Real Estate and COVID-19

What’s happening with Real Estate during COVID?

Buyers - Keep your lender pre approval letter current and ready. Most lenders are running behind with refinancing, best to stay current so you can move quickly. If you have been looking at property and need further analysis, please let me know.

Investor Sellers - Get your financials together. More accurate the better. If there is ARV possibilities, have those numbers ready to go. Get full copies of tenant leases ready to give to buyers (when in contract). Any CapX to improve property value, either do it or have bids in hand so buyers can evaluate.

Single Family Sellers - With so many people working from home, take the opportunity to get your home ready for sale - paint rooms, declutter, make repairs, add Spring Color, get yards cleaned up - be ready to list as things get back to normal. If you need assistance in figuring value or general questions on the process, please let me know…..Don’t forget my 1% listing program, Full Service and saves money...OR the $150 FLAT FEE MLS Program...

Stay safe, shop local and wash hands.

Jim..JG Real Estate

Mid March Investment Property Update - COVID-19 Impact

Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

Below is the MID MARCH 2020 property update.

Real Estate market appears to be holding steady in the midst of the COVID-19. I think the low rates are helping. We will see how it plays out. With Stock Market in shambles, real estate looks to be a solid landing ground. I will still be out reviewing properties and numbers. Now may be a great time to try an offer on a property you have been tracking, might catch owners in more open mind.

Below is the MID MARCH 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 MARCH 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 3/15/2020

1. Brand new 4-plexes and Duplexes south Dallas, next to Google Data Center - Ready 2020….Lots of Options, solid builder
2. 20 units in West Ft Worth - Solid Location - 6.25% Cap - Recent updates
4. San Antonio 4-plex - $656,000 - Brand New Build
5. 6 Unit Commercial MF - Stephenville, TX (Tarleton State College) - $800K - Great location
6. 2 duplexes in Bastrop (outside of Austin) - $650,000
7. 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)
8. 4 unit property Texas A&M - on TAMU Bus Route - $365,000 - 8% Cap
10. 3 duplex package in Weatherford (west of Ft Worth) - Year 2009 build - $1.250M
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. 14 units Central Denton, near colleges - $1.350M
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. 17 units in Mansfield - Class C building, Growing location between new city buildings and new high school…Solid traffic count - $1.4M
23. NEW BUILD 2-4 UNIT - Several new communities being built. Cap Rate approx 6.5% on these. Advantage of low maintenance first few years - good builders on all these projects….
24. 30 duplex portfolio in Lubbock,TX - $215K per duplex, $2K rents on each duplex - Built 2002-2004 - owner will split up package


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

MARCH 2020 INVESTMENT PROPERTY UPDATE

Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

I hope all is well. The start of 2020 continued the trend of lower inventory in all categories. This differs from the past where January usually had a lot of new listings come online. The end of February has seen the market pick back up with some new offerings. Still seeing overpriced to start but sellers coming down off list price…all depends on the area of course.

Below is the MARCH 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.

MARCH 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 3/1/2020

0. 3 duplexes - SW Ft Worth - off market - Solid Area - $900 rent per unit - $189,000 per property
1. Brand new 4-plexes and Duplexes south Dallas, next to Google Data Center - Ready 2020….Lots of Options, solid builder
2. 20 units in West Ft Worth - Solid Location - 6.25% Cap - Recent updates
3. 7 unit MF in Krum, TX - its been listed - clean area and newer build. In the Denton growth footprint
4. San Antonio 4-plex - $656,000 - Brand New Build
5. 6 Unit Commercial MF - Stephenville, TX (Tarleton State College) - $800K - Great location
6. 2 duplexes in Bastrop (outside of Austin) - $650,000
7. 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)
8. 4 unit property Texas A&M - on TAMU Bus Route - $365,000 - 8% Cap
9. Full Duplex in Arlington that is Mis-listed - $366,000 - Rents at $3,050
10. 3 duplex package in Weatherford (west of Ft Worth) - Year 2009 build - $1.250M
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. 14 units Central Denton, near colleges - $1.350M
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
16. 42 unit townhome package in South Dallas - 7% Cap - $6,000,000
17. 33 units MF in East, Tx - 12% Cap - Class C area - $1.1M
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
21. 35 units in Denton - waiting on file
22. 17 units in Mansfield - Class C building, Growing location between new city buildings and new high school…Solid traffic count - $1.4M
23. NEW BUILD 2-4 UNIT - Several new communities being built. Cap Rate approx 6.5% on these. Advantage of low maintenance first few years - good builders on all these projects….


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

Duplex in Arlington with Decent #s - $366,000

Full duplex (2 units) in South Arlington. Nice large units.

