All Forum Posts by: Alexis Morin

@Preston Dean I totally understand and do agree... but unfortunately I haven't found a way to help change her mind! So I'm working at getting creative.  Thanks for you comment and I'd love to connect anyhow. Thanks, 

Alexis

@Eliott Elias I understand that take! I'm actually the property manager (not a licensed agent) so all I can do is advocate for the property and look for potential interest outside of MLS. It's a tricky one for sure.

Hey KC,

Many thanks for your response. Excellent thoughts. I’ve got some work to do on finding the investors in DFW and also making it attractive to them. I need to have a new website built that that audience ! Thanks very much.

Hi all-

I manage a breeding facility for horses. It’s on 132 acres of mostly pasture. There are 2 nice homes, 3 mobile homes, 2 small barns, 2 equipment sheds, 3 wells. 

The owner doesn’t want to list it. I’m looking for a private buyer and have it on some niche pages like horseproperties.net and land.com but these are drawing zero leads. I think the land would honestly be more valuable for investment rather than a breeding facility but I don’t know how to approach pivoting my marketing pitch away from horse people towards investors. Would love thoughts and ideas! 

Oh, they place is in Valley View TX, an hour north of downtown DFW.

Many thanks!

This property is one hour north of Dallas in Valley View TX, 2 miles east of I-35. It’s set up as a horse breeding facility but could be used for other purposes since it is largely pasture. Lots of road frontage (dirt road). 2 miles east of I-35. It won’t be publicly listed. Link below for basic information and pictures of improvements.

https://www.coguaike.com

Anyone have a rent house/apartment in Marietta OK available? 

 Hi Andy-  it's on the edge of town, zoned SF2.  Needs to be re-platted.  One big issue I anticipate is that a road and utilities will need to be put in and that's no small fee.  There's enough space on lot to have a road plus the required 75' road frontage and 100' depth for about 10 lots.  

All that said, I don't want to manage a development deal.  

 Thank you for the response, Alicia.  It is about 9 acres that are zoned SF2. Two homes that are rentable but we'd still need to see decent appreciation.  We'd be leaning on other investments to carry it until it hopefully sells for more than purchase price... I feel like it's dangerous but I've had two agents in the area tell me it's a great opportunity.

We'd need to find someone who wanted to develop the land.

We have an opportunity to invest in DFW area (45 minutes from downtown)... The success of the deal would be predicated on appreciation.  What are y'all seeing in the DFW market?

@Matt Corso 

My husband and I invest in Wichita KS and Kansas City KS with great results.  We live in the DFW area but have built our portfolio largely in the Wichita area because of excellent PM team.  Cedar Mills Property Management in ICT.  They are small and have great service and communication.  I agree with everyone here saying that the OOS key is PM.  No doubt.  We had an awful experience to start out with in KC.  PM me and I can give you the managers info--to avoid!  They left one of our houses vacant for 9 months then a new one vacant for 4 months.  I had to physically go see them in KC to get answers and pulled the trigger on changing PM.  Best decision.  

I'd say interview at least 3-5 companies before making a decision.  Ask how many homes they manage, how many times a year they are physically in the house, can they visit more frequently if you ask, do the have in-house contractors or sub it out, how do they handle vacancy, and how do they handle evictions?  Also, just ask why they think you should choose them, totally fair.

Once you've chosen one, I'd say to make sure you stay engaged.  Watch your statements, call, ask questions, just stay on the radar.  I let our properties in KC go too long without attention and it was terrible.  If you stay close to them, they pay closer attention to your property.  Best of luck!