All Forum Posts by: Allison Herge

Hi there! My husband and I are looking into selling one of our tenant occupied rentals outside of Houston, Tx and need some advice.

We purchased and renovated the home last summer (2017) and our tenants began their 2-year lease in August 2017. We would prefer to not wait to sell until August 2019 when the lease expires, but we do not have experience selling an occupied rental home. Do you have any advice for how to sell a home that has a lease and tenants in good standing? 

I imagine the best method to sell without breaking the lease or doing a "cash for keys" arrangement is to sell to another investor. So, in your experience, what has been the best way to connect with other investors to sell a property in this manner?

I'd be more than happy to provide additional details about the house. 

Thanks in advance! -Allison

Hello! I'm looking to connect with other local landlords. Specifically those interested in, or currently investing in the Bay City area in Matagorda County. Send me a message! Thanks!

@Helen Sons Thank you so much! I'll send you a message with my contact information. I won't be able to make it tonight, but I would love to attend the next meeting! 

And thank you, @Ronald Rohde! I'll check out MeetUp.com for some upcoming events. 

Hello! I have recently moved to the DFW area from Houston. I am looking to get connected with real estate groups and attend some networking events. 

I began investing in real estate about a year ago. I have 4 SFH deals under my belt: 1 rental, 2 flips, 1 rehab/refinance/rental. I'm eager to get involved here in Dallas/Fort Worth, continue investing, and building my team.

Thanks in advance for your help!

-Allison

Hi! I'm new to the PB community and just getting my feet wet in investment real estate. I'm looking at a duplex in a large college town and want to get some advice before moving forward with an offer.

The Details:

-Duplex, both 4 bed/4 bath

-Listed for $250,000

-Currently 100% occupied, $300/room

-Cash flowing $2,400/month

-1 mile from campus

-6/10 condition, 2/10 aesthetics 

I think that with new flooring, paint, and updating the kitchens and bathrooms, I could increase the rent to $550-600/room. 

My Questions:

-Given these details, does this sound like a good investment? 

-Considering that it is in a college town and will likely rent to students, how do you take into account vacancies for the summer months?

-What costs are expected with turning over a property like this each school year?

Thank you for you input! I'm hoping this project can help my family move closer to begin financially free!

-Allison