Thursday, December 31, 2020

JANUARY 2021 - TEXAS CASH FLOW PROPERTY UPDATE

 Welcome to 2021, let’s get this year rolling. Texas continues to explode with company relocations and job growth. 

Below is the JANUARY 2021  property update.  Please let me know any questions.
   
Short list of cash flow property below (FULL LIST available at http://investdfw.blogspot.com/).
 
 
JANUARY 2021 PROPERTY LIST







OTHER PROPERTIES FOR SALE –  Updated 1/1/2021
 
     0.       15 Townhomes in North Euless - $2.1M…. 7 units updated…$15,500 in monthly rents - 100% occupied (currently)
     1.        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.
     2.        32 units in San Marcos (between Austin & San Antonio) great growth area. $3.6M - 6.3% Cap
           3.        Brand new duplex community in Sequin, TX (south of Austin, off the Tollway where Tesla is building) - $380,000 per duplex - $2.850 rent per duplex
           4.        New 2-4 unit community - south of Mansfield, another high growth area - Duplexes - SOLD OUT - 4-plexes are $685K - (13 left) - Seasoned Builder
           5.        New 4-plex community in NW Houston, near Woodlands, $760,000 - Expected rents of $1,500 per unit - $6000 per quad - great area - gated
           6.        TCU area - Year 2018 duplex - Long Term Leases - $91,000 NOI - $1.5M - upside in rents scheduled to increase
           7.        Another duplex New Build community in the Woodlands (Houston) - marketing hasn’t been released yet - will sell out fast - $455,000
           8.        24 units in Waco - $2.2M - Built 2015 - solid units, great location
           9.        San Antonio - builder with new build duplexes $335,000 - 4-plexes - $615,000 - Class C areas, lots of renters.
          10.       9 units in Conroe  (north Houston) - Class C - 8% Cap per list agent
          11.       Lake Granbury (West Ft Worth) - development opportunity - ON THE WATER - 3 Lots
          12.       6 townhome units (year 2020 build) - Conroe area - $1,350M
          13.       8 condo units, Magnolia area of Ft Worth (great area) - $2.4M (price too high) but worth a look, regular rental or AirBnB possibilities 
          14.      5 year 2003 townhomes on the Tobin Park Trail - $1.55M - one town home is 12,000 sqft, 3 story and could be split up to 3 units.
          15.      COMING SOON: 4-plex in Denton - Two units are 3/2, two units are 2/2 - $5,000 Gross Rents, Upside on new leases to market of $1300 per... $675,000


 
LIST ON MLS (Hundreds of Websites) FOR FLAT FEE OF $175 – 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. As of January 1st, 2021, the MLS Listing Fee is $175 for all listings….. 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.



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Wednesday, December 30, 2020

Two Tri-plexes in Denton - UNT Area

 Opportunity in Denton near UNT. Lots of growth in Denton, area continues to explode.

This deal is for TWO triplexes  (6 units total) or list agent said you can buy individually.

Each Triplex has 3 units -  2 beds, 2 baths per unit

Property 1 rents at  - $3,150 gross monthly rents

Property 2 rents at  - $3,150 gross monthly rents

Market rent is $1,250 per unit ($3,650) and being raised with new leases - per list agent.

Owner pays water (opportunity for future bill back to recoup more revenue).

Price is $450,000 per triplex ($900k total). I believe this to be a HIGH price based on current rents and owner paying water.....even though rents have room to grow, $900K is too high....


 

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Monday, December 14, 2020

DFW/HOU/SA/AUST - Duplexes/Quads/Comm MF MID December 2020

 This is the last property update of 2020. What a crazy year.  Hoping 2021 sees some more inventory options and a return to normal in the everyday life (there is some new inventory on this list). If you have different parameters for 2021, please let me know. 


***For all of you that utilize my MLS Flat Fee Listing Program for Sale and Rentals. January 1st, 2021, the new fee is $175 for all listings. Happy to answer any questions on the process….

Below is the MID DECEMBER  2020 property update.  Please let me know any questions.
 
 
MID DECEMBER 2020  PROPERTY UPDATE








OTHER PROPERTIES FOR SALE –  Updated 12/15/2020
 
     0.       15 Townhomes in North Euless - $2.1M…. 7 units updated…$15,500 in monthly rents - 100% occupied (currently)
     1.       18 townhome units - prime location in New Braunfels - $4M - 6% Cap
     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 $175 – 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. As of January 1st, 2021, the MLS Listing Fee is $175 for all listings….. 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.

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Flat Fee MLS Listing - Pricing move to $175 on all listings starting January 1st, 2021

 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

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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

     0.       15 Townhomes in North Euless - $2.1M…. 7 units updated…$15,500 in monthly rents - 100% occupied (currently)
     1.       18 townhome units - prime location in New Braunfels - $4M - 6% Cap
     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.
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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
 
     0.       15 Townhomes in North Euless - $2.1M…. 7 units updated…$15,500 in monthly rents - 100% occupied (currently)
     1.       TWO  4-plexes  (8 units) for sale in Grapevine. Great location. $650K each - 2bed/1.5 baths, $1150 rent per unit
     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.


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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.


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