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Investment Properties in Dallas : Real Estate Advice

  • All2K
  • Local Info175
  • Home Buying878
  • Home Selling96
  • Market Conditions50

Activity 58
Wed Aug 16, 2017
Pjstoo answered:
How small is small? We're a small group looking for a "startup" place to meet - if you might be interested in renting for 2 hours a week.
pjstoo@aol.com
0 votes 2 answers Share Flag
Tue Jul 4, 2017
Bruce Lynn answered:
Happy to help you with investment properties.
There are very few REOs any more, but there are some.
Prices have just gone up so much here the past 2-3-4 years we don't see the foreclosures like we used to.
Feel free to call, text, email me any time and let's see what we can do to assist you.
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0 votes 3 answers Share Flag
Tue Jul 4, 2017
Bruce Lynn answered:
They can be the same, but often two different functions.
We offer you a couple of different options.
We can be your buyers agent.
After you buy we can rent it for you and let you self manage.
Or we can help you turn it over to a property manager.
Happy to help you either way. We've seen both strategies work for our investor clients.
... more
0 votes 2 answers Share Flag
Tue Jul 4, 2017
Bruce Lynn answered:
Tue Jul 4, 2017
Bruce Lynn answered:
Mark,
It's been a year since you posted this, but just wanted to check in with you.
Do you still need any assistance in the Dallas area?
0 votes 3 answers Share Flag
Tue Jul 4, 2017
Bruce Lynn answered:
Happy to help you if you are still looking.
Call or text or email me any time.
0 votes 1 answer Share Flag
Tue Jul 4, 2017
Bruce Lynn answered:
Every investor is different with different strategies.
Let's talk about what your goals are and what has worked for you in the past.
0 votes 2 answers Share Flag
Tue Jul 4, 2017
Bruce Lynn answered:
Don't use quit claim deeds. They can cause you trouble later down the road. Go to the title company where you closed the transaction the first time and have them help you right a new deed and get it filed. This can be way less costly than messing things up with quit claims. ... more
0 votes 1 answer Share Flag
Tue Jun 20, 2017
Christie.inge answered:
HI,I am a loan officer with Sherman Bridge. We specialize in flips with rehab and with out. We have 12 month no prepayment penalty loans as well as a 30 year mortgage (rate and term as well as cash out.) I know your posted question is old. if you are interested in more info email me at christie.inge@shermanbridge.com We'd love to help if we can. ... more
0 votes 10 answers Share Flag
Thu Apr 13, 2017
Susie Kay answered:
It depends on where you'd like to purchase the property. You can still find homes for $100k in in some areas in Fort Worth but it will be limited. Also do not expect the homes to be rented right away, as you'd need to fix it up. You will also be competing with many other cash investors so you may have to offer more. ... more
0 votes 1 answer Share Flag
Wed Dec 28, 2016
Amrita asked:
Tue Dec 6, 2016
LystHouse answered:
While Spring is the more popular season for home buyers, Smart Home Buyers that purchase in the Fall and Winter benefit tremendously. Consider these expert insights:

Less Competition

Housing competition slows down in Autumn. Fall is considered to be the “slow season” in real estate. For home buyers this means a replenished inventory of new homes and a repositioning of homes that did not sell in Spring or Summer. This gives you great bargaining power. Consider lowballing on the home price and be prepared to negotiate aggressively. Also, considering that the Holidays are coming up, home sellers are typically more motivated to sell. If you close before the end of the year, it's more beneficial for your taxes because you get a homestead exemption which equates anywhere between 15-20 percent.

Sellers are tired

Overconfident Sellers that listed their home for sale during Spring or Summer may have been unrealistic in setting their Home Price. After their home has been on the market for months and still not sold, sellers are often ready to make a deal and concede to a lower price. And because there are even less buyers shopping for Homes during the Fall, sellers are typically more inclined to accept a lower offer than to wait until Spring or Summer.

