difficulty is the same as using a Gross Rent Multiplier - it deal in gross income. In Texas our property taxes are higher than majority of other markets. The 1% generalization may make sense when property taxes are 1.05% as in St. Louis, MO, but might no the make sense in a part of Houston where the tax rate is 2.9%.\n\nNet Oporating Income (NOI) is important to know or estimate - Net Operating Income = Gross Income - Opporating Expenses. Gross Income is the income a property produces (or is projected to produce as in a proforma). Opporating Expenses are all reasonable costs associated with the property like vacancy, utilities, management, taxes, etc... but not debt service. (Please research the complete definition.)\n\nKnowing the intention of your investment is also key. Some investors want cash flow while others are interested in appreciation. It is common for a property to have strength in one or the other of these. In a property with high cash flow (monthly income) it is less likely to have strong appreciate long term. Conversely, properties with potential for strong appreciation often do not cash flow. Knowing what is important to you and on what you might compromise is key. \n\nIdeally one would find a property with enough cash flow to cover costs, but still with a better that average appreciation. Ultimately, working with an agent who has experience is a good start. Educate yourself on the areas you and an agent decide have potential. Have your agent construct a search that reteurns properties might work and study the market. The more educated you can become about your chosen subject the more comfortable you can be when you see an investment that might work. Strong investment sell quickly so confidence in one\'s knowledge is essential in making an astute investment. Build a relationship with someone you trust and stay informed!

in Foreclosures & Investments, 2 years ago

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Boulevard Realty

927 Studewood, Suite 200 , Houston, TX 77008

Drew Platt with Boulevard Realty is a real estate professional in TX. View Drew Platt bio, Listings by Drew Platt, Neighborhoods where Drew Platt is active and more. You can contact Drew Platt by phone, email or visit the website.

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