Investors, now is the time to pick up properties and hold on to them. This is the perfect time for value investors. As some of the previous blogs mentioned this is the time to pick up properties. Although the general population is in panic mode and most of the country is seeing property values decline, most of Texas is holding steady and in a lot of areas there is still appreciation. What most investors and even people looking to find a good deal need to know is that the population here in the DFW metroplex is supposed to nearly double in the next 15 to 20 years. What does that mean for you… We are going to need a lot more housing than we have now. Some of the fastest growing counties in the country are right here in DFW’s backyard.
The prices in a lot of places have put home ownership out of reach for a lot of people. Texas including DFW is one of the few places where you can find a good job and afford a starter home. For investors this means this is one of the few areas in the country where you can get cash flow and still get decent appreciation on your property.
Because of all the mortgage companies tightening guidelines, owner financing and lease options are coming back. This is more of a reason for investors to pick up properties. I constantly get weekly calls on the few ads I have for owner financing. I have moved 3 of my personal properties this year using this type of financing. I’m currently looking to purchase more properties with my partners and sell them this way. I actively seek out these buyers and there is a surplus. I don’t have the time or resources to act on every good deal I come across but i can pass them on to other investors.
I will offer for any investor looking to purchase properties at discounts, even new builds using my services I will get your place rented or sold via owner financing for you. I will help you buy properties at a discount, cash flow and if you would like I can put you in contact with a management company to manage your investments. If you are interested in rehabs I have the contractors ready for you to do the work. You let me know and I’ll find it for you.
I actually have a cash flow deal available for an investor right now. The renter is a company that offers live in services for elderly people. They have a care taker that lives with the 4 or 5 patients with guaranteed rent of $1700 to $1800 for 2 to 4 years. Payments are made from Medicare and medicaid. They are in need of a house. I found 3 to 4 houses in the area they are looking, ranging from $135,000 to $150,000. Do the math… A $135,000 loan at 7.5% with taxes of $4300/yr you are looking at $400 to $500 per month cash flow. All I Need Is the Investor.
You can call me for your investment needs or even if you are looking to pick up a good deal. Eric Love 469-233-4618.