NOTE: Please visit the investdfw.blogspot.com/ - I keep posting additional properties on the website.
Lots of new inventory and price reductions (typical for Summer). Owners are getting more realistic on selling their properties. With that said, you HAVE TO MAKE OFFERS. Deals are getting done but have to make an offer to see where the seller will move to. If they are listed correctly, at market price, it will be a multiple offer situation. On the higher priced ones there is an opportunity to engage the seller without a multiple offer situation.
Below is the JULY 2019 update. With Summer approaching, you have seen inventory with higher DOM dropping prices and getting more realistic on making deals.
Short list of cash flow property below (FULL LIST available at investdfw.blogspot.com/).
JULY 2019 PROPERTY UPDATE
DUPLEXES – ALL PRICES
OTHER PROPERTIES FOR SALE – Updated 6/30/2019
0. 15 Townhome package in North Euless off Hwy 360 - $2M - Off Market
1. Brand new 4-plexes in New Braunfels, great location, 3 bed units - $725,000
2. Central Ft Worth - Off Market - Commercial MF - $500k-$3M - a few options
3. 4-plex, year 2019, New Braunfels, great access to everything - 6.5% Cap - $725,000
4. New build 4-plex, Northwest Houston - Year 2018 - $689,000 - 6.9% Cap - Hot Area
5. 54 units in Azle, TX (Just NW of Ft Worth) - Lots of Growth, Class C - $4.2M - 91% Occupancy
6. New build duplexes in San Antonio and Austin - $350-$425k - decent selection
7. Brock, TX 2 duplexes per lot (4 units) - New Build, High end, Getting $1750 rent per unit - $7K Month - HIGH Growth Area
8. 22 units - Townhome style - next to Sam Houston St Univ - 7.8% Cap - $3.7M - newer build
9. 19 duplex package - Lubbock - Texas Tech - $3.8M ($200K per) - Year 2003 builds - stable area
10. 54 units in Azle (west of Ft Worth) - Class C - Next to new hospital, off main Hwy. High 2 bed unit mix - $4.2M
11. 12 units in Denton - Great Location - $1.325M - next to everything. Class C.
12. 14 units in Richland Hills - $1.375M - advertised as “Value Add” Should have more details next week.
13. 5 duplexes on Fall Manor (they are in the duplex link) - overpriced. They were bought 2 yrs ago. Buying as a package at $325K would be interesting.
BUILDER INVENTORY (Builders reducing pricing all over DFW)
This time of year we start to see the builders get more aggressive on SPEC inventory. This has been limited since the Housing Bust of 2008 but I am getting more and more emails from builders with discounts on increasing inventory. Some still don’t allow investors but worth a look if wanting a newer product.
This is becoming a more popular option than town homes. Typically better locations, lower price and No HOA fees gets them to a better cash flow number. Also popular for those investors working the AirBnB model to achieve higher cash flow.
LIST ON MLS (Hundreds of Websites) FOR FLAT FEE OF $150 – FOR SALE OR FOR RENT PROPERTIES…… (..flatlistingfee.blogspot.com/)
I offer a Flat Fee MLS service to list your investment property For Sale or Rent on MLS. First listing is a flat $150 and each listing after is $125. The flat fee gets the property on MLS and all the sites that pull feeds from those sources. Great exposure for your property. If you would like information on this program, please call or email.
FULL SERVICE LISTING – 1%
If you need more than the MLS Flat Fee service, I will be offering Full Service listing for only 1% on the listing side (still reserve 2-3% for buyer broker). Reduced commission but full representation of photos, signs, lockbox, negotiations, etc.
Please call/email for details.
do NOT contact me with unsolicited services or offers