Wednesday, February 29, 2012

Thank you for taking the time to view my blog. Again, I am a State of Texas licensed Realtor that works with buyers to locate property. My focus throughout the Dallas/Ft Worth Metroplex are single family rental, duplexes, 4-plexes and small commercial multi-family property. This blog is updated bi-monthly (I also send out a bi-monthly email with the latest property update, let me know if you would like to be added to that list).

I am always happy to customize a search specific to your needs. I know some people want full investment properties while others are looking to Owner Occupy one unit as a primary residence and rent the other unit for extra income (so the other tenant is paying the mortgage for you) – because of this parameters vary from deal to deal.

Below are links to the properties for the MARCH 1st List:

SHORT LIST OF DUPLEXES PRICED UP TO $160K

FULL LIST OF DUPLEXES PRICED UP TO $160K

SHORT LIST OF DUPLEXES PRICED OVER $160K

FULL LIST OF DUPLEXES PRICED OVER $160K

SHORT LIST OF TRI/QUAD PLEXES

FULL LIST OF TRI/QUAD PLEXES

FULL LIST OF COMMERCIAL MULTI-FAMILY


OTHER PROPERTIES FOR SALE – UPDATED MARCH 1st

1. 36 units in Carrollton – Value Play – Motivated Seller - $850,000
2. 12 units off Swiss – Property updated 5 years ago – REDUCED to $600K
3. 40 units in downtown McKinney - $1.75M – REDUCED
4. 19 Units in Garland – 9.5% Cap – REDUCED to $495,000
5. 15 units next to UNT in Denton – NOW $399K – bank owned
6. North Richland Hills 4-Plex - $275K, tenants pay all – good rents and cash flow.
7. 18 units in North West Arlington - $675,000 – 9% Cap
8. 5 Single Home Package - $534,000 – Garland/Rowlett areas
9. 4-plexes in Kenndale - $189,000 – Very solid rents
10. REO Single Family homes with tenants in place - $85,000 - $110,000 range. All tenants are Sect 8.
11. 16 units in Lake Ray Roberts area & 24 storage units - $750,000
12. 52 units in Mesquite - $2M – 9% cap, good unit mix
13. 85 units in South Irving - $1.3M
14. 64 units in East TX - $2.2M – SELLER FINANCING
15. 20 units in Ft Worth Hospital/Magnolia Area - $1.1M – Seller Financing
16. 32 units in Denton – 9% Cap
17. 12 units in Burleson – 100% occupied. $369,000
18. 13 units in Arlington/UTA - $499,000
19. RV Park for Sale - $475,000 – 24 spaces
20. RV Park – 74 spaces - $750,000
21. RV Park – 51 spaces at $699,000
22. 36 units in Central Ft Worth - $950,000 – value play/redevelopment play – close to major retail area
23. 148 units – Distressed on occupancy – no down units – motivated seller – Dallas - $1.75M

SINGLE FAMILY RENTAL – Below are ISD’s that I’m focusing on for properties under market value and in COMP range. These areas have been extremely popular with renters and tend to lease quickly.

1. Keller ISD – Solid area and continues to be consistent for leasing and finding opportunities.
2. Mansfield ISD – Homes will be a bit more expensive here but rental market remains solid and you will get higher rents.
3. Plano ISD – Always popular, won’t find many new builds but in between the Tollway and I-75 is popular for renters.
4. Northwest ISD – In NW Ft Worth, good schools and lots of new builds. The area lacks substantial retail but that is coming. Good rents.
5. Frisco ISD – Starting to stabilize but higher prices – worth following to see if some deals pop up.
6. McKinney ISD – Similar to Northwest ISD – lower costs homes and consistent rents makes it a popular choice.
7. Cedar Hill and Desoto – South Dallas (south of I-20) – less expensive homes and solid rents


DO YOU NEED TO LIST YOUR INVESTMENT PROPERTY OR RENTAL VACANCY ON MLS/REALTOR.COM?

I offer a Flat Fee MLS/Realtro.com service to list your investment property or unit for rent on MLS. First listing is a flat $125 and each listing after is $99. The flat fee gets the property on MLS/Realtor.com and all the sites that pull feeds from those sources. Great exposure for your property. The flat fee is only for listing the property. Showings, negotiations, contract issues, etc are handled direct with you and the buyer. If you would like information on this program, please call or email.

Thanks for looking at the blog. Please feel free to call or email with any questions.

Jim Glynn
JG Real Estate
817.896.7990
jimglynn@charter.net