All Forum Posts by: Rod Hanks

Find other 8-10 units in the area in the same condition and that will give you an idea per unit value. Also check the tax value. I would also call a local appraiser and ask questions about value for the complex.

Good Luck!

Use the TREC 1-4 family residential contract and put and/or assigns next to your name as the buyer. When you find a buyer use an assignment contract to transfer your rights to the new buyer.

Run don't walk!!!

Lease options in TX should give you troubled thoughts! Don't do it. Owner finance with a wrap is the only legal way to do it.

@Michelle Elsaid

It just looks like normal cracking. Nothing I would be alarmed at by the few pictures I can see. Open all the doors and windows and if they don't open properly then you may have a problem. Also, if there are cracks above the doors and windows on the interior you may have a problem. Its always a good idea to get an inspection on the properties you buy when its under the option period.

@Sandeep Baldawa

If you want cash flow and appreciation, Arlington is a great area to start. Arlington is a city in between Dallas and Fort Worth. Most of my rentals are in Oak Cliff which is a diverse area in South Dallas. Not much appreciation but the cash flow is outstanding. Cedar Hill, Lancaster, Desoto, and Duncanville are good areas South of Dallas with good appreciation and cash flow but deals are hard to come by.

PM me with your goals and expectations and I will be happy to help.

Dallas and Fort Worth are pretty big areas. There are good bad and ugly. What areas are you looking at?

can't see the picture

I'm in Dallas and I look up vacant properties on the county appraisal district. You can get the name and address and send a letter. Also ask the neighbors who the owners are, most of the time they will know.

All of the above. Craigslist is the first place I post.

Good Luck!