All Forum Posts by: Stuart Chinworth

Hey Jordan. I will send you a message on who we use. They have been very professional and made our lives as out of town investors much easier. 

@Jim Owens What you see in the news can be very misleading if you don't know what areas to stay away from. Very generally speaking, I would NOT invest in any property that was east of University Ave unless it is south of 82nd St. A lot of the newer homes can be found in the southern portion of the city as well as some pockets in the western part of the city. Let me know if you have any specific questions and I will help out any way I can. 

Hey @Eric Andersen. As mentioned in my connection request, rental demand is strong in those areas and it should stay that way for a while. Glad to hear you are pre-approved, when the right property becomes available, you have to act quick. 

Yes, it is widely known that this is a company you want to stay away from. 

@Jing Xu The two things that sick out to me are the management fee and the property tax. For those two items, I would personally be budgeting the following:

1. Management Fee (10%) - $250/mo

2. Property Taxes (Est. $7.200/yr, per LCAD) - $600/mo

That's an extra $275 in expenses, bring your cashflow down to around $125/mo. 

@Naveen Chitluri, I would say that the demand for rentals in town is high at the moment. Whether you choose a single family, multifamily or short term rental, you can cashflow and still have the upside of longterm appreciation. What kind of properties are you considering? 

@Pravalika Reb Welcome! Lots of knowledge and resources on this site. 

What class of real estate interests you the most?

Good advice from @Tommy Adeoye. He is right, there are pockets in DFW where the numbers workout. That being said, you really have to know exactly what you are looking for and need to be ready to act quick! As mentioned, DFW is a huge area, expand your search within your comfort zone. There are a lot of areas close to DFW that have less competition, somewhat lower taxes and a need for rentals. Good luck! 

@Oscar Catalan Always exciting searching for your first property. There are still good deals out there if you can move quick and get creative. 

@Silas B. Generally speaking and with a few exceptions, if I were looking at a map of LBK and drew a straight line, north to south along University Ave, anything west of that line I would consider looking at. Assuming it met my investment criteria.