All Forum Posts by: Account Closed

Is your loan through a broker, a large bank, or a small bank?

I'm currently looking for a fourplex as well. I'm looking for off market properties and sending every fourplex owner a letter. I feel my odds are much better for a better deal this way, rather than off the MLS (Use Realtor or Zillow for free). I do check MLS as well daily. I guess I'll find out!

Taxes: Here's a link to the Dallas CAD (Central Appraisal District)
http://www.dallascad.org/SearchAddr.aspx

1) Type in the address of the property you would like to find the taxes on.
2) Then click the address hyperlink.
3) The estimated taxes will be at the bottom of the page. 

My opinion is to 100% forget about the price per square foot.....

Instead:
Find out what the rents are for those units (rent comps from an agent other than the selling agent) and work from that. The market is over inflated in North Texas. My personal opinion would be to work the numbers starting with the rent, factor in your expenses, and determine your operating expenses.  Find a sales price that makes sense to you submit an offer regardless of the asking price. 

If you're going FHA with 3.5% down, keep in mind you'll have PMI.

All the best,

Good evening,

I went down to the appraisal office and got the tax roll. I'm going through a ton of properties and I keep finding multiple duplexes on the same property. I'm in a rural area, so things are probably done a little different here than the big city. 
This image is an example of 2 Duplexes on one piece of property.
Would this meet the guidelines for FHA as a duplex -or- a strech.... a quadplex?

Thank you both for the replies! I had heard of Propelio on one of the podcast but could not remember the name.
That's exactly what I was looking for.

This is my first post on BP. I've just been using some of the tools up to this point and listening to the podcast on a daily. I figure with 300+ podcast, I can do 2 / day and be caught up in 6 months! 

What do you non-realtor/brokers do to get access to MLS data in the DFW Market? Specifically, NTREIS. I need it for comps on rentals and comps on home values.

I've been considering getting my Real Estate License, but I'd really rather just pay a fee to get access.

Surely this topic comes up a bunch. I couldn't find a search bar on the site. 

Thanks for your help,

Jeff