Real Estate Appreciation

     I've been told since college that real estate has the unique quality above all other assets of holding value.  It's tough to lose money owning land and it's tough to lose equity in a long term hold strategy.  I was told that certain areas of my home town, San Antonio, appreciate at a rate of 10% a year.  I'd like to address this misguided belief in increasing values.
     If you believe that your home will go up in value 10% every year for the foreseeable future, what you're effectively saying is that the house you bought for $100,000 today will be worth $1,750,000 by the time you pay off your 30 year note.  I remember the house my parents bought, and the one their parents bought.  Maybe Texas is a little different than the coastal markets but I can't see that be an accurate expectation.
     A 10% increase in value of real property is what most economists would constitute as an adjustment.  It's not appreciation, it's just that the guy who appraised the area the first time got it wrong and the demand was a lot higher than expected.  It doesn't mean that demand will rise at a constant rate, or that supply will continue to be in a shortage.  If that's the case you're looking at real estate in the eyes of the last bubble that happened thinking of all the great things that followed.
     Realistically, the value of real estate can only increase under a certain set of circumstances.  Demand increases - what does that mean?  Do you live inside of downtown Dallas in a single family home?  Are there 50 story buildings going up on both sides of you?  If so, your property value probably went up.  Is there no available vacant lots around you and people are swarming to this part of the city by the horde and are you located close to downtown?  If not, it's probably just an adjustment.
    Banking your investment on appreciation is a mistake.  A Good benchmark for any investor should be the rate of inflation.  If you're property is appreciating faster than the rate of inflation, you're in a bubble or there's a market adjustment happening.
    Word to the wise - Sell when you see these trends.  Buy when you see them in reverse.  Here's a fun fact about finance:  The value of gold to bread hasn't gone up significantly since the beginning of recorded history until innovations such as the industrial revolution.  When the price of gold goes up, it's not really gold getting more valuable so much as the dollar getting less valuable.  Be weary of hefty appreciation models.

Northeast Investment Property

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MEMORIAL DAY WEEKEND SPECIAL! Beautiful corner lot with curb appeal you have to see to believe! Make this 3 bed, 2 bath, 2 car garage your next great investment. With no foundation problems, a brand new roof, and an HVAC blowing snowflakes, you can not go wrong on this easy cosmetic rehab! Call your New West agent today before this one is gone! Call Steven at 210-854-8700

Preparing Your Credit for a Future of Investing in Real Estate

This will be a 7 part blog post that highlights important aspects that residential real estate investors need to know to plan for growth.  Please subscribe to stay updated on each portion as they are released.   Click the link(s) below to find out more about each topic.

DTI

Credit

History of investing

Taxes and Tax Deductions

Management
Cash reserves

Fannie Mae Guidelines and portfolio loans

Why Is Having Good Credit Important?

Being on the wrong end of a credit score can interrupt your investment future and ultimately stop you from seeing your full potential as an investor.  Neglecting indiscretions of the past can disrupt your ability to receive loans and potentially take years to amend.  Waiving a bad credit rating can suggest that you are a risk to investors/lenders.  This risk can not only affect your ability to secure the type of funding you require but make borrowing funds considerably more expensive. 

Developing and Keeping Good Credit

When applying for credit a lender is going to look at a number of things, including your DTI.  They will take a strong look at your 3 digit credit score.  This score is determined by;

•  Past defaults and accounts currently in collections
•  Average age of your existing credit accounts.  
•  Percentage of on time payments
•  Number of accounts on your credit history
•  Revolving credit utilization.
•  Number of recent credit inquiries. 

Here are some tips on each one of these items that will help you make dramatic changes in your credit score. 

Past defaults and accounts currently in collections

If you have an account in collections, know that it will stay on your account history for 7 YEARS AFTER THE LAST ACTION IS TAKEN.   That wording is very important.  If you call up the creditor and pay the $125 old cell phone bill that you may or may not have racked up in college, it will show on your report for 7 years that you HAD an account in collections.  The proper way to take care of an account that is in collections to endure that it doesn't negatively affect your score is to call the creditor and let them know that you don’t recall the cell phone bill and request that they guarantee to you IN WRITING that if you pay this debt that may or may not be yours, they will remove all record of it completely from your credit report.  Only then, should you pay the debt. 

Average age of your existing accounts

This one is easy!   If you have a parent, spouse, or an aunt that is really good with credit you’re home free.  Ask a trusted individual to add you to one of their credit cards that they have had for 10+ years with no balance and perfect payment history.  That’s it!  That’s all you have to do.  Let them know that you don’t want to use the card, you just need to be added to the account, not as a signee but to the actual account.  This will mean giving up your social security number to the credit card company.  Let your trusted family member know that you don’t need to have a copy of the card, you can make your mailing address theirs or take whatever precautions that you need to in order to help them feel warm and fuzzy.  This will increase your average age of credit over all of your accounts and make your score shoot up. 

This will also help you with the following category. 

