All Forum Posts by: Jessica Hughes

So the other day I was driving around while my son was napping, and happened on a really jacked up vacant property, all boarded up and overgrown, in a fairly nice neighborhood in Collin County Texas. Lot is fantastic, gorgeous trees, a lot of potential. 

Looked into county records and theres about 23 grand in back taxes on it, about 8 years delinquent. Thinking about going to the county and seeing about purchasing it. Could sell the lot to a couple Chip n Joanna's for like 60 to 70 (this area is crawling with flippers).  If I rip the boards off and it's in better shape than expected, I could fix it up and rent it for 1450 or so in that area. 

Never done this before. I Googled the basics about maybe it's on an auction list and you buy the lein and evict and all that. 

If the property is vacant, what legal sort of loopholes do you have to go through to technically evict someone? What are some of the possible out of left field costs that might pop up that I should keep in mind?

I have a vague understanding of the basics and that's about it. I need like, a solid breakdown

I'm sitting on 60k in cash for properties. I was looking to get 5 properties in 2 years buying single family homes and renting them longterm. In the DFW I am running into a lot of all cash flippers as competition so I am having a hard time finding properties that make sense at the moment. And the wholesalers hit it pretty hard here too. 

Got 46k I'm rolling into a self directed IRA next June for a property. Got maybe 1500 give or take a month passive income I'm stacking on my house cash through some mutual funds and stock too.

I was a union carpenter and enjoy the remodeling process, so I do like fixing places up, but this one is appealing because it seems like I can get it with the almost guaruntee of excellent cash flow in like, 5 years, with zero work and then I have time to do a more involved reno with my other cash (plus my zero interest business card that's still got about a year on it).

I'm trying to look at it from a 10 years from now perspective though. Like 10 years from now, will I be glad I put up with janky cash flow for a little while to better my long term cash flow outlook? Or regret missed opportunities I could have taken if my cash wasnt tied up? 

Maybe I just need a solid fortune teller, any recommendations? 

After all my expenses it is 200 total, not per door. But that's at asking price assuming I don't totally lowball the guy. I'm still just thinking it over.

Including closing costs, about 48000. So right at 5%. The appliances, roof, AC, and flooring is all less than 5 years old, so I am talking about a duplex in good condition already. 

My first property is giving me about a 14% return on my cash, but was a lot of work. Mostly wondering if it's worth a low return for practically no work, assuming I can raise the rent maybe 25 to 50 dollars per month each year as my area gains popularity? 

Hi, I am new to investing and I am looking for my second deal. There is a duplex for sale that is actually a 15 minute walk from my house. Great school district, fast growing area, pleasant middle class neighborhood. 

It is fully occupied with the leases running out in a few months. The cashflow at the current price and current rent would only be 200 a month for the entire thing, but I was wondering if it is worth it to just buy something that is immediately cash flowing day one with the intent to raise rent later, or should I keep looking for things with a higher cashflow (which seems to be difficult to accomplish right now in the DFW. My first property is fantastic, but there was a lot of luck and right place/right time on that one)

I dont mind being patient if its lower risk. I want at least 10 properties before I begin financially riskier endeavors. But I also dont want to throw my money in a cash trap.