All Forum Posts by: Anderson Schulle

The DFW market is indeed hot. The competition is tough. But there are opportunities. You just won't find them on the MLS.

As mentioned already by others, either you find a distressed property so that you can create a value add, or you find something below market value. In most cases these will have to be off-market properties. We can help with that, btw.

I suggest for you to reach out to Jim Kelley from Champions DFW. Tell him I sent you. He might be able to point you in the right direction, or possibly help you. http://championsdfw.com/team/jim-kelley/

Great discussion here. Speaking from our experience, one of the key factors of not keeping each and every rental is that it would be too cash intensive. So it becomes a business decision. Am I in the market to build a rental portfolio (only) or are we here to leverage our expertise and systems and do more volume by offering a service to others? We do the latter. It becomes a win win.

Cashflowing turnkey investment in DFW. This one is located in Haltom City, with high demand for rentals. It is unlisted. Seller is firm on the price. A lot of work has been done to the 4plex and seller wants to cash out for another project.

Fourplex has individual electric meters but only one water meter. Owner pays for water.

Apt #A - $600.00 MTM Unit could be rehabbed to increase rent

Apt #B - $850.00 Tenant moved in Feb 2018 - one year lease - rehabbed Late 2016

Apt #C - $800.00 Tenant moved in Summer 2017 - one year lease - rehabbed Summer 2017

Apt #D - $800.00 Tenant moved in Fall 2017 - one year lease - rehabbed Fall of 2017

>>Current Gross Rent $3,050.00

New roof - Summer 2016

New ext paint - Summer 2016

New porches - Summer 2016 (still need to be painted)

5116 Stanley Keller Rd Haltom City (Same type property/same complex) Gross Income $2,100.00 SOLD 9/1/17 $280K

5104 Herrick Ct Haltom City (Across parking lot) Property had fire during Fall of 2017, currently being rehabbed SOLD 9/20/17 for $175K

This purchase requires buyer to enter into a 1 year property management agreement with Texas Haus Management, who will manage this property for an 8% management fee on rents. If you are a broker, you will need to add your fee to the sales price.

Contact Anderson Schulle for more info.

I live in Dallas-Fort Worth where I invest in real estate and have a property management company. But because I lived for 13 years in indianapolis in the past and the markets are very complementary to each other, I started to invest there as well and we also manage rentals there. I’d be happy to discuss your goals and needs. Indy is a quick drive from Chicago.

This is a common fee. We charge tenants $100 at the move in. This covers our expenses to set up their account, do the move in and move out inspection, and manage any turnover expenses as well as disbursing the security deposit with a final report to the tenant at move out. Our PM agreement does however have a section that explains to the owner that certain fees may be collected by PM from tenant and will be retained by PM.

DFW is definitely a great place to invest. Just keep in mind that buying properties off the MLS through a realtor makes the numbers very difficult to work. Finding off market deals will give you an advantage and instant equity in the purchase.

Haven’t heard of them. But would be happy to discuss with you your goals and needs. Feel free to reach out.

I’d be happy to discuss your goals and needs. Feel free to contact me.

Answering your question, I would visit a few different markets and people in them to determine where you will invest, then leverage 50% and buy the other half of properties without financing. Single family homes, duplexes and or fourplexes. Vetting your “team” will be crucial.