All Forum Posts by: Clementene Taylor

Hello Douglas is this property still available? If so can you send the pics [email protected]?

Thank John I appreciate your input.

Hello @Mirasol Aninon if this property is still available please PM me with your contact info. 

@Maynhia Stott Hello Maynhia if this property is still available please send pics and address along with your contact info to [email protected]

@Zach Lemaster, Hello Zack, I'm interested in this property please provide me with more information and PM me your contact info. 

Hey all, just looking for a little input/number check on a potential deal. I have been looking for a nice multifamily. I plan to live on one side for about a year or two.

Duplex: 3/2 on both sides (1693 sq ft on each side), built in 1997. The duplex is located in a Class B neighborhood in Fort Worth TX. Property is in really good shape but may need some minor updates to get top rent in that area.

I plan to live in one side for a year or two but I ran the numbers as though I’m going to rent out both sides and hire a property manager.

The sellers asking price: 599K

5% down ($29,995) (Purchasing as a primary)

30 year note @4.50%: $2887.62/Month

Insurance: $160/Month

Taxes: $566/Month

Total Mortgage: $3614/Month

Rent: $2500/side

CAPX: $250/Month

Mx: $150/Month

Vacancy: $150/Month

Property Management $400/Month

--Cashflow: $435.79/Month

*Zero management cost for the first couple of years but I want to

*Both sides are currently vacant I plan to live in One side for 1 – 2 years and rent the other side out. I don’t see a problem with finding tenants because it’s in an up and coming area.

Any input/advise would be appreciated! Thanks all!

I would run the numbers with BP rental calculator to see what your true cash flow is. Plug in all the expenses require to run the rental properly and see where you stand. I had a similar situation and after accounting for all expenses my cash flow would have been negative.

This is a really good post and thanks for sharing the knowledge @Dave Foster 

That for the response. @Bart H. I agree I know that its very difficult to find deal in the market right now. I hope that it resets pretty soon. 

@Dominique Taylor I will look into them, I'm located FW as well there are a few pockets here that I feel some money can be made but it is difficult to find something in today's market were the numbers make sense. 

Hello all, just curious what are your thoughts on investing via a Turnkey company and do any of you know of any good trusted Turnkey companies in the Dallas /Fort Worth TX area?