MAY 2020 - CASH FLOW PROPERTY UPDATE - STATE OF TEXAS

Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

Below is the MAY 2020 property update.

Welcome to MAY. With many counties getting ready to lift shelter in place, it will be interesting how that effects sellers listing more inventory. We still need to make sure the current tenants have been paying their rent. Acquiring a property with non-paying tenants doesn't work (unless seller is unloading for a deal - I haven't seen that yet).

Please let me know any questions and any updated parameters you have.

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

MAY 2020 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 5/1/2020

0. 47 units in Lake Dallas (Right of I-35 E). Solid Location in the middle of everything - $3.4M
1. 14 units in Denton - $1,070,000 - Close to UNT
2. 8 units in Tyler (4 duplexes side by side) - $850,000
3. 12 units in Gainesville - Built 2019 - $.1.6M
4. San Antonio 4-plex - $656,000 - Brand New Build
5. 6 Unit Commercial MF - Stephenville, TX (Tarleton State College) - $800K - Great location
6. Red Oak, TX (south of Dallas) - 8 unit, year 2017 gated complex for 55+ ages - 100% Leased - $1,375,000
7. Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.650M - Large Units
- $38,400 gross annual rents per duplex ($153,600 all 4 duplexes) - Fast growing area, 15 minute drive the the crazy growth of Oklahoma Casino (Winstar) but in Texas.
8. Arlington, TX - Central location, Year 2002 construction, $370,000 - market rents of $1500-$1600 range
10. Denton, TX - 12 unit MF in Central Denton, near UNT - $1.35M - 6.1% Cap
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. Austin, TX - North Austin 18 unit MF - updated in 2015 - $2.9M
13. Full renovated duplex in Central McKinney, near downtown - $399,000
14. 5-PLEX IN North San Antonio, solid location - $480,000
15. Full duplex in Mesquite, year 2006 - 3/2 unit - $315,000
18. 20 units in Amarillo at $1.250 - 7% Cap
19. New build 4-plexes in San Antonio - $600K
20. New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place
22. Conroe, TX - (North Houston) - 36 unit mobile home park, 31 acres (12 acres left for build out) - 7.6% Cap - $3.0M - Fast Growing Area
23. Bryan, TX (Texas A&M area) - 16 unit MF - $960,000 - 7% Cap
24. 30 duplex portfolio in Lubbock,TX - $215K per duplex, $2K rents on each duplex - Built 2002-2004 - owner will split up package



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

MID APRIL 2020 - CASH FLOW PROPERTY UPDATE - STATE OF TEXAS

Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

Below is the MID APRIL 2020 property update.

We are to Mid-April and several weeks in on the COVID lockdown. Not much has changed in the real estate market from my April email. Inventory remains stagnant and a few owners have pulled property off market to wait this out. There are still contracts getting done and I have seen owners getting more realistic on pricing.

BIG QUESTION: With courts closed and no evictions (or foreclosures) allowed right now, it is important to get the current Tenants Pay History to see if they are up to date and historical pay trend. Buying a property with tenants 3 months behind and no eviction will not work for new buyers and something that needs to be determined during Due Diligence.

Properties that have been listed a long time because of being overpriced are more likely to come down to realistic pricing (I executed contracts this past week on properties that had been overpriced and sellers finally got real). Deals are happening. When this is over, the State of Texas is still extremely strong and should recover quickly.

Please let me know any questions and any updated parameters you have.

Below is the APRIL 2020 property update. Please let me know any questions and any updated parameters you have.

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

MID APRIL 2020 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 4/15/2020

1. NW Houston - Brand New 4-plex - $690,000 - Large Units - 6.7% Cap - Mgmt in place
2. Downtown McKinney, TX - Renovated duplex in great central location - Price drop to $350,000
3. Arlington, TX - north location near Cowboys, Rangers, Six Flags - Full Duplex - $257,000 rent both units or do AirBnB...
4. San Antonio 4-plex - $656,000 - Brand New Build
5. 6 Unit Commercial MF - Stephenville, TX (Tarleton State College) - $800K - Great location
6. Red Oak, TX (south of Dallas) - 8 unit, year 2017 gated complex for 55+ ages - 100% Leased - $1,375,000
7. Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.650M - Large Units - $38,400 gross annual rents per duplex ($153,600 all 4 duplexes) - Fast growing area, 15 minute drive the the crazy growth of Oklahoma Casino (Winstar) but in Texas.
8. Arlington, TX - Central location, Year 2002 construction, $370,000 - market rents of $1500-$1600 range
10. Denton, TX - 12 unit MF in Central Denton, near UNT - $1.35M - 6.1% Cap
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. Austin, TX - North Austin 18 unit MF - updated in 2015 - $2.9M
13. Full renovated duplex in Central McKinney, near downtown - $399,000
14. 5-PLEX IN North San Antonio, solid location - $480,000
15. Full duplex in Mesquite, year 2006 - 3/2 unit - $315,000
18. 20 units in Amarillo at $1.250 - 7% Cap
19. New build 4-plexes in San Antonio - $600K
20. New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place
22. Conroe, TX - (North Houston) - 36 unit mobile home park, 31 acres (12 acres left for build out) - 7.6% Cap - $3.0M - Fast Growing Area
23. Bryan, TX (Texas A&M area) - 16 unit MF - $960,000 - 7% Cap
24. 30 duplex portfolio in Lubbock,TX - $215K per duplex, $2K rents on each duplex - Built 2002-2004 - owner will split up package



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