All Forum Posts by: Aleksandra Draws

Thank you for all PM!

Again BiggerPockets helped! I found a person who seems to be good match!

@Michell P. definitely!  

Hello Everybody,

I am looking for an agent in Portland.I contacted couple of agents listed in other discussions, however none of them followed up.

They responded to my email, promised to send listings, but they didn't.

Or they called me, chatted, said that they will email the same day, nothing happened.

Do you know anyone who was a little bit more responsive? :)

Im interested in few properties, but it looks harder to find an agent, than a property... ;)

Any recommendations will be appreciated!

Thank you For all the helpful replies!

@Jake E. I agree, I want to compare it with other rents, but there is nothing to rent in that community. Communities next to mine has or different school district (Celina ISD) - whats big deal there, or waaaay larger homes (Prosper). This is the reason I am asking on the forum, because Im ballparking it, but I dont feel comfortable doing it.

I signed contract for this home, when I though that the best can happen is building equity and appreciation, and this house is in perfect place. Then I found BiggerPockets and I learned about all these cool things, and once I calculated everything it seems like there is possibility that Ill have to pay out of pocket monthly $50-$150 if the rent wont be as high as I wish (and no comp doesnt make it better).

So now when I learned these things, I might back out and looke $2000, but not be stuck with the house, and but fixer upper and rent it and get equity and cash flow for next deal.

@Mike Freeman you got me :) Yes this is my first rental property...  I know it is good place, and I love it, but I don't want this investment to lower my ability to save money for next deal, because I need to pay out of pocket. Exactly as you say :)

@Greg 

@Greg H. Thank you for your post.

I did post the add on Craigslist 4 days ago. No replies. Scary!

Thank you for bringing it to my attention that December is really terrible time to move. Didnt think about that at all..

The builder incentive are really good, you are right, I was on market for used home, but new houses were 10K more expensive with all fancy staff, so I went for it.

Definitely I will call agents in the area!

@Account Closed  You live there so you see, how people talk about Prosper and its schools, Its crazy. Im from SF and I could compare to Hillsbruogh. People think, its better place.

My builder is Horizon Homes, house is in Light Farms 50'

Again I really appreciate ALL replies! Learned a lot!

@George Tak thank you for your reply.

This is exactly what is going through my head. The advantage over Carter ranch would be School district, but the communities are similar and I'm not sure what is important for tenants. The house will be new and will have all cool thinks people might like, also it will be in community with elementary school in the middle of it. 

When I compare it to Carter Ranch this house is terrible deal. When I compare it to Prosper, it's pretty ok.  

Anyway thank you so much for pulling some data for me! It really helped!

@Juan Llamas thank you for your reply! 

This is exactly what my agent was saying- that the owner of Cowboys will pomp money to that area so it is great place to buy a house as it will develop a lot. Which is super exciting.

But I'm loosing sleep over a rent :/ as you said Carter Ranch has the same houses in 1600-1800.  

I still have a month to close construction, so I will be monitoring that area.

Hello All,

I am looking to purchase a brand new house in Light Farms in Celina TX.

Its 4 bed, 3 baths 2200sqf house and Im planning to rent it out.

But there is no rental posts from this community... My agent says that I can easily get $2400.00 for it and that will bring $400/mo cash flow. Is that right?

Is it possible that houses in same school district in McKinney rent out for $1600-$2000, and Ill rent it for $2400?

Whats your thoughts?

Let me add that I live in San Francisco,California and I dont really know Texas market.

Also the price of the same house went up $15,000.00 since I signed documents to start building the house. Of course my price is locked.  Zillow has ridiculous estimate of $600k value and $3500 rent.  on $270k house. Im sooooo confused, im ready to back out of it. Any input will be appreciated.

-Aleksandra