Percentage of on time payments

If your aunt or spouse had had that particular card for 10+ years and have perfect payment history on it, and let’s say that you have one or two 30 day late payments on your report, this could potentially push you into a different bracket of “percentage of on time payments” and raise your score. Whatever you do, avoid paying anything late.  Most credit agencies don't report a late payment until it is 30 or more days late.  However, don't hide from creditors.  If you know that you are going to be late on a payment, call them early as possible and let them know.  They might be able to work with you.   

Number of accounts on your credit history

A common misconception is that it's a bad thing to have a lot of cards so people tend to close cards that they don't use.  Before you close an account, find out how long you've had it.  If it's a card that you don't use because it charges 18% interest, pay it down to almost nothing and hold on to it so it will raise your average.  If you've owned the card for over 8 years, it's probably raising your average age so closing it would only hurt your score.   The more accounts you have had the better…but you have to balance that with the average age of your accounts.   Not much you can do about this one but luckily, this category doesn't weigh as heavy on your score as other categories.  This is a perfect reason why you shouldn't apply for every credit card that shows up in your mailbox.  This is also the reason that you should stay away from department store credit cards.  More chances than none, the extra 10% you save on the day you purchase that new $120 outfit will be outweighed on the extra percentage point that you are going to have to pay every month on your $120,000 investment property mortgage. 

Revolving credit utilization

Another easy one…figure out what your credit limit is on every credit card you own.   Keep the balance on that card between 1% and 25% of the total limit at all times.   Do balance transfers or whatever you have to do to make this happen.  This is the piece of the puzzle that I've found that most people are missing.  This can make a HUGE difference in your score.  Sometimes 50 points or more.  You never want to have it over 50% and it’s not helping you to have it at 0%.  You want to show creditors that you know how to use credit responsibly.  If you don't have enough money to pay your cards off or enough available credit to do a balance transfer and keep the balance of each card under 25%, then as a last resort, you can ask for an increase on your limit.  Most banks will do a hard inquiry on your report when doing this so only use this as a last resort.  

Number of recent credit inquiries 

You've probably heard the saying “Banks only want to people who don’t need the money.”  This is a very true statement.  If you apply for every credit card that comes in the mail, and apply for a car loan and mortgage and decide to finance that new bed with 0% interest for the "special one day only President’s Day sale", banks are going to look at that as a red flag.   For this category you have to know the difference between a soft and a hard inquiry on your credit report.  A soft inquiry happens when you check your own credit on apps or websites such as Credit Karma, myFICO or LexingtonLaw firm.  Those types of inquiries DO NOT NEGATIVELY affect your credit score.  However, anytime that you are applying for any type of loan, including credit cards, you are doing what’s called a hard inquiry.  A hard inquiry will negatively affect your credit, especially if you apply and do not get the loan/credit card because you get denied or just decide not to.  A hard inquiry will stay on your credit report for 2 years from the day that your credit is pulled by the potential creditor.  There is a way to get these taken off of your report.  Lexington Law Firm has pre-written letters that you can send out to creditors and credit boroughs that demand that they take those inquiries off of your report unless the creditor can prove it was you who made that inquiry.  Most creditors would rather take it off than spend time and resources with an investigation.

If you read nothing else, read this…

Bottom line, know your limit.  Just because you get approved for a certain amount, doesn’t mean that you have to use it all.  There are other factors to consider before applying and accepting a loan that can have a huge impact on your investing future.  Make sure EACH of your credit cards are at least 75% paid off at all times.  And utilize apps and websites like myFICO, Credit Karma and LexingtonLaw Firm and Mint.  They are more of a reference and a monitoring tool than a magical fix all elixir, but if you are proactive with any repair that needs to be done, these websites are great tools that I have used myself and highly recommend. 

Hopefully all of this information helped you understand what you need to do to get your credit score a little higher than it already is. If you have any questions, please leave them in the comments section below or email me at JD.Castillo@NewWestern.com or you can always call me at 214-650-5493.  If you need Investment property or a loan on your next investment deal, we have some of the lowest rates in the nation and I would love to work with you. 

San Antonio: Forgotten Land of Real Estate

     It never ceases to amaze me how often San Antonio is over looked by real estate investors on a national and state level.  Institutional funds and TV shows tend to focus on markets such as Phoenix, Las Vegas, Las Angeles, Dallas, and Houston but what about good ol' San Anton? Let's take a look at some surprising real estate factoids:

• According to some sources the greater San Antonio area has more than two million residents
• San Antonio is the seventh largest city in the country
• There were only 52 recorded sales of houses over one million dollars
• Texas has 4 of the bottom 10 lowest credit scores per city
• San Antonio currently has seven homevestors franchises.  Dallas/Ft. Worth has over fifty
• For "flippers" San Antonio consistently shows 6-10% more equity in properties than similar properties in Dallas and Houston
• San Antonio 
• According to dozens of articles San Antonio consistently ranks as one of the fastest growing markets.
• San Antonio also continuously shows some of the highest rental rates per purchase price of property (Cap rates)
• Texas is widely viewed as the easiest state in America to foreclose on a home (average time of 45 days)
• The city is also widely viewed as one of the most stable markets nation wide
• The average sale price for all houses in San Antonio in 2014 was $209,534 whereas the median was closer to $165,000.  
• Average rental rates for Greater San Antonio were around $1,195 (Zillow)
• The actual sale price of all houses was 82% of the original listed price in 2014
• Average DOM for the entire city was 84 with the median around 70.
• San Antonio also ranks as one of the third most financially irresponsible cities

