Looking for all  your input on "Rent to Price" ratios for Dallas area (surrounding towns like Plano, Irving, Burleson, Crowley, Little Elm, McKinney...).

Originally posted by @Candi Rivera:Shouldn't the offer cover the remaining loan balance?...

Hi Candi,Is it fully occupied?

Things like, do we transfer the money to my LLC as a loan and build an operating agreement that specifies the payout terms and covers possible outcomes like having to rent the property.Do we purchase the home under an individual LLC(ie. 123 Candy Lane, LLC).Any help would be appreciated.Josh

get a new attorney.The attorney can set up an appointment himself and walk right in (tell him to bring lots quarters because the inmate will want to eat lots of candy at the vending machine).  

Followed by a fireside chat, a cup of Sanka, and some butterscotch candies ;).

Good afternoon, I own several duplexes in the Crowley, TX area and two of the units have Section 8 tenants.  

This lady didn't really understand Airbnb and would take awhile to get up to speed on refreshing toilet paper, candy bowl, etc.Kleenerly, an Airbnb service, is $110 for this house.  

IN my mind these days any rental property under 100k is worth what someone will pay for it.. since literally NONE of them get sold to homeowners only investors.. so the valuations are backed into by rental income more like Cap rate for MF.. its what ever an investor is willing to pay for a given cash flow.Hi Jay,All of my areas in Toledo are heavily owner occupied.They are also all under $100,000.It's great to be here and we have had quite the monopoly for many years now.Hedge funds don't like us because we aren't a sexy city and everyone else followed LeBron to Cleveland heheWe put our head down and just hammered out deals.As inventory tightens nationwide (I don't remember having a conversation with other players where someone didn't cry to me about how they can't find product) we still feel like kids in a candy store.I'm buying the same stuff I was 5 years.Please don't tell anyone that deals at 30 cents on the dollar and 15% net cap rates are falling of trees here.You just have to do the work and deal with shady contractors lolThanks mate

Luis Ortiz and Candy L.