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All Forum Posts by: J Smelser

J Smelser has started 8 posts and replied 30 times.

Post: Dallas Investor

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Hey Mike,

I did appraisal work in the Dallas Fort Worth area for 5 years and really enjoyed the area. It is a smoking hot market right now. I would encourage you to be extra careful when you buy as it is a sellers market currently. That being said, deals are out there. The prospects for DFW going forward are great due to the employers relocating to the area. 

Best of luck to you!

J

Post: Little Rock investors

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Thanks Allison!

Post: Little Rock investors

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Looking forward to attending the Central Arkansas Real Estate Investors Association meeting for the first time this December. Love to connect with you Little Rock area investors both here and at the meeting.

All the best,

Josiah

Post: House Hacking Duplex Dallas - 1 Side Vacant - Price Reduced

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Price reduced on a perfect house hacking opportunity in the Dallas Fort Worth market. I am selling the duplex at 6124 & 6126 Victor Street in Dallas, Texas 75214. One side of the duplex is vacant (3 bed/2 bath 1,340 SF) while on side of the unit is leased at $1,395 per month (2 bed/1 bath 1,100 SF). The smart move would be to buy the property and live in one side and take advantage of the very low primary residence financing on an FHA loan with 3.5% down and very low interest rates. You would have $1,395 in income the second you start living in the property. This is a great way for a new investor to start their investment portfolio.

The duplex has been marked down to $483,000. The property is located in the Junius Heights neighborhood and in the top rated Lakewood Elementary school district, within walking distance of Lakewood Country Club, Whole Foods, park, library and minutes from White Rock Lake, and downtown Dallas. Great parking for the area.

Both units have granite counter-tops, stainless steel appliances, and new paint along with vintage features of large bedrooms, hardwood floors, and raised ceilings. Separate utilities for both units. The unit breakdown is as follows:

6124 Victor St is 3 bed/2 bath/1 FP. 1,340 square feet (vacant)

6126 Victor St is 2 bed/1 bath/1 FP. 1,100 square feet (occupied)

Both units sold together for $483,000.

Homes in the neighborhood are being bulldozed and million dollar homes are being built in their place. This neighborhood is very nice and appreciating at more than 10% over the last several years.

Post: Duplex in Dallas in Junius Heights

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

@Rigo Medina I just posed it in the marketplace. Thanks!

Post: Duplex in Dallas in Junius Heights

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Post: Duplex in Dallas in Junius Heights

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

BP Family,

I have a duplex in Dallas in the Junius Heights neighborhood that is fully leased and cashflowing that I am selling. What is the best way to sell a fully leased property? MLS? Word of mouth? Advice is much appreciated!

Post: Best Property Management In Dallas Fort Worth

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Hey Guys and Gals,

I am interested in a great property manager/management company in the Dallas Fort Worth market. I have two units in Dallas in a nice area that need good management. Interested in your feedback.

Thank you,

DJ Smelser

Post: MeetUps - Little Rock, AR

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Post: MeetUps - Little Rock, AR

J SmelserPosted
  • Investor
  • Huntsville, AL
  • Posts 42
  • Votes 8

Hello All,

I am new to BP and am an investor in the Little Rock area. I look forward to getting to know you all!

Can you please recommend a good investor friendly real estate agent? Also, can you give some recommendations for a quality property manager?

Thank you,

Josiah Smelser

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