All Forum Posts by: Preston Dean

I am wanting to obtain property that had been in my family but went into probate and was bought by someone else.  Where do I start?

 When you say pay for screening, what are you paying for and to whom are you paying when screening tenants?

Hi all-

I manage a breeding facility for horses. It’s on 132 acres of mostly pasture. There are 2 nice homes, 3 mobile homes, 2 small barns, 2 equipment sheds, 3 wells. 

The owner doesn’t want to list it. I’m looking for a private buyer and have it on some niche pages like horseproperties.net and land.com but these are drawing zero leads. I think the land would honestly be more valuable for investment rather than a breeding facility but I don’t know how to approach pivoting my marketing pitch away from horse people towards investors. Would love thoughts and ideas! 

Oh, they place is in Valley View TX, an hour north of downtown DFW.

Many thanks!

What list are you having luck with right now to find motivated sellers? 

Bigger Pockets Family! 

We have a unique opportunity to buy a an out of state home in Ft. Worth, TX but because it is out of state and involves some creative financing, I'm hesitant. The home belongs to a close friend of the family who is in a financial pickle and needs to sell the house asap. This 3 bed, 2 bath home 1600 sf, was originally listed for $310K and price was just dropped to $300K this week. The owner is offering to sell us the home for $285-290K with the following terms:  1) Loan is assumable at 3.75% with a $182K balance owed, we would take over the title/loan 2)  $20K down 3) owner would finance the $83-$88K balance @ 5.5% for 5-7 years with a balloon due at the end of the term.

The house currently rents for $2100, PITI is $1762. Compared to what I am used to in Denver, property taxes are quite high: $575/month. Based on the terms at hand, would you jump on this or run? Any suggestions or recommendations would be greatly appreciated. Thanks in advance!

Gina

what does a “2 month lease” mean because I’m currently trying to lock up a property in Dallas but the seller tells me there’s another person offering the same price as me but they are offering two months lease and I’m unsure of what that means exactly can someone please explain

Hello, I am new to this forum and site. I really appreciate any insights on land investment that is along the rail road track. We are not going to build any structure on it any time soon. But, in future if we want to develop any residential or commercial buildings on this land, would this rail road track going to be a deal breaker in terms of attracting potential developers or buyers or investors? 

Hi everyone! My husband and are are planning to move out of state next spring and are considering renting our primary home while purchasing a new one. Our primary home was a rental property before I bought it and the neighborhood we are in does well with rentals.

I'm looking to calculate ROI and rental income and appreciation projections, but all of the forumlas and spreadsheets I'm finding are for homes being purchased specifically for rental, not converting an owned house. Our house has significant equity, and I want to ensure that we are taking all of that into account.

Does anyone have any recommendations on calculators or what numbers to plug into the standard calculators to get an accurate reflection?

Hey guys,

My name is Francis.  I have just closed on a new duplex I am planning on house hacking next year.  I'm really excited as this is my first home purchase.  I would have never thought of buying a multifamily unit had it not been for the BiggerPockets podcast and videos.  

The duplex I purchased doesn't need a rehab since it's a new build.  So the hope with that is after I move out in a year or so with appreciation and increase in property value, I will be able to cash flow the property in the next 2 to 3 years.   I didn't want to go through the rehab process of a house hack the first time around because I have a small child.  But after I live in this new property, I am planning on either finding another multifamily or investing in a single-family property in my state or the Midwest.   

I am looking to get into Wholesaling as a side gig to help fund my next property I want to purchase and would love to connect with anyone I can just learn from. 

Thanks