I hope everyone had a good Thanksgiving break. One month away to hopefully more stable/normal times in 2021. The North Texas market remains robust. Low rates has kept the real estate sector performing. Low inventory has kept pricing inflated. As I mentioned in previous posts, deals are still getting done. If you like the location or possibility of a property, don’t let list price deter you. I’ve closed several deals on 2020 below the initial list price asked by sellers. Deals will get DONE!
Keep your financing current, when a deal is priced correctly it will usually end up in Multiple Offer situation, we need to be ready to jump when it hits. I will be updating my “buyer files” in December. If your property parameters have changed, please let me know.
Below is the DECEMBER 2020 property update. Please let me know any questions.
Short list of cash flow property below (FULL LIST available at http://investdfw.blogspot.com/).
DECEMBER 2020 PROPERTY UPDATE
OTHER PROPERTIES FOR SALE – Updated 12/1/2020
2. Sanger, TX (north of Denton) Off Market - Package of 4 duplexes (8 units) built in 2018/2019 - $1.660M ($415,000 per) - Fast growing area, 15 minute drive the the crazy growth of Oklahoma Casino (Winstar) but in Texas.
3. Waco MF package - Three Tri-Plex properties - FIVE 4plexes at $1.4M
4. New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place
5. 6 townhome units in Downtown Bastrop (east of Austin) - Getting $950 per unit, owner pays water - $750K - overpriced but worth a look for area.
6. 14 unit complex - West Ft Worth (5 minutes to downtown/cultural/restaurant areas) - Many recent updates - SOLID LOCATION.
7. 12 duplex portfolio (24 units) - Weatherford (fast growing West Ft Worth) - $3.4M
8. Brand new duplex in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per
9. 6-plex in Weatherford on 2 acres - $1.2m - $90K NOI per list agent - additional acreage to build another 6-plex
10. 15 duplex portfolio in Huntsville (Sam Houston St) - Solid income producing properties - $2.5M - 7.5% Cap - Year 2001 builds
11. Brand new 4-plexes - South DFW - $690,000
12. 9 single family homes with tenants in place - Far North Dallas/Collin County
13. 22 units in Huntsville - 100% Occupancy with wait list, right off I-45 - Student Housing/other - $3M - 7.6% Cap
14. 40 Unit - Class C in Abilene - 95% Occupancy rate - $1.6M
15. 8 renovated duplexes (16 units) - Class C - South Lubbock - $1m - $650 rent per unit
LIST ON MLS (Hundreds of Websites) FOR FLAT FEE OF $150 – FOR SALE OR FOR RENT PROPERTIES…… (http://flatlistingfee.blogspot.com/)
I offer a Flat Fee MLS service to list your investment property For Sale or 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 – Only 1%
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.
Please call/email for details.
