Advice on a deal in Fort Worth, Tx
Hey All!
I live in San Diego, CA and have been referred to a friend of a friend who is a property manager/broker in Fort Worth, Tx who brought me a deal. I was hoping to get some info on the area and whether or not this is a good deal:
Duplex located on Hulen Park Circle, purchase price $250k, each unit is 2bdrm/1bath, 1003sqft, rents for $1125 (both sides currently rented). Any help would be greatly appreciated!
Most Popular Reply
@Isabella Phillips This is a C class neighborhood. We often get higher rent for section 8. You need to know how to manage the system to get the best rental rates. Section 8 tenants are not necessarily worse than traditional tenants. You can keep them to the same requirements as traditional. I have had good and bad section 8 tenants. I have had good and bad traditional. With section 8 there is a fair amount of up front paperwork to complete. The section 8 program the tenant is on can be from any number of housing authorities. Most likely they are Fort Worth. But the tenants can be on a program from another city or even county. Believe it our not one of the best section programs to work with is Plano's. And I don't think any of our Plano section 8 tenants lived in Plano.
- Kyle Mccaw
