All Forum Posts by: Mark Wood

Start calling some of the larger property management companies in the area and plan on using it as a long-term rental.  The Austin area is getting pretty stupid on the short-term rental sector.  Check up to see what the municipal rules are in the area.  NIMBY (Not in my back yard) crowd is pretty strong around there.  

I'd look outside the Dallas loop.  Right now those are so expensive, that you'll have a hard time cashflowing.  The edges have the best capital-appreciation opportunities as well as cashflow.  You may look at Burleson, Cleburne, Weatherford, and South Fort Worth.  You can cashflow and these still have a lot of upside potential for the market. 

I have a few things available from my flips.  Call me if your'e interested.  

Get on a few auto-mailers form some agents and look thorough all the existing and new properties on the market.  You'll get a good idea of what's going on in the market you want to focus on.  Also, start interviewing contractors and see how far out they are on scheduling.  Several good ones are 11 months out!  Guys like this are likely trusted, but it's useless to try and hire them.  You also want to line up financing, if you need it.  

I like to buy and sell houses that a teacher or a cop could buy.  Those properties will always be in demand.  As soon as your go to 1.5x or 2x that type of property, it takes longer to sell and the sales commissions take a bigger portion of your profit on each deal.  

Here’s a 2.5 Acre piece of land with an Industrial shop as well as a 2 bedroom house. The shop will rent for $2500/mo. And the house will rent in its present condition at $500/mo and with a bit of fix-up it could go for $900 easy.

The shop is 2700 sf and has a cement foundation and is a steel building. It has a 500 sf shop with air conditioning and a bathroom. The office space has decking above it for additional storage.

The shop has a huge gravel yard to turn plenty of 18-Wheelers. 

I would like to buy it, but I’m in a capital-raising mode at the moment.

It’s a quiet, charming place to build a spec home, or you could break it up into two lots and build two homes. It has some real possibilities.

This area has electric, but you’ll need to drill a well and put in septic. Parker county requires 2 acres per well. The Poluxi Aquifer about 350ft. deep in this part of the county.

401 Walden Rd., Weatherford, TX

https://goo.gl/maps/Vf7c3uUD1QU2

Contact me for the details.

-Mark

817-601-5032

[email protected]

www.redlonestar.com

2700 square foot industrial space along with a 2/1.5 house.

Just outside Cleburne, TX 

5753, 5759 Blackburn Dr.

Joshua, TX  76058

All of this is on 2.5 acres and is equipped with a sizable gravel turn-around yard for big trucks.

This is an industrial space with an office included. The office is 500 sf and has central air and heat as well as a kitchen and a bathroom.

The shop can be rented out for $2500/mo.

It also has a 2 bedroom, 1.5 bath house that needs a bit of work, but can be rented as is for $500/mo.

You'd also need to see if there are any restrictions on quad plexes in the area.  Cities tend to hate everything but single-family units.  If at all possible, see about wholesaling off the house and a few lots, but keep one for yourself for free.  

Check and see if they have water, sewer, and electricity near by or not.  Sometimes that's why these lots sit around for a long time.

Here is a 15.67 Acre piece of land with co-op water and electricity along the road frontage. It is just outside the city limits and there are no usage restrictions even though it’s within the ETJ!

The property is right next to a Wal-Mart Distribution center as well as the Chisholm Trail Turnpike.

It is perfect for industrial use or just a series of Metal buildings to be rented out for warehouse space.

Price $250K

Agents add your commission.

I have this property under contract currently, though I don’t own it.

It is in Johnson County, TX just north of the Cleburne city limits.

Please give Mark a call at 817-601-5032

Contact me with your questions.

This is a link to the interactive map the county uses

Does anybody know of some private money/hard money guys working in Weatherford, TX and Parker County?