Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

CLARIFICATION ON THE LIST: I was asked how I put the list together. My 1st goal is to find/add properties that will cash flow at list price. That has become more and more of a challenge as sellers are pricing high to start. The 2nd goal is to identify properties in areas of growth and where rents can be raised to make the property work. 3rd goal is for good/safe areas where a property may need updating/turn around and will work after updating occurs. Finally, on the overpriced ones, we watch and see time on market and if the seller is getting more real over the life of the listing. As I mentioned before, deals are getting done, just need to get the offers going and see how flexible the sellers are.

Below is the SEPTEMBER 2020 property update. 

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

SEPTEMBER 2020 LIST

SHORT LIST DUPLEXES

FULL LIST DUPLEXES

SHORT LIST 4-PLEXES

FULL LIST 4-PLEXES

FULL LIST COMMERCIAL MULTI-FAMILY

OTHER PROPERTIES FOR SALE –  Updated 9/1/2020

 

0.       Venus, TX (south DFW) next to NEW GOOGLE DATA Center - fast growing areas - Duplexes $460K  -  Quads - $680K - established builder

1.       10 duplex portfolio (20 units) - Amarillo - $1.250 - 7.2% Cap

2.       22 unit MF - newer build in Huntsville - Next to Sam Houston St - 100% Occupancy - $2.9M - 7% Cap

3.       $4.3M - 9 duplexes and 5 fourplexes - newer build - Waco, TX

4.      BRAND NEW - sixteen 4-plexes in NW Houston (Out of Hurricane zone) - $760,000 - 7% Cap

5.      Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.650M - Fast growing area, 15 minute drive the the crazy growth of Oklahoma     Casino (Winstar) but in Texas.

6.    Waco MF package - 9 duplexes and 5 4-plexes - 38 units total - built from 2009-2016 - $4.3M

7.     New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place

8.     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

9.   30 duplex portfolio in Lubbock,TX - $215K per duplex, $2K rents on each duplex - Built 2002-2004 - owner will split up package (additional 20 duplexes in same community     available from another seller - also $215K per - Solid opportunity to own a complete subdivision of duplexes.

10.    19 Unit MF in Waco - Next to Baylor University - $1.1M

11.     40 renovated units - South Denton - $3M

12.     12 duplex portfolio (24 units) - Weatherford  (fast growing West Ft Worth) - $3.4M

13.     Brand new duplex in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per

14.     6-plex in Weatherford on 2 acres - $1.2m - $90K NOI per list agent - additional acreage to build another 6-plex

15.     9-unit MF on TAMU (Texas A&M) bus route - Bryan, TX - $1.6M  - new construction

16.    15 duplex portfolio in Huntsville (Sam Houston St) - Solid income producing properties - $2.5M - 7.5% Cap - Year 2001 builds

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

MID AUGUST INVESTMENT PROPERTY UPDATE - TEXAS

 Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

I hope everyone is having a good Summer. With school approaching, I would normally say we start to see more inventory come to market as the Fall Pattern starts. This year I’m not so sure. A lot will depend on a smooth start to school and hopefully not another shut down. 

Rates are still solid, which is great. I see most sellers are still starting high on pricing, they just have to be worked down a bit.

CLARIFICATION ON THE LIST: I was asked last week on how I put the list together. My 1st goal is to find/add properties that will cash flow at list price. That has become more and more of a challenge as sellers are pricing high to start. The 2nd goal is to identify properties in areas of growth and where rents can be raised to make the property work. 3rd goal is for good/safe areas where a property may need updating/turn around and will work after updating occurs. Finally, on the overpriced ones, we watch and see time on market and if the seller is getting more real over the life of the listing. As I mentioned before, deals are getting done, just need to get the offers going and see how flexible the sellers are.

Below is the MID AUGUST 2020 property update. 

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

MID AUGUST 2020 LIST

SHORT LIST DUPLEXES

FULL LIST DUPLEXES

FULL LIST QUADS

FULL LIST COMMERCIAL MF

OTHER PROPERTIES FOR SALE –  Updated 8/15/2020

 

     0.       Venus, TX (south DFW) next to NEW GOOGLE DATA Center - fast growing areas - Duplexes $460K  -  Quads - $680K - established builder

     1.       10 duplex portfolio (20 units) - Amarillo - $1.250 - 7.2% Cap

     2.       22 unit MF - newer build in Huntsville - Next to Sam Houston St - 100% Occupancy - $2.9M - 7% Cap

     3.       17 unit MF - Denton (UNT) - $1.825M 

4.      Full Duplex in Granbury (west of Ft Worth) Each units 3/2/2 - Updated - $280,000 - Solid Location

5.      Red Oak, TX (south of Dallas) - 8 unit, year 2017 gated complex for 55+ ages - 100% Leased - $1,375,000

6.      Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.650M - Fast growing area, 15 minute drive the the crazy growth of Oklahoma Casino (Winstar) but in Texas.

7.    Waco MF package - 9 duplexes and 5 4-plexes - 38 units total - built from 2009-2016 - $4.3M

8.    18 units - built 2017 - New Braunfels - FAST GROWING - $3.9M

9.     NEW BUILD 2-4 UNIT (several to choose from) - CONROE, VENUS (SOUTH DFW), NEW BRAUNFELS, SAN ANTONIO - Lots of options

10.     New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place

11.     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

12.   30 duplex portfolio in Lubbock,TX - $215K per duplex, $2K rents on each duplex - Built 2002-2004 - owner will split up package (additional 20 duplexes in same community     available from another seller - also $215K per - Solid opportunity to own a complete subdivision of duplexes.

13.    19 Unit MF in Waco - Next to Baylor University - $1.1M

14.     40 renovated units - South Denton - $3M

15.     24 units in South Grand Prairie - $2.4M

16.     12 duplex portfolio (24 units) - Weatherford  (fast growing West Ft Worth) - $3.4M

17.     Brand new duplex in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per

18.     6-plex in Weatherford on 2 acres - $1.2m - $90K NOI per list agent - additional acreage to build another 6-plex

19.     9-unit MF on TAMU (Texas A&M) bus route - Bryan, TX - $1.6M  - new construction

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

August 2020 Update

Apologies but there will not be a August 2020 update because of travel. Please check back August 15th for the MID AUGUST 2020 update.

If you need something specific in the meantime, please let me know and I will get you the data. Thanks.

Jim