8 October 2019 | 7 replies
I recently looked at a couple properties in Dallas where a multifamily with under 10 units is listed is listed from about 800,000 to 1.5 million.Here are my thoughts :If I had the money to purchase any one of those properties from 1 million to 2 million price range I would probably want to get something that is more than 10 units so that I could spread out the potential risks of vacancy and late payments and potential downsides that renting multi families comes with.Now I know many people will say well the Dallas Market is a very strong market and there's a lot of appreciation, and fairly growth in a multitude of sectors .
3 October 2019 | 0 replies
Foreclosure process has not yet begunSo what I am working through are the following options (please chime in with additional ones if you have them :) )- Whole sale it to an investor (we do a lot of business with) who we will then have us list the property once he repairs and we will receive a reduced commission on the sale of property on top of the healthy spread on acquisition(no money in but will be a smaller slice of the pie of course)- Take over 1st mortgage, pay off second lien position 25k (ARM), buy owner out and help them move out and find a rental (would try to keep them there just cannot pay more than 2k per month so cash flow 147/m).
5 October 2019 | 6 replies
Yes, Angelica, there is definitely seems to be a good spread.
25 November 2019 | 6 replies
Our group currently has 446 units spread across 3 properties in the Greenville, SC market and will continue to purchase more as Greenville is such an amazing market.
4 October 2019 | 0 replies
The worst thing about this house was that it had a horrible smell coming from the dog sh*t and urine spread all over the basement floor and on some of the walls.
6 October 2019 | 6 replies
Things are only going to get worse and you can get better spreads in other markets, especially in the Southeast.
6 October 2019 | 5 replies
Whether it is because of the spread, the location, your capacity, the rehab, etc- LET THE WHOLESALER KNOW.
9 October 2019 | 17 replies
You might even start to spread out into reits or index funds or Bitcoin.
5 December 2019 | 3 replies
Those winds cause a ton of spread.
9 October 2019 | 1 reply
How spread out is the portfolio of properties that they currently manage?