Friday, January 18, 2019

Year 2016 Duplex in Crowley - $2950 rents - $350K Asking

Large 2-story duplex just listed in Crowley (south of Ft Worth). Year 2016 build. Very clean property and neighborhood. Both units are 3 bed, 2.5 bath, 2 car garage.

Rents are $1500 and $1450 on newer leases. There is a $110 quarterly HOA fee to keep the neighborhood clean and in good shape.

Price is $350,000. Very clean cash flow opportunity with 25% down.

Tuesday, January 15, 2019

MID JANUARY 2019 - CASH FLOW PROPERTY UPDATE - STATE OF TEXAS



Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

HAPPY NEW YEAR AND WELCOME TO 2019,

As 2018 ended we started to see sellers getting more realistic on pricing and getting some deals done. We are starting to see the market turn. You will see higher inventory in the list and links below (and expect more as we get to February). Texas remains a very strong market for job growth and population growth.

Below is the MID JANUARY 2019 update. Please let me know your property parameters for 2019 and can keep a search profile up to date for any new property matching the parameters.

If you have specific parameters (area/property type/size/price/etc), please let me know.

When clicking on below links, you can click on DISPLAY on the upper right of page to display property by property details.

MID JANUARY 2019 LIST

SHORT LIST OF DUPLEXES

FULL LIST OF DUPLEXES

SHORT LIST OF TRI/QUAD PLEXES

FULL LIST OF TRI/QUAD PLEXES

FULL LIST OF COMMERCIAL MULTI-FAMILY

OTHER PROPERTIES FOR SALE – Updated 01/15/2019

0. Duplex package - 5 duplexes in Ft Worth (year 2008 build). 10 units total. Priced a bit high at $279K per but guessing lower for package
1. New build 4-plexes in San Antonio - $565K - 7% Cap Rate - BRAND NEW - Nice Large Units
2. NEW 4-Plex Project - Cypress, TX - 4-plex community being built - high end finish - mgmt in place - $689k per 4-plex - high end finish (duplexes also available)
3. NEW BUILD - Duplexes brand new in fast growing Conroe, TX (North of Houston) - $440,000 - large units, onsite mgmt - 20 duplexes
4. 10 Townhome Packege - North Central Arlington - 7.2% Cap - $1.1M.
5. New Build 4-plexes in San Antonio - $575,000 - $1,250-$1,300 rent per unit - tenants pay utilities.
6. 17 Unit MF in North Richland Hills - upside in updates and rent increase
7. BUILDER NEW duplexes - San Antonio - $305,000 per duplex (2 units).
20. 8 Duplex package in College Station - Walk to Campus - Each unit is 4 beds, 64 beds total - 6.5% Cap - $2.9M
21. Class A student housing in Waco,TX (Baylor) - $3M for the package - 6.3% Cap
22. New Build duplexes - 20 minutes east of Austin - Great Growth - Package is $840,000 (3 duplexes total) - each 3 beds per unit
24. 7 Home Package for Sale - Homes recently updated - Mesquite, TX - $1.5M (was told seller motivated).
25. 14 Townhomes in Garland - $1.9M
26. 32 units Class in Garland - $2.7M
27. 11 Townhome Units in Central New Braunfels - New Builds - Already Leased - $2.4M
28. NEW BUILD duplex in Denton, TX - close to TWU - $425,000
29. Bedford duplex for sale by owner - $400,000 - 3/2 unit, 2/2 Unit
30. Euless 4-plex for sale - $458,000 - 2bed/2bath units



NEW SINGLE FAMILY RENTAL LIST – BETTER SCHOOLS
Best ISDs to consider right now on Single Family are Keller ISD, Mansfield ISD, Northwest ISD, McKinney ISD, Birdville ISD

BUILDER INVENTORY
This time of year we start to see the builders get more aggressive on SPEC inventory. This has been limited since the Housing Bust of 2008 but I am getting more and more emails from builders with discounts on increasing inventory. Some still don’t allow investors but worth a look if wanting a newer product.

HALF DUPLEXES
This is becoming a more popular option than town homes. Typically better locations, lower price and No HOA fees gets them to a better cash flow number. Also popular for those investors working the AirBnB model to achieve higher cash flow.

FLAT FEE MLS LISTING (100s of Internet Sites) - $150 – GREAT WAY TO LIST FOR SALE AND FOR LEASE PROPERTIES
I offer a Flat Fee MLS service to list your investment property or unit for rent on MLS. First listing is a flat $150 and each listing after is $125. The flat fee gets the property on MLS and all the sites that pull feeds from those sources. Great exposure for your property. If you would like information on this program, please call or email.

FULL SERVICE LISTING - 1% Listing Fee
If you need more than the MLS Flat Fee service, I will be offering Full Service listing for only 1% on the listing side (still reserve 2-3% for buyer broker). Reduced commission but full representation of photos, signs, lockbox, negotiations, etc.



Texas Real Estate Commission Information About Brokerage

Please call/email for details.

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 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).


Texas Income property, duplexes, 4-plexes, apartment complex, quad plex, quads, duplex, single family investment, Dallas Real Estate, Fort Worth Real Estate, DFW income property, austin duplexes, houston income property, san antonio duplexes

Friday, January 4, 2019

5 Duplex Package Released in west Ft Worth - year 2008 builds



Texas Real Estate Commission Information About Brokerage

Just released 5 duplex package in White Settlement (west of Ft Worth). Total of 10 units. Units are 3 bed, 2.5 baths, 1 car garage and Year 2008 build. Price is $279,000 per duplex with rents of $1,150 per unit. Asking price is a bit high but stable area and opportunity to own 5 duplexes on one street is a plus. If interested, contact me for additional details.