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Any suggestions for people to contact for investing in the Sherman/Denison TX area?
I am looking to purchase a residential or commercial multi family in the Sherman/Dennison TX area. I am also open to partnering on a transaction. Can anyone suggest and agent or property manager that can help me with this? Any advice would be appreciated.
Hey Bobby - Have you tried contacting an agent in that area through the Find An Agent feature with BiggerPockets? https://www.biggerpockets.com/agent/match
Check it out. The entire goal is to help you / individuals like you who are interested in a finding an agent who works with real estate investors. In the Dallas area, there are a handful of great agents you'll find through this feature.
Quote from @Bobby Eastman:
I am looking to purchase a residential or commercial multi family in the Sherman/Dennison TX area. I am also open to partnering on a transaction. Can anyone suggest and agent or property manager that can help me with this? Any advice would be appreciated.
Hey Bobby, I am a Realtor and Sherman local. I work with a lot of investors in the Sherman/Denison area to acquire properties. If you'd like to, let's jump on a call to see if we'd be a good fit to work together.
Quote from @Mike Calvey:
Hey Bobby - Have you tried contacting an agent in that area through the Find An Agent feature with BiggerPockets? https://www.biggerpockets.com/agent/match
Check it out. The entire goal is to help you / individuals like you who are interested in a finding an agent who works with real estate investors. In the Dallas area, there are a handful of great agents you'll find through this feature.
Hey Bobby - We have a property in Sherman and quite a few in and around the area. Let me know, what you are looking into. I would love to connect. Thanks!
Pete Arterburn
Quote from @Noel Cobb:
Quote from @Bobby Eastman:
I am looking to purchase a residential or commercial multi family in the Sherman/Dennison TX area. I am also open to partnering on a transaction. Can anyone suggest and agent or property manager that can help me with this? Any advice would be appreciated.
Hey Bobby, I am a Realtor and Sherman local. I work with a lot of investors in the Sherman/Denison area to acquire properties. If you'd like to, let's jump on a call to see if we'd be a good fit to work together.
Hi Bobby, I'm the ops manager for the Property Management Division at Milestone Premier Properties and a licensed realtor and investor.I actually live in Denton too butour brokerage is based in downtown Denison where I commute 2x a week. We manage 275 residential properties with the majority of those in Sherman/Denison so I feel uniquely qualified to chime in.
Generally speaking, 3 to 4 bedrooms are the most popular and for a new build, they will lease anwhere between $1600 - $2200 depending on the area, size and amenities. Garage parking, full privacy fence, and second living area or bonus room would all be needed to get on the higher end of that range. Truthfully, it's hard to get more than $1800 unless you have all the bells and whistles.
I am happy to hop on a call to share more of my local expertise and if you're still looking for professional property management, I can talk to you more about that. Just let me know!
Quote from @Cecilia Hagan:
@Eric W. - Thought you might want to check out my response to this original post too.
Quote from @Pete Arterburn:
Hey Bobby - We have a property in Sherman and quite a few in and around the area. Let me know, what you are looking into. I would love to connect. Thanks!
Pete Arterburn
Hi Pete, are there any areas around or within Sherman that you would recommend?
Quote from @Eric W.:
Quote from @Cecilia Hagan:
@Eric W. - Thought you might want to check out my response to this original post too.
Hey Eric - so sorry for the delayed reply. I'm going to be checking my BP more regularly. To answer your question, if the home is priced at market rent, we are seeing our rentals lease out in 25 days. The most recent numbers I pulled for Sherman and Denison SFH shows that the avg DOM for leases are right around 50.
I hope this helps!
Quote from @Cecilia Hagan:
Quote from @Eric W.:
Quote from @Cecilia Hagan:
@Eric W. - Thought you might want to check out my response to this original post too.
Hey Eric - so sorry for the delayed reply. I'm going to be checking my BP more regularly. To answer your question, if the home is priced at market rent, we are seeing our rentals lease out in 25 days. The most recent numbers I pulled for Sherman and Denison SFH shows that the avg DOM for leases are right around 50.
I hope this helps!
Quote from @Eric W.:
Quote from @Cecilia Hagan:
Quote from @Eric W.:
Quote from @Cecilia Hagan:
@Eric W. - Thought you might want to check out my response to this original post too.
Hey Eric - so sorry for the delayed reply. I'm going to be checking my BP more regularly. To answer your question, if the home is priced at market rent, we are seeing our rentals lease out in 25 days. The most recent numbers I pulled for Sherman and Denison SFH shows that the avg DOM for leases are right around 50.
I hope this helps!
To be completely honest, there's not much right now that will give you decent cashflow without getting into a full rehab. We have seen a lot more of our investors selling their rentals than ever before in our 5 years as a company due to increasing costs across the board.
Thankfully for us, we are seeing a lot more accidental landlords who aren't able to sell at the price they want and want to rent for a year or two until the market turns around.
Not sure if that really helps!
Quote from @Cecilia Hagan:
Quote from @Eric W.:
Quote from @Cecilia Hagan:
Quote from @Eric W.:
Quote from @Cecilia Hagan:
@Eric W. - Thought you might want to check out my response to this original post too.
Hey Eric - so sorry for the delayed reply. I'm going to be checking my BP more regularly. To answer your question, if the home is priced at market rent, we are seeing our rentals lease out in 25 days. The most recent numbers I pulled for Sherman and Denison SFH shows that the avg DOM for leases are right around 50.
I hope this helps!
To be completely honest, there's not much right now that will give you decent cashflow without getting into a full rehab. We have seen a lot more of our investors selling their rentals than ever before in our 5 years as a company due to increasing costs across the board.
Thankfully for us, we are seeing a lot more accidental landlords who aren't able to sell at the price they want and want to rent for a year or two until the market turns around.
Not sure if that really helps!