All Forum Posts by: Tim Ball

ARV: 810k

Cost: 555k

Rehab: 125k

Beautiful neighborhood in prestigious Dallas neighborhood!

Cash or Hard money only.

Call/Text for more info 214-690-9010

Whats more lucrative for an investor? Rent-to-own or owner finance? In both scenarios, you are basically not being a landlord right? What are the advantages of one over the other? In the owner finance, you take a fat down payment, so I guess more money upfront in that scenario, but is it more lucrative in the long run compared to rent to own? Just something I was thinking about. Thought it would be a good discussion. Or would the best bet, just stay and landlord and rent and keep the house forever?

Jim, you wouldnt go wrong to get back in the DFW.  Most all cities in the metroplex are good to invest in whether rentals or flips.  I wholesale all over DFW.  Feel free to PM me so we can network and do some business.  Thanks and good luck.

Do you know a bank that will refi an 18 year old out of a bunch of properties?  Do you have any income, credit score, etc?  I like the big dreams but these are important questions to have answers to.  I live and invest in Dallas-Fort Worth, and only $9000+ down payment for houses in Texas will be hard to find decent rentals.  At 50k retail value homes, they are going to be pretty dumpy and/or dumpy areas where you might not want your rentals.  You could buy one rental, and hustle for a couple years, saving cash flow, teaming up with a partner or 2 and do some flips to build up some more capital, so you can buy better rentals.  Keep hustling, and flipping, and buying rentals.  Pull out equity in the future to buy more homes.  Apply for lines of credit, etc.    Just hustle and build relationships. Let me know if you find a decent deal in DFW and I will analyze it for you to see if its a solid deal or not.  Me and your buddy can compare notes.  Inbox me if you want.  Good luck.

@Jon Holdman Yes, it was my mistake putting the tenant in control.

@Adrian Smude @Andrew Johnson You guys are right.  The damage was done and was already fixed so I paid it.  I was not happy.  I find perfectly working fridges on OfferUp for $100.  I basically paid the price of 4 fridges for one part on a free crappy fridge that came with the house.  You live and you learn, right?  Thanks for the feedback guys.

@Adrian Smude That was a mistake letting them pick.  I was caught up and didnt have time to do it, so I just said call a company.  Wont do that again. 

So they bought the stove and fridge, but then left it?  Thats solid.  If you are renting in middle class to upper middle class neighborhoods and trying to get top dollar rent, I think you need to supply appliances.  If you are in lower income neighborhoods, you might get away with no supplying appliances.  Thats what I notice in the DFW market anyway.

@Greg Parker I like that. Thank you.

Hello Fellow Landlords,

I have a property that I provided a tenant with the fridge (came with the property).  They have been perfect tenants for 2 years.  The control board went out in the fridge and wasnt keeping their food cold.  They called a fridge repair company and it cost me over $400.

My question is: Are we as landlords responsible for fridges?  Im sure it can be specified in the lease but whats the standard route for this?  And if you put all responsibility on tenant for the fridge, does that mean the fridge is theirs when they move out?  On this particular situation, Im not that upset because the tenants are perfect, but for future reference, I feel this will be helpful to know.  Thank you in advance.

ARV: 629k

Cost: 459k

Rehab: 65k

Disney Streets flip! This house sits on large corner lot of Candlelight and Peter Pan. Beautiful lot. Great area. House is in great shape, just needs cosmetic updates: open kitchen up, update bathrooms update flooring, paint, light fixtures etc. Estimated rehab budget in packet.  No signs of foundation. Low days on market for resale on updated comps. Great project to get your 2018 started in a positive way!

Pictures

https://photos.app.goo.gl/MJnt4hEV22uaKjTp1

Call me if interested! 214-690-9010

I have more properties available as well everyday.