Serious Sellers

Sellers in the Fall and Winter are more serious. Whatever reason they have for moving, maybe their new home construction is ready, or they are relocating for a new job, Fall and Winter home sellers are serious about selling and therefore more open to negotiating on their home price.

Tax Breaks

First time homebuyers should pay attention to this one. Property taxes, mortgage interest, and any payments made prior to the closing of your home loan are all tax deductible on your income taxes for that year, even if you close on December 31st. This can make a serious dent in the taxes you owe to the government at the end of the year.

Fall is Safer

Despite what Home Alone would have you believe, Burglars have a prime season also. Autumn and Winter typically see a slow-down in Home Burglaries. This gives homebuyers a chance to get settled in, get to know your neighborhood, and get the Alarm system you want installed and configured.

Superior Service

At LystHouse, superior service just comes standard no matter what season. But, because fall and Winter both have less buyer competition, at LystHouse, you get to be the center of attention. LystHouse Licensed Real Estate Agents are standing by 24/7 to assist you by Phone (855) 866-8339, email hello@lysthouse.com, or in person. This is also true for other service providers like our partner mortgage lenders, title companies, movers, and inspectors and a LystHouse agent can help introduce you or schedule an appointment with any of our partner service providers.

End of Year Sales

When it comes to making your new house a home, home buyers can take advantage of Holiday Sales deals that are abundant this time of the year. For example, Lawnmowers are typically on sale in November and December. You can use this time of year to coordinate buying new appliances, doing home improvement, and outfitting your house with furniture.

Take the leap and fall into a new home this Winter. If you’re ready to get started on your home hunt, start searching at http://www.LystHouse.com with the fastest propery map search in the world (properties updated every 5 minutes).
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0 votes 2 answers Share Flag
Thu Nov 24, 2016
Kathy Burgreen answered:
Considering Trump's pick for HUD, Section 8 will disappear because Trump is against it.

Too bad you voted for him. Shows you were an idiot. Hope you suffer.
0 votes 1 answer Share Flag
Fri Sep 30, 2016
Nerfe Roque answered:
One of the biggest decisions you'll make as a landlord is whether you should hire a property management company. Many landlords manage properties on their own or with the help of an employee, such as a resident manager. But sometimes landlords need more help, and that's when a property management company might make sense.

Both of the two companies are good and both useful. Nowadays, most of the tenants/landlords are using apps and tools that is very useful, safe and efficient on their part.

I have notice that one of the best apps or tools in property management is Rentigo.com , it is easy to use and safe, pay anywhere and anytime, update bank balance in the next banking days and for your convenience.
... more
0 votes 3 answers Share Flag
Tue Sep 27, 2016
Susie Kay answered:
That's totally up to you. Your realtor may be able to give you advice, though.

Good luck!
0 votes 1 answer Share Flag
Wed Aug 24, 2016
Brandon answered:
I agree. You should pay attention to Mortgage Notes in different Zips and talk to a lot of landlords. You can protect yourself but strive to NEVER PAY RETAIL. you can always get value if you ask many questions, like this one, TALK TO LANDLORDS, Prop Mgmt Companies, i.e. serial property buyers.

Oh yeah, BiggerPockets has a great community. I have a regular (borderline guest) account and there is a wealth of info, with constant input (it's popular, lot of users)
... more
0 votes 1 answer Share Flag
Fri Jul 22, 2016
Susie Kay answered:
Tue Jun 14, 2016
Bruce Lynn answered:
Are you still looking for flips? Any luck in the past 3 years? Just going through some of the old questions here and wanted to check in with you.
0 votes 6 answers Share Flag
Tue May 3, 2016
LystHouse answered:
Hi Jared! We have a division of our brokerage that works with investors. If you are interested in buying, selling, or leasing investment properties, simply email us, chat with an agent on our website, or call us and we can schedule a time to discuss your specific needs. www.LystHouse.com 1-855-866-8339 ... more
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