Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

It’s exciting to hear about your first project, and Denton County is a great market with plenty of opportunity.I’m a native San Antonio real estate agent specializing in investment properties, and I’d love to connect.

If they are willing to help, you can tell them that they can advertise the property in places that you are not; to help you find a tenant.

My property tax is around $350 a year. 

use STR reports it's more representative of major hotel markets and hotel inventory. find hte right brand. we just did a 150 page report on one development site.

I’d like to discuss it with a realtor, but I’m worried that if I disclose the deal, the realtor could bid against me on the property.

As far as a DST goes for replacement property, it can be a great potential solution for those who are no longer interested in the traditional responsibilites of ownership any longer or who may be having a difficult time finding adequate replacement property or properties. 

In terms of negotiating the deal, we looked at the property and its condition and negotiated the price down and eventually met in the middle.

I have two properties which at 10% fee will be around $35K.

I own just at $8mm in real estate here across 25 or so properties and am an agent.