All Forum Posts by: Brian Simpson

I am an agent and investor in TX and I can help I have several properties I own in McAllen area and a very solid understanding of the area and what to look for. 

I'm an investor in TX and a licensed agent. I only have cashflowing deals myself and yes they are hard to find d and even harder to secure. I can help you find what you want.

Farah Legal in Mansfield 

Contact me when you can I have been exploring the same specific things and lived here all my life. My wife and I have several SFR properties and are always looking to grow our business.

@Arn Cenedella I couldn’t agree more, know your product, your processes and study your successes and your failures every deal has both and every deal is as good or bad as your actions, and foresight meet the properties financial reality.

Anytime sir, just contact me whenever you like.

I think you should consider your risk. You put up or risked 198k to make 1500/mo and you are hoping that prices continue to rise. What happens if the government decides to place a moratorium on evictions or caps the allowable acrual of properties? There are a million other things that can happen that are less far fetched. The renter burns the property down and the smoke detector wasn't found.
  Finally, I purchased a property for 65k that has already rented for $1200/mo and will spend maybe 10k out of pocket to get it done. If any of the things happen discussed above I'm out $10K. How do you like your deal now? I have numerous properties in the valley and I assure you I can find others like the one described above. I found it driving by it to get to another property that I was finishing a remodel on. I don't think anybody wants to stomp on your success least of all me. I would however like to point out that there are many points to consider but the primary thing to remember Is you make your money when you buy the property. That phrase needs to be in bold print and repeated often.  Goodluck

@Alishaa Chhabra you're all over the place. Let's get few more details like how much will these rent for? How will you obtain them? Cash? Finance? Where will you purchase? Will there be any maintenance or remodel? HOA dues? Insurance? taxes? Management costs? Do you have anyone on your team? Realtor? Contractor? Plumber? Electrician?

Yes it appears you passed the math quiz and you're correct those numbers will not meet either rule.  So what's wrong?  rents in DFW are too low. When you hear that the cost of living or living affordability is better in DFW you should translate that to rents are lower. Nonetheless, if you drop in ARV you will find the ratios get better.  If you want to meet the two rules you sited you will have to do drop ARV in DFW to around 150k 1500> sq ft

Let me know how I can help. Do you have any goals? What are you planning to invest in? SFR is quite different from commercial storage. Different circles. I could go on but I think you get it. I am a native Texan grandson of a Lexington survivor, a realtor and husband to a USAFA grad. Happy to meet, cuss and discuss