Drew Platt has been a licensed realtor for over 20 years, handling both commercial and residential transactions. In that time, he has been an active broker in Missouri, Indiana, Kentucky, and now Texas. Drew moved to Houston in 2008, and has since enjoyed familiarizing himself with the city, especially its inner loop neighborhoods. He has used this to his advantage since coming to Boulevard Realty, where he works with a considerable mix of buyers, sellers, tenants, landlords, and investors. This breadth of experience spanning so many different aspects of real estate and locations gives him a unique ability to adapt and thrive in a variety of real estate scenarios.Drew's interpersonal strengths include being a great listener and having excellent recall, both of which he puts to use in his active communication with current clients. Drew's dedication and passion for real estate are not just seen in his interactions with clients, but also in his commitment to putting in the work day in and day out at the Boulevard Realty office. This gives him good awareness of what's going on at the firm and keeps him plugged into neighborhood happenings. He is known around the office as a "go-to" guy and is one of the first people that comes to mind for referrals.One of Drew's main interests outside of real estate is his furniture business. He designs and fabricates furniture out of reclaimed materials. Part of what he's loved about taking root in Houston is the popularity of art fairs and pop-up shops. By frequently participating in these opportunities for Houston's growing community of makers, Drew has been put in touch with numerous other craftsmen, artisans, and local business owners. He is especially fond of events like the Heights' First Saturday Arts Market which allow him stay involved in local neighborhoods.
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709 17th Houston, TX, 77008
MLS# 81064970 (HAR) / For Sale
Broker: Boulevard Realty
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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!
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