All Forum Posts by: D'Ondre Hart-Robinson

Quote from @Jay Hurst:

Quote from @Penny Wilkinson:

How are appraisers approaching value on multi-family when there are extremely limited comps available?

I am considering selling a two-unit in West Texas, but only one duplex has been sold in town in the past eight years. I've talked to two local agents about possible price points to list at, but it almost seems like they are pulling numbers out of a hat. I'm curious what others have run into when comps are very limited.  Rents are high in this town and I think folks just don't sell their multi-family units very often. 

 That is crazy that there are not more 2-4 family in a market like Midland-Odessa with a ton of transient oil field workers that do not always put down roots. Do both cities zoning make it very hard to build 2-4 unit properties? 

 In my time out here in odessa and also working in the oil field. What I've realized is that a lot of these companies that do pay for housing stay in the larger apartment complexes because the companies pay for it. It's a lot easier for both parties and cheaper for the company. So the duplexes are in more quiet secluded areas and rent to more of your regular 9-5 workers there are more than people think but not much for sale. 

Quote from @Penny Wilkinson:

Quote from @D'Ondre Hart-Robinson:

Quote from @Penny Wilkinson:

How are appraisers approaching value on multi-family when there are extremely limited comps available?

I am considering selling a two-unit in West Texas, but only one duplex has been sold in town in the past eight years. I've talked to two local agents about possible price points to list at, but it almost seems like they are pulling numbers out of a hat. I'm curious what others have run into when comps are very limited.  Rents are high in this town and I think folks just don't sell their multi-family units very often. 

Hi Penny i'm actually an investor that resides in Odessa as well and my realtor actually just sold a duplex recently and in that area they have several occupied duplexes and some for sale. So if you want to get some more insight or an opinion I can send you over her contact information.

 Sure, that would be great.  Thank you, D'Ondre.

Heather Carrigan 
+1 (325) 212-7134

Quote from @Penny Wilkinson:

How are appraisers approaching value on multi-family when there are extremely limited comps available?

I am considering selling a two-unit in West Texas, but only one duplex has been sold in town in the past eight years. I've talked to two local agents about possible price points to list at, but it almost seems like they are pulling numbers out of a hat. I'm curious what others have run into when comps are very limited.  Rents are high in this town and I think folks just don't sell their multi-family units very often. 

Hi Penny i'm actually an investor that resides in Odessa as well and my realtor actually just sold a duplex recently and in that area they have several occupied duplexes and some for sale. So if you want to get some more insight or an opinion I can send you over her contact information.

Greetings guys I'm D'Ondre (Dee-ahn-dray) an aspiring Real estate Investor. 

I have been interested in Real Estate investing since I began college in 2015 and always knew thats what I wanted to do in the long run. Upon graduation from college I started work in the oil & gas industry 80+ hours a week. But I have started to take my real estate endeavors serious over the last year and my studies much more serious over the last 5 months and although I may not be ready, I am ready and eager to take that leap of faith and try and put what I know into affect with the right people and obtain my first property in the West Texas area via House Hacking or a buy and hold deal within the next 60-90 days.