All Forum Posts by: Nima Patel

@Nima Patel As a fellow new investor in DFW (hopefully will have my first accepted offer tonight!), I completely understand what you are looking for, as it was what I originally was looking for ~9 months ago when I started. (At least SFRs, haven't looked at MF much) A/B I think is very subjective, but let's just say these are nicer neighborhoods where you would be happy to live there if you were renting.

I'll skip the cap rate term and just say your target of close to 10% of purchase as NOI is going to be very hard to hit - especially with the properties you are describing. Only cosmetic, solid A-B houses is pretty much what I see on MLS here; competition is tough and prices are high. With conservative projections of expenses, I am seeing closer to 3-4% type NOI/price deals on MLS. Maybe wholesalers find these properties, but I bet the competition there is pretty fierce too.

Not saying they don't exist, but I just haven't seen them. Not trying to rain on your parade either, obviously I am still excited about the prospects of DFW rentals in solid B+ areas because I have offers out. I just run numbers very conservatively. Start analyzing a whole lot of deals like most folks suggest, and then see what realistic goals are. 

Good Luck!!

@Nima Patel

You can find Single Family Class A in following area

Frisco, Plano, McKinney, Allen, Little Elm, Southlake, Murphy, Keller, Rockwall etc...

For Class B in ...

Crowley, Burleson, Watagua, Desoto, Cedar Hill, Princeton, Denton etc...

Again it depend on specific area within these cities but overall you should target these cities..

Hi @Nima Patel,

What kind of properties you are looking for? SF, MF, Retail..?

What category of properties you are looking for? Class A, B...etc..

What is your goal? Flip, Buy & Hold etc...

Your research of regions, neighborhood and trends depend on your criteria.

Welcome to BP Ms. Patel.

I am a Real Estate Agent in Macon, GA. If I can be any help to you, please feel free to PM me.

Nima,

Welcome to BP!  I've been investing in the Macon/Warner Robins market for over 10 years.  Feel free to PM me.  I think you will have a hard time finding better cash flow than the Middle Georgia Market.  I have several houses under contract right now that with anywhere from $20-$30k invested you would be getting $600-$700 per month in rent.

I too am furthering my education about Investing in the Atlanta market; we have a lot of knowledgeable investors here that will be more than happy to help. 

What niche were you looking to work in BTW?