All Forum Posts by: Daniel Y.

Well, I haven't used the PM side yet. However, if their PM side is anything as good as their real estate sale side then you will be in good hands. It doesn't hurt to at least talk to them and ask questions. @Joseph Pytcher would you like to help him out?

@Mariano Wahlmann

I hear you. Yeah, I took a quick look at Nashville the other day because I hear it up up-and-coming. I'm pretty sure a lot of people hear this already because in the A class areas, it is the same story, about a 4-6% Cap Rate. I might as well invest locally...if I had the entry capital for my market as well. Well, good luck with everything. Let me know if you have any questions, I am still learning and researching the DFW area as well and we can probably bounce notes off each other.

Where in Dallas are you investing? From my personal research, there are some specific areas that are heating up where sellers and investors are anticipating that. If you are doing a buy and hold strategy then I share you pain about people driving up the price. Most of the time when investors drive up the price, it is all for appreciation of the equity, by creating buzz and getting more people interested in the area, pushing up the comps, then selling within two years. It is a big problem here in OC, and we have definitely hit or are very close to that ceiling (D class neighborhood listing and getting 4.2% Cap Rate). There are still areas that you can get about a high 6% to low 7% return in the Dallas County area, might be in the C class area though.

I think your target is realistic...depending on the area. You WILL NOT get 7% in an A class or up-and-coming that is approaching A class neighborhood...in any national comparable market.

There are areas in Chicago where you can still get 12-15% or higher Cap Rate, but after looking at property tax, property rental laws, and the neighborhoods I headed another direction. Same case with you?

@Joseph Pytcher

Welcome! Feel free to add me to your list if you get any properties in the OC, CA area.

@Hayden Harper

Keep me informed.

@Joseph Pytcher

I think you can them out.

@Raymond Fletcher

I think you will be satisfied. He is not only investor friendly, but investor-minded. So he'll get it.

@Shane M. @Sonja Hunter

Keep me updated as well. I am looking into the DFW area soon. I have a PM I'm talking to, but would like to heard about your recommendations on any that have been used in the past and current. If the one works out well, I will send them both your way in the future.

@DaNia Allen

I'm thinking of going.

To add onto what Wes said and give you a better idea. Here in southern California (Orange County), you are looking at more of a 0.4-0.5% using that method and that is in the low B/C class neighborhoods. If you are looking at the A to A+ neighborhoods expect around 0.175-0.35%, as an investor it's not even funny. I have been looking at properties in the Dallas area, north of Dallas area, and have found properties that can give some decent returns. Just got to do some more digging, and re-evaluate the areas. Would you happen to be looking in A class neighborhoods or more B/upper C class neighborhoods.