All Forum Posts by: Balakishan Chenna
Balakishan Chenna has started 2 posts and replied 28 times.
Post: Reconnecting and Diving Deeper into Real Estate in Dallas
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Quote from @Corey Flood:
Hello Everyone!
It’s been a while since I last engaged on this forum, and I’m excited to reconnect and start networking again.
My name is Corey Flood, and I'm a Cybersecurity Analyst who recently relocated to Dallas, TX. I'm eager to dive into the local real estate scene and advance my journey in this field. I've been actively seeking mentorship opportunities in Dallas, diving into real estate literature (including David Greene's BRRRR method), and connecting with others who are passionate about achieving financial freedom through real estate.
If you work in IT, are based in Dallas, or simply want to connect, I’d love to hear from you!
Looking forward to hearing from you,
Corey Flood
Hello Mr. Corey,Welcome to Dallas area. I was also in IT field and working as a QA Tester for 17 years and quit the job for good 2 years ago,
As my real estate investments are giving passive income.
. Moved to dallas 2 years, since my investments were in dallas area. I am an investor and Realtor now in DFW area. Helped many clients in DFW area in last 14 months. Sold almost 150 homes in last 14 months. All the purchase transactions i deal were investor centric and Passive income oriented. If you would like to know further details . Please call or text me at 205-240-1408
Thanks
Bala
Post: New to the Dallas Area (Forney)
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Hi Christian,I am an investor and Realtor in DFW area. Helped many clients in DFW area in last 14 months. Sold almost 150 homes in last 14 months, especially in Forney area. All the purchase transactions i deal were investor centric and Passive income oriented. If you would like to know further details . Please call or text me at 205-240-1408
ThanksBala
Post: New to the Dallas Area (Forney)
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Quote from @Dylan Whitehead:
Hey Christian, I am considering buying my first rental property in Forney and was wondering if I could get your opinion? The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb. Any advice or feedback would be greatly appreciated, congrats on your success thus far in investing. I live in Dallas and have been looking to become more a part of the RE investing community. I would be happy to grab coffee sometime if that is something you could fit into your schedule one weekend. Oh and I am looking for the homes where residents would go to Forney High School, preferably closer to the fox hollow neighborhood.
Hi Dylan,
I am an investor and Realtor. I own 6 homes in forney. also helped my clients purchasing 200+ homes in Forney area and helped them leasing for good positive cashflows. Reach out to me at 205-240-1408 if you need more details
Post: Looking to buy a new home in Dfw area
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
ok thanks. Let me know if you have any cash flow properties that you are working on now
Post: Looking to buy a new home in Dfw area
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Hi
I am an investor and looking to buy a new home in dfw area. Please suggest.
Post: North Dallas Rental Market
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
@Javier A. Batlle I was in same situation as you 8 months ago, thinking to buy condos in 75243 /75231 zipcode ( ne dallas/lake highlands ). I researched and learned several things about these condos.
positives : very cheap compared to sfh in the neighborhood, most of the homes come under richardson school district ( good schools), higher rents /higher cash flow to an investor (compared to sfh), good demand for these condos ( it's very easy to sell if one puts the right price to a condo with good condition.)
Negatives:
poor or average hoa management.
Low income tenant base ( can be offset by section 8s, or good screening during leasing )
I started buying with one condo 8 months ago, now I own 6 condos in those complexes. I guess my positives dominated negatives. It's just my research and understanding. Might be other risks involved. So far I am positive on the ones I owned in cash flow perspectives.
Post: OK who has received all or most of their rent this month ?
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Originally posted by @Mo Karney:
76 units; 6 vacant w/ 3 ready to rent. On the 60 due for April, I'm sitting at about 63% collected. Another 15 units are on a local charity's housing program and that comes in as one check every 10th and they have already reached out letting me know that not only do they have zero solvence issues but they would like the other 6 units starting next month.
So all in only missing 4 units worth of rent on 70 units isn't bad. They have until the 5th and I already told my PM to waive the late fees for April.
Hey mo nice to hear you getting most of rents for april month. I would like to know in what city / state your investment properties located
Post: OK who has received all or most of their rent this month ?
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Originally posted by @Kiera Underwood:
6% haven't been able to pay. Many have concerns for May. Can I get a hell yeah for section 8 payments during all of this?
Hell yeh!
Post: Investors in the Flint, MI area
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Hi how is my Morris township or beecher areas?
Post: Investment properties in harlingen tx
- Real Estate Agent
- Dallas-Fortworth
- Posts 31
- Votes 6
Thank you for you valuable response justin!