Ultimately I'd like to BRRRR this property but the market is so hot here right now I'd need to offer $100,000 or less to make the 70% rule.

Dallas Ft Worth is crazy hot but  I am visiting Waxahachie, town of < 35,000, where we (my team) plan to build single families. 

Dallas Ft Worth is crazy hot but I am visiting Waxahachie, town of < 35,000, where we (my team) plan to build single families.

Some areas are very hot and houses go very fast, others may be better for rookies.  

I'm not sure where the townhouse is in VA but many markets are very hot so now may be a good time to refinance.  

I've already replaced the roof, hot water tanks, and HVAC. 

Hello, I am curious to know how my fellow wholesalers find the "hot"markets or the markets they would like to invest in based on cash flow properties or fix and flips.

.- 5 year tenant-Utilities:  All tenants pay their own utilities (Gas, oil, heat...not water)-Water Bill: $650/Quarterly- Paid by owner (me)-Taxes: $1700/Quarterly -Home Insurance: $2150/year-Flood insurance (needed): $1400/year-New roof 2013-New hot water heaters-New electrical-Mortgage info:  -Purchase price: $780,000 ($260/sq ft)-20% down: $156,000-30 year fixed @ 3.708% (**Current level)-Total mortgage payment (including taxes, ins, etc)= $3,955/Month-Total income from rent= $4,800-Cash flow: $805/month (@ $1200 rental per unit).  

a new trend is taking place on the licensure of rentals and this has come from so many suits being filed against the owners of these properties which have turned liability onto the county or city now-the number one hot topic gaining leverage onto rentals is the NFPA- national fire protection agency-the cities and counties are really looking into the code increases and the tightening up of accountability that is placed on the owner- for years the building division in most areas were there to do inspections and make sure dwellings were up to code requirements, the new turn is this is being handed over to insurance carriers and they are really sharpening there pencils and going above the code minimums- owners will have to pay for a regulator agent ie.. insurance underwriter to perform the inspections before licensing the dwelling as a rental- getting rid of the home inspector businesses enjoy

Hey guys, I'm looking to purchase a multifamily unit, a quadplex to be exact, with the focus being on producing more household income.