All Forum Posts by: Trenton Brown

Agree with pretty much everything said above. I'm no expert, but do know for a fact that you are much more likely to find "good deals" off MLS – through mailing, cold calling, off market groups/connections, etc. I also have some investor agents that send me off market deals via email on a weekly basis – which are also good to practice deal analysis.

Deal analysis is a huge factor and takes practice. Will be doing the same thing myself with land on the team I joined at Keller Williams.

1 Vote

Denver, Colorado

also look into AI powered softwares for narrowing down your search criteria.

1 Vote

Austin, Texas

Mailing campaigns & cold calling. Top 2 methods IMO.

1 Vote

Austin, Texas

Look into Columbus and surrounding areas. I may be biased (that's close to where i'm from), but that is one of the fastest growing markets with tons of demand and development PLUS even cash flow potential. Tons of industry inflow including Amazon, Intel, LG..... and the Anduril announcement that just happened today. HUGE.

0 Votes

Quote from @Remington Lyman:

Quote from @Trenton Brown:

This is my first time filling up a unit and I'm out of state. Just looking to get some tips / efficient ways to speed up the process while also getting a solid tenant in the space.

Tenants leave the 15th and I plan to patch holes that evening and paint + hire cleaner on the 16th and have new tenants move in the 17th.

I've listed on TenantCloud and am managing leads on there. Most seem to want a showing (i am currently making a quick google sheet with available time slots on a Sat morning for my dad to show). I have the rental posted on basically every platform including facebook groups.

Is there anything I should know? Open to any wisdom. Love learning and hearing from experts.

Preleasing usually works best in A areas or campus rentals. It's worth trying, but it may show better after being tunrf. I hope it works out for you!

Thanks Remington!

1 Vote

Columbus, Ohio

Quote from @Jonathan Greene:

You are rushing. Anyone who tries to do a one-day turnover and then get tenants in the next day will choose the best application they get in the first two days and that can kill you later. Every vacancy should be a minimum of one week (if your previous tenants allow you to show it before) to thirty days (if you can't show it until they are out). You need to do more than a day of fixups - painting, carpet steam cleaned, cleaning all drawers and appliances, exterior touchups.

You have a "perfect" process set out, but it's one that will push you to make a bad tenant decision and not vet them properly.

Agreed. I went through applications for about a week and I'm glad I did rather than picking the best from the first 2 days listed. Thanks Jonathon!

2 Votes

Columbus, Ohio

Thanks Kerlous

1 Vote

Columbus, Ohio

3 Votes

Columbus, Ohio

Quote from @Bruce Lynn:

@Trenton Brown yeah weird phenomenon here in Texas where we sell 1/2 duplexes. One building-two sides, often separately deeded and the sides sell separately. So technically I guess it is multifamily, but sold as single family. Where are you looking to move?

Due to low rents and high sales prices, 2-3-4 plex normally doesn't work great for house hack around DFW. Best option is 4-5 bedroom house, depending on your price range. Live in one room and rent the rest. On 2-3-4 plex it is long term play. Rents on the extra units likely will not pay for your mortgage and you'll need to pay full rent on the unit you occupy. So for the most part on MF the idea of living for free was probably 10 years ago or more.

Thanks Bruce. Thats what i'm finding out as well. Might need to look into something a little more creative in the meantime. I will be married by EOY and i don't think we'd be down to live in a house with 3 roommates haha.

0 Votes

Dallas, Texas

Quote from @Denver McClure:

Hey @Trenton Brown, unfortunately you'll see several multi-families that are incorrectly listed on MLS, so you'll need to look closely. I've househacked several properties in Dallas and I still believe it's a great market to househack if you can find the right deal. You might want to expand your scope to search for SFH+ADU, and live in the ADU portion. They are really popular in the older neighborhoods surrounding Dallas. Nearly a half dozen of my clients are looking for their next househack or MFH in DFW right now, so just a piece of advice....move quickly!

I'd suggest speaking with an agent who also househacks. @Matt Solis can help!

Thank you so much Denver. Super helpful! I will connect with Matt

1 Vote

Dallas, Texas

All Forum Posts by: Trenton Brown

Trenton Brown has started 6 posts and replied 27 times.

Post: Advice Needed: Identifying "Good Deals" in Real Estate Investing

Post: How do you find Off-Market Properties?

Post: How do you find Off-Market Properties?

Post: Where To Buy My First Rental Property

Post: First time filling up a unit for property OOS

Post: First time filling up a unit for property OOS

Post: First time filling up a unit for property OOS

Post: First time filling up a unit for property OOS

Post: What's with Small Multi-Family Listings in Central TX?!

Post: What's with Small Multi-Family Listings in Central TX?!