All Forum Posts by: Vic Reddy

New construction costs can vary on several factors - land development, total sqft built area, on-site/off-site utilities, retention/detention area, covered/open parking, type of foundation and the list goes on. Do u have all permits from your City/County? Review civil & Archtect plans to see if u can save development costs

Murali There are several suburbs in DFW market with excellent/decent schools. It would be hard to find a cash flow property in Plano, Frisco, Allen areas but there are other suburbs where u can buy SFH /Duplex/4-plex with cash flow. Tarrant county in Fort Worth has strong rental market & u can find properties < $200k but schools aren’t great. These cash flow well PM me & we can discuss further. I moved from Bay Area 18yrs back to DFW & never looked back. I am Real Estates agent & developer in Dallas area

Most Brokers don’t have this restriction on agents buying investment properties Investors don’t need RE license unless u plan to do multiple transactions/year. RE agents also have over head costs with their brokerage If u do plan to practice as RE agent and help others buy/sell properties it might be worth getting a license. Otherwise work with an experienced local agent

Do u have experience in rehabbing or in construction? I assisted several investors in buying multi family units & Commercial lots, office, retail space in DFW area . PM me & we can discuss further

Garland is a doing well on rental market due to its proximity & location to Dallas downtown & highways. I am Realtor in Dallas area and let me know if I can be further help. How much are the rents & asking price? I can assist you with comps. PM me

Do u know the HVAC unit rating? I just replaced a 3-ton unit inside furnace & outside condenser for $3800 ie whole HVAC unit PM me & I can share my HVAC guy contact info

Nicolas Welcome to Texas.....it would be good to connect with u. I worked on several small multifamily units < 20 units. Let's connect when u r in town. Feel free to contact me offline

U can terminate PM on closing. You do need to honor current leases with same terms & conditions. After closing write a lease transfer or new lease agreement with only change in Landlord name & contact Get all the tenant deposits, extra keys & pro-rated rents at closing.

Just to give u a price point on inspection quotes - we got a quote of ~$3500 on 106-unit inspection in Dallas. Inspection company was going to use 8-inspectors to get all units inspection done on the same day. We always get all units inspected to know the repairs/re-model costs. This also gives another chance to negotiate with Sellers

Greenworks inspections. Gr8 inspections & u can see their reviews online on Google & Yelp