Starting January 1st, 2021, I'm increasing the pricing of the Flat Fee MLS Listing service to $175 on all listings. Still the best priced service in the North Texas area. Please let me know any questions.
Jim
Monday, December 14, 2020
Monday, November 30, 2020
DFW/HOU/SA/AUST - Duplexes/Quads/Comm MF December 2020
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.
Sunday, November 15, 2020
Texas Cash Flow Property Update - MID NOVEMBER 2020
Below is the MID NOVEMBER 2020 property update.
Please let me know any questions and any updated parameters you have.
MID NOVEMBER 2020 PROPERTY UPDATE
OTHER PROPERTIES FOR SALE – Updated 11/15/2020
2. THREE duplex package (6 units) - South Arlington near hospitals/retail/entertainment - Year 2005 - $357,000 each - overpriced but worth a look as a package.
3. Single Family Builder Homes around Ft Worth - $180K range price point - brand new builds - $180K price point
4. 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.
5. Waco MF package - Three Tri-Plex properties - FIVE 4plexes at $1.4M
6. New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place
7. 6 townhome units in Downtown Bastrop (east of Austin) - Getting $950 per unit, owner pays water - $750K - overpriced but worth a look for area.
8. $3.5M - 76 unit Mobile Home Park - 20 acres - additional room to add more - Bryan, TX
9. 24 unit complex, East, TX - Great town - 8.5% on Actuals (per list agent)
10. 14 unit complex - West Ft Worth (5 minutes to downtown/cultural/restaurant areas) - Many recent updates - SOLID LOCATION.
11. 16 renovated units in College Station - 3 blocks to campus - 100% Occupancy - $170K NOI - $2.5M price
12. 18 units in heart of Bryan, TX (3 miles from Texas A&M) - solid buildings - $950,000
13. 25 units in Desoto - Fast Growing, Class C - $2.550M - Area rents very well.
14. 12 duplex portfolio (24 units) - Weatherford (fast growing West Ft Worth) - $3.4M
15. Brand new duplex in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per
16. 6-plex in Weatherford on 2 acres - $1.2m - $90K NOI per list agent - additional acreage to build another 6-plex
17. 15 duplex portfolio in Huntsville (Sam Houston St) - Solid income producing properties - $2.5M - 7.5% Cap - Year 2001 builds
18. Brand new 4-plexes - South DFW - $690,000
19. 9 single family homes with tenants in place - Far North Dallas/Collin County
20. Baylor Student Housing - $1.375M - $10,000 monthly rent - 2 luxe units….pre-leased Summer 2021
21. 12 unit Class C in great San Antonio area - $1.2M
22. 5 units, 2 buildings, solid parcel of land in Southside Ft Worth - $675,000 - Lots of Options
23. Canyon Lake (SW of Austin) - 71 Unit Mobile Home Park - 8% Cap - $4.5M
24. 22 units in Huntsville - 100% Occupancy with wait list, right off I-45 - Student Housing/other - $3M - 7.6% Cap
25. 40 Unit - Class C in Abilene - 95% Occupancy rate - $1.6M
26. 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.
Tuesday, November 10, 2020
15 townhome units - North Euless - Off Market - $2M
Off market property in North Euless (Midway/360/183). Very good location. Owner has updated a few units with some units needing cosmetic updates.
You own the entire townhome community. Next to stable single family subdivision. Long term hold for income or fix up the units and sell individually down the line.
Seller asking $2M.
Current occupancy is 100% per owner and current rents at $15,580.
15 units total - Three 2 bed units - Twelve 1 bed units.
Thursday, October 29, 2020
NOVEMBER 2020 - Investment Property Update - DFW, HOU, AUS, SA
Hello, and thanks for visiting the InvestDFW Blog......
I hope all is well. We have 2 months left in a very interesting 2020. Typically this time of year you start to see sellers get very serious on selling to clear the books and buyers looking to use 1031 funds by end of year. Inventory is still low overall. We had a run on duplexes in September but that seems to have leveled out again. 4-plexes are very hard to find and when they hit the market, typically inflated in price. Small commercial MF are out there. I’ve found a few options on single family homes with tenants already in place with longer leases.
Not sure what will happen with the election and a phase II Covid Run….lots to be determined. I will say real estate in North Texas has been very solid. Tenants are still paying full rent in most cases and the limited inventory on single family and investment property has kept pricing in line.
Below is the NOVEMBER 2020 property update.
Please let me know any questions and any updated parameters you have.
Short list of cash flow property below (FULL LIST available at http://investdfw.blogspot.com/).
NOVEMBER 2020 PROPERTY UPDATE
OTHER PROPERTIES FOR SALE – Updated 11/1/2020
2. THREE duplex package (6 units) - South Arlington near hospitals/retail/entertainment - Year 2005 - $357,000 each - overpriced but worth a look as a package.
3. Single Family Builder Homes around Ft Worth - $180K range price point - brand new builds - $180K price point
4. 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.
5. Waco MF package - 9 duplexes and 5 4-plexes - 38 units total - built from 2009-2016 - $4.3M
6. New build commercial in San Antonio - 5 unit at $750K, 6 unit at $850K - $1,400+ rent per unit - commercial lender in place
7. 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.
8. 26 townhomes - Garland, TX - Growing area of Garland near new Shopping/Restaurant area
9. 24 unit complex, East, TX - Great town - 8.5% on Actuals (per list agent)
10. 14 unit complex - West Ft Worth (5 minutes to downtown/cultural/restaurant areas) - Many recent updates - SOLID LOCATION.
11. 8 unit building in Central Dallas (off Tollway) - Upside in renovating additional units - $850K
12. 18 units in heart of Bryan, TX (3 miles from Texas A&M) - solid buildings - $950,000
13. 25 units in Desoto - Fast Growing, Class C - $2.550M - Area rents very well.
14. 12 duplex portfolio (24 units) - Weatherford (fast growing West Ft Worth) - $3.4M
15. Brand new duplex in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per
16. 6-plex in Weatherford on 2 acres - $1.2m - $90K NOI per list agent - additional acreage to build another 6-plex
17. 15 duplex portfolio in Huntsville (Sam Houston St) - Solid income producing properties - $2.5M - 7.5% Cap - Year 2001 builds
18. Brand new 4-plexes - South DFW - $690,000
19. 9 single family homes with tenants in place - Far North Dallas/Collin County
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.
Tuesday, October 27, 2020
Single Family Homes with Tenants in Place - longer leases
1. White Rock area of Dallas - 1,500 SF, 3 beds, 1 full bath, 1 half bath - $185,000 asking, receiving $1450 in rent (through May 2021). Rent below market value.
2. Central Plano - 75023 - 2,000 sf, 3 bed, 2 bath, - asking $295,000, receiving $1775 in rent (through July 2021). This home price is HIGH. Great area.
3. North Ft Worth (Keller ISD) - 2,100 SF, 4 bed, 2 bath - $250K list price - $1,800 rent received (through June 2021). Very good community with pools and trails.
These are active as of today 10/27/20. I will run this list as often as there is interest.
9 Home Portfolio - North Dallas/Collin County - Tenants in Place
9 home portfolio for sale - Far North Dallas/Collin County. Tenants in place. Buy 1 or a package. Email for details.
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