I came across an 8-plex with the following characteristics:Built in 1982, renovated in 2010Located close to Dallas Love Fields airport, across the Bachman lake8 units, 1bdr, 640 sfq100% occupied with 6 tenants on month-to-month lease$495 monthly rentsGross rent: $45240 (2013 actual)Actual expenses: $18770Property management is done by the ownerTenants pay for electricity; owner pays for water/sewer/trash/etc.Building is said to be in the good shapeNOI for 2013: $26470Current owner is in the process of raising rents to $525/mo.If I use their 2013 numbers and project them to 2015 with the addition of property management (10% of gross), I arrive to NOI of $22K which is close to 50% rule.How much should I offer for this property?

(Click Link for article) Voting Dallas as #2 I LOVE the Tarrant County market and Texas in general.  

Hello all!  My name is James Kulakowski and I'm a newbie to the REI world.  I currently live in Saginaw, Texas with my wife and two dogs.  My wife and I are in our early 20's and are fortunate to have purchased our ow...

@Guy Gimenez   Sorry guy I lumped you into Texas just like people lump Michigan into Detroit.the deals I closed today were Dallas and Houston ...

My current property is located in East Dallas and should cash flow around $650/month.

That has been my experience here in Dallas.

http://bizbeatblog.dallasnews.com/2014/10/new-report-dallas-joins-the-ranks-of-worlds-top-real-estate-investment-markets.html/

There are no rules that say you have to have two Texas properties and there are no special rules about refinancing and receiving cash except for length of ownership.I would be happy to share the different lenders that we and our clients use to purchase, finance and refinance properties in Dallas and Houston.

I listen to a bunch of AM radio, and always here the LU ads, so in doing some diligence on them I found BiggerPockets, which I think is going to be a tremendous win for me.I'm in the beginning stages of investigating if a multi family investment is something that makes sense for me, and I'd like to do it in the Dallas or surrounding counties. 

Hello from Dallas-Fort Worth, Texas.