All Forum Posts by: Cindy Zhang

In general, the market for rents above $1500/month is pretty soft. In the $400K purchase price range, rental prices are around $2500/month. Such a home will not cash flow without a huge down payment. And homes that rent for $2500/month can take months to rent. I am personally aware of one in a beautiful gated community that has been on the market since July. (Not mine, fortunately.)

1 Vote

Dallas, Texas

Hi Courtney, do you have any in Collin County?

Originally posted by @Courtney King:

@Michael Caine Great question! I get a ton of email blasts with off market deals. PM your contact info and I will forward some to you. I do have a new listing (in Garland) coming up (we're rehabbing now). Would be a great rental! I can send you the address and details. It should be complete in the next 2 weeks. Thanks for reaching out!

0 Votes

Dallas, Texas

Hi Eric, I just did an investment in WA in the way you described. Purchased using cash and planned to cash out for the next investment. When I was asking my lenders to provide me an offer I notice the interest rate is much worse than an investment property purchase loan - we're talking about close to half point difference on a 30 year fixed loan and I find it noticebly hurting my cashflow. If a cash offer helps you to be a lot more competitive in a given market, I think it's a good strategy to deploy. If not, you want to do some calculation to see if the marginal advantage can offset the higher interest rate you need to carry into your next investment project.

Have you made your purchase yet? I'm looking to invest in the area where you grow up and looking to pick brain of locals. If you are open to have a chat, please PM me.

Originally posted by @Eric Lee:

@Steven Loveless thanks for the info/advice. I've read about the BRRRR strategy on BP, could that methodology apply to doing cash deals for the kind of properties I'm interested in? Meaning pay cash for a 150k house cash (to get the benefits you mentioned of being able to close faster and be a more attractive offer), and then refinance afterwards to get some money back for future investing? BRRRR sounds like it's meant for fixer-uppers, but are there reasons it wouldn't work for a property that isn't a total fixer-upper?

0 Votes

Dallas, Texas

Hi @Brittney Johnson Have you found good PM that you like enough to hire? I'm looking myself and could use some recommendations. @Bruce Lynn

0 Votes

Dallas, Texas

Hi Naveen, I'm looking to invest in the same area and would like to pick your brain on what you can share about investing in North of Dallas vs. SF Bay Area, especially in terms of SFH construction quality, market temperature, tenant quality etc. Many thanks in advance!

0 Votes

Dallas, Texas

Hi @Nima Lama,

How's your experience with OmniKey? How good are they at sourcing, qualifying and managing tenants? Would you recommend their service to your friends and family?

Thanks,
Cindy

Originally posted by @Nima Lama:

Hi Zoe ,

Currently I am working with OmniKey Property. They do not require any contracts , basically you can exit anytime you want. They are fairly cheaper compare to other property management in DFW area . I started working with them few months ago. They do have some fees involved in the beginning but you can call and check if there is way around since you are seeking assistance for specific purpose.

0 Votes

Dallas, Texas

Thanks for sharing this, @Account Closed. Does it only apply to Seattle city? Any chance that it may expand out to other counties?

0 Votes

Seattle, Washington

@harrison Liu what's the threshold sets apart good cash flow property vs. average in this market?

0 Votes

Seattle, Washington

Thanks everyone! I'm going to research on your advices individually. What are the rent control laws in different counties mentioned?

0 Votes

Seattle, Washington

@Andrew Johnson Great advice - I totally agree, precisely why I'm on the forum. ;o) I'm a bit struggling with two types of different properties for this investment - Duplex with proximity vs. SFH in a more residential neighborhood, with Duplex much higher on lot size and sqft. What's your view on this one?

0 Votes

Seattle, Washington

All Forum Posts by: Cindy Zhang

Cindy Zhang has started 2 posts and replied 12 times.

Post: Zip codes recommendations for buying rental property in Dallas

Post: Best Areas to Invest in Dallas & Denton County under 200K 1% Rent

Post: Dallas Rental Property Market (newbie seeking info)

Post: Property Management Costs

Post: Home warranty with a house purchase in Plano.

Post: Property management company recommendation please

Post: First time out of state investor looking for advice!

Post: First time out of state investor looking for advice!

Post: First time out of state investor looking for advice!

Post: First time out of state investor looking for advice!