All Forum Posts by: Brandon Craig

Which side of DFW are you on? A meetup is a great place to meet people.

Bringing your downpayment and buying a property with another partner to potentially give more options for cashflow.

I recommend the major cities in Ohio:

-Columbus, great for appreciation, pp is a bit higher around $220k for multifamily

-Cincinnati, has a mix of cash flow and appreciation, average multifamily around $180k

-Cleveland, has alot of cashflow potential, average multiform around $140K

There are other smaller markets like Dayton, Akron, and and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kind of areas.

Looking for cashflow? Look into Cleveland, its got good cashflow potential with appreciation happening as well.

Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

Have you considered partnering and looking for opportunities to leverage?

Hi @Brandon Craig - just so you're aware, if you are putting 15% down on an investment property loan, you are very likely paying discount points, probably a few thousand dollars' worth. If you put 25% down then you will likely not have to pay discount points for a similar rate. While putting 25% down will end up being more money upfront, at least that money goes directly towards equity in your home, whereas paying the discount points is just an additional fee to the lender.

@Matt Solis Thank you for the recommendation! 

@Brandon Craig I get 10-15 off market deals a week all well below market value in Carrollton, Lewisville, Flower mound, Denton,  Little Elm, Prosper, Aubrey, Pilot Point, Sherman, Denison, Gainesville, and Whitesboro. I get everything from single family, multi family, raw land, and in all rehab levels. I'd love to connect with you and tell you more about New Western and our off market deals!

@Brandon Craig Have you looked into off market deals? There’s a bunch out there where the numbers make sense if you’re willing to buy something that needs work.

@Brandon Craig

I invest in long term rentals in central areas like Arlington and Grand Prairie near major freeways, and in the center of the metroplex. I’ve also got 4 LTR in Ft Worth that do well. I buy around 200k and rent them for $1600-$2200. That’s where the demand is. Starter homes in this range appreciate better. And demand is strongest in this affordable housing range. 250k range will buy you a nice rental that’ll rent for $2100-$2300/month. But don’t pay higher than that because your return won’t be nearly as good. I have zero turnovers because almost all of my tenants won’t ever be able to afford or qualify to buy a house. Turnovers kill profits. And I don’t care about the school district. People aren’t moving into my properties for the school district. Lol. They just want a cheap place to live.

@Brandon Craig

I invest in long term rentals in central areas like Arlington and Grand Prairie near major freeways, and in the center of the metroplex. I’ve also got 4 LTR in Ft Worth that do well. I buy around 200k and rent them for $1600-$2200. That’s where the demand is. Starter homes in this range appreciate better. And demand is strongest in this affordable housing range. 250k range will buy you a nice rental that’ll rent for $2100-$2300/month. But don’t pay higher than that because your return won’t be nearly as good. I have zero turnovers because almost all of my tenants won’t ever be able to afford or qualify to buy a house. Turnovers kill profits. And I don’t care about the school district. People aren’t moving into my properties for the school district. Lol. They just want a cheap place to live.Sl