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All Forum Posts by: JD Castillo

JD Castillo has started 1 posts and replied 37 times.

Post: New Member from Carrollton, TX

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

@Andy Webb

Are you looking for more of the margin spread or the percentage of ARV - repairs? What are you seeing others pay?

Post: Houston / Dallas / Fort Worth Property Manager

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

@David Chow

Jason Otts with OneProp is who I recommend to all of my out of state investors.  his number is 469-774-5710.  

Please let him know that I sent you.  

@Andrew Herrig

 what markets do you specialize in/seeing these type of margins?  

Post: Hello from Frisco TX

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

Welcome to BP Joe!  

@John Chapman

 That's what the post is about...It asks the question, what percentage and/or margin are you seeing investors buy at throughout the metroplex?  Not advocating...just wondering. 

Post: New member from Fort Worth, TX

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

@Steven McPherson

 Welcome to BP! You have decades of experience at your fingertips.  If I had one piece of advice to give you it would be to set deadline of when to do your first deal and do it! A lot of people do a lot of learning and spend thousands of dollars in education and never do a deal.  Break into the market as soon as you can.  

Good Luck!

Post: Looking for a Property Manager, DFW TX

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

Jason Otts with OneProp is who I recommend to all of my investors.  

His number is 469-774-5710.  If you talk to him, tell him I said hi. 

Post: Plumber in Fort Worth

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

Cecil Vosler is super reliable! I've used him personally and recommend him to all of my investors. He's not the cheapest in town but he is reasonably priced and he does quality work.  

His number is 817-480-1557.  If you call him, please let him know that I sent you.  =)

We are currently seeing a big swing to investors calculating an acceptable dollar amount for NET profit and not necessarily purchasing on a set percentage.  For example, if a house needs a true $5,000 in rehab, and the days on market are super low in the neighborhood, investors would be looking to make a quick and easy $10,000 on a house rather than purchase it at a certain percentage.  

SW Fort Worth 75-79%

Keller / Grapevine 75-83% 

Arlington /Grand Prairie 76-80%

North Dallas High End 78-82%

Cedar Hill/ DeSoto Rental 20k equity

Kesler Park  High End 81-84% or 20k

M-Streets 82-84%

Richardson 82-87% rental

Plano 15k profit

What are your thoughts on these markets and others such as Denton, Frisco, Lewisville, Little Elm, Flower Mound, South Oak Cliff, Seagoville, Arlington Heights etc...

Post: New Member Intro

JD CastilloPosted
  • Residential Real Estate Agent
  • Lake Dallas, TX
  • Posts 41
  • Votes 18

@Amelia Woolsey  @Kevin Reynolds   Welcome to BP! 

AREA meetup is also a good source of information for investors.