Great location in South Arlington.

Both units are 3 beds, 2.5 bath. Garage Parking.

Unit 1 rent is $1500
Unit 2 rent is $1550

Tenants pay all utilities.

Price is $366,000 - good cash flow on this one.

Off Market Properties that I know of.......

Some off market opportunities that I have been contacted about....

3 Duplexes in SW Ft Worth, solid location. $190k per duplex ($570,000), $1800 rent per duplex. 1980s build. Seller would sell as a package.

. 4 duplex package in North DFW (Sanger, off I-35). High growth corridor along I-35. Lots going on in Denton area these days. These duplexes are in a single family community. All units leased with upside in rents. Current rents are $3,200 gross per duplex, upside of $50 in market rent. Seller asking $415,000 per duplex ($1,660,000) for package. 2018-2019 builds. Very clean and clean area.

Duplex next to TCU, $560,000, $4,200 gross rents. New Updates. Easy walk to campus or Blue Bonnet Circle.

Single Family house 2 minute drive to TCU, 3bed, 2 bath, getting $3,250 rent. Asking $415,000. Large lot and good street traffic to advertise for renters.


Some that I liked that are marketed on other public sites: 1. 11 units in East Central Dallas at $1.5M - 5.8% Cap - worth watching as updates already done on it and solid area.

2. 11 single family portfolio in North Dallas/Garland - $1.5M - 6% Cap. I havent had chance to visit them all, looks interesting if price gets down a bit.

3. 5 plex in Old San Antonio - waiting on actual numbers but advertised at $480K and 6.4% Cap in solid location.

4. 9 duplexes in Killeen, TX (90 miles from Austin and military base area). $1.93M - Its an interesting sub market that has stabilized over time. The military is a huge presence in that area.

New Build 4-plex in NW Houston, last one in the development, build starts in 45 days. It has been a very successful community. 6.7% Cap - $690,000


I'm tracking some others and will add to site when I see actual data. Jim

MID FEBRUARY 2020 INVESTMENT PROPERTY UPDATE

Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

Below is the MID February 2020 Update

Let me know what I can do for you in 2020.

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 FEBRUARY 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 2/14/2020

0. 3 duplexes - SW Ft Worth - off market - Solid Area - $900 rent per unit - $200K per property
1. Brand new 4-plexes and Duplexes south Dallas, next to Google Data Center - Ready 2020….Lots of Options, solid builder
2. New build 4-plex, Northwest Houston - Year 2018 - $689,000 - 6.9% Cap - Hot Area
3. New build duplexes in New Braunfels, north of San Antonio - $355K - decent selection
4. San Antonio 4-plex - $656,000 - Brand New Build
5. Denton Townhomes - packages of 7 and 10 - $1.5M - Newer build - Residential surroundings
6. 2 duplexes in Bastrop (outside of Austin) - $650,000
7. 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)
8. 4 unit property Texas A&M - on TAMU Bus Route - $365,000 - 8% Cap
9. 4 plex East Austin - $439,000 - 7% Cap
10. 3 duplex package in Weatherford (west of Ft Worth) - Year 2009 build - $1.250M
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. 14 units Central Denton, near colleges - $1.350M
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


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

FEBRUARY 2020 - CASH FLOW PROPERTY UPDATE

Texas Real Estate Commission Information About Brokerage

Thanks for visiting the DFW Investment Blog,

Below is the February 2020 Update

Let me know what I can do for you in 2020.

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.

FEBRUARY 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 2/4/2020

0. 3 duplexes - SW Ft Worth - off market - Solid Area - $900 rent per unit - $200K per property
1. Brand new 4-plexes and Duplexes south Dallas, next to Google Data Center - Ready 2020….Lots of Options, solid builder
2. New build 4-plex, Northwest Houston - Year 2018 - $689,000 - 6.9% Cap - Hot Area
3. New build duplexes in New Braunfels, north of San Antonio - $355K - decent selection
4. San Antonio 4-plex - $656,000 - Brand New Build
5. Denton Townhomes - packages of 7 and 10 - $1.5M - Newer build - Residential surroundings
6. 2 duplexes in Bastrop (outside of Austin) - $650,000
7. 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)
8. 4 unit property Texas A&M - on TAMU Bus Route - $365,000 - 8% Cap
9. 4 plex East Austin - $439,000 - 7% Cap
10. 3 duplex package in Weatherford (west of Ft Worth) - Year 2009 build - $1.250M
11. 12 duplex package in Weatherford, built 2009 - $3.2M (24 units) Solid location.
12. 14 units Central Denton, near colleges - $1.350M
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


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