I'm always curious why the city doesn't get more attention and seems to fly under the radar of the big national markets.  I always here that "San Antonio has always been 20 years behind Dallas and Houston in regards to real estate development." Given that we know how those markets have turned out I encourage every investor to take another look at the home of the Alamo.

http://www.bankrate.com/finance/credit-cards/10-cities-with-the-lowest-credit-scores-2.aspx

http://www.zillow.com/san-antonio-tx/home-values/

http://tpr.org/webclip/san-antonio-makes-top-three-most-financially-irresponsible-us-cities

Must Sell Quick! Motivated and need an offer!

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Clean NW Area home with tons of upside. This property only needs very minor items on the rehab to get into top shape. The days on market are all very low with all comps inthe info packet under 2 months on market for sold comps! Rents are strong as well if an investor is looking for their next fix and hold investment. Don't forget to ask about how you can purchase this property for as little as $22k down by financing with Sherman Bridge Lending! Call today to schedule your showing of this great investment opportunity.

Price - $83,000
Repairs - $8,000
ARV $120,000



Contact Ryan Harthan at 210-710-1617 for more information.  Lic #614596

Woodlake Investment Property

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Woodlake Neighborhood located in the NE area of SA. This property a ton of potential and after ~$20k is put into the property, this could be the gem of the neighborhood. Brick on 3 sides of house and a bonus enclosed patio in the back as well. Very low days on market in this area: 29, 16,34, and 21 days on market for the comps in this info packet!!! Put a little elbow grease into this one and watch it fly off the market! Rents are strong as well between $1,200-1,300/month. Call today to schedule your showing!  


Price - $82,900
Repairs - $20,000
ARV - $140,000



Contact Ryan Harthan at 210-710-1617 for more information.

Testimonial 10/15/14

“It’s been great working with Dustin O’Neill. I’ve bought 2 properties so far and they've been great deals. Really good service and follow up. He always remembers when a property becomes available in the part of town I like. We’ll continue doing business. I would recommend anybody to do business with Dustin at New Western, really professional and straightforward.”

Shavano Park Mansion Flip

Shavano Park Mansion Flip

What a find!  A 16,000 sqft Mansion on 6.17 Acres in Shavano Park.  With an upstairs that still needs to be finished out this house would be the ideal flip for an investor looking to hit it big.  The completed downstairs has an over sized master bed and bath, three car garage, and three bedrooms down stairs.  The unfinished upstairs has an exceptionally large game room, movie theater, and room to build out an additional seven bedrooms and five bathrooms.  Call Ryan Harthan for pricing, access, and more information at 210-710-1617

http://s1228.photobucket.com/user/njkzero/library/Shavano

NOW LENDING NATIONALLY!

Do you have a 700 Credit Score?   If so, you could be qualified for Reliable Hard Money Financing for your next investment property!

Does your Hard Money lender determine the ARV of your investment houses before lending?  If so, you could be leaving money on the table.  We have our values determined by a 3rd party Subject-to appraisal!

That protects YOU, the Investor.  

Click this link for a pre-approval form.  You can be approved by the end of business today.  

*****We cannot lend in CA or NV at this point. Investor must show proof of 2 flips completed for full approval. 

Testimonial 8/14/14

“We definitely have enjoyed working with Carlos Garcia at New Western Acquisitions.  He has provided us with good listings and we have had many referrals for workers to repair the property.  These have proved to be reliable and with good rates.  The property we purchased sold within two months with a sizeable profit.  We would for certain buy from him again.  We have been very happy with this service.”

Sales Associate:  Carlos Garcia

HARD MONEY with 0 POINTS and 11.99% !

To Apply, fill out application at this link and send to 

JD.Castillo@NewWestern.com

JD Castillo
214-650-5493

The Art of Successful Business

Concepts that Apply to Every Business

Buy Low - Sell High

That's it.  No seriously, that's it.  It doesn't matter whether you run a grocery store and have to buy produce, an auto shop, if you buy gold or other metals, stocks, boats, TV's... It's all the same.  I chose real estate. It was the logical choice for me because it's the thing I knew the most about growing up.  I also gravitate towards real estate because everything in business is based upon mark ups. And as real estate is one of the highest priced "products" available, the mark ups and therefore pay offs, would be the greatest.  I like to work smarter, not harder.  Fewer transactions for higher commissions.

And that's really all I have to say about making a boat load of money in whatever business you choose to apply this elementary concept.  But there are a few other pointers that will make the bigger picture easier to attain.

Negotiating 

It is my hypothesis that when two equally skilled negotiators enter into a transaction with an equal desire or necessity to buy or sell, the final agreed upon sales price will be equal to a third of the difference between the asking price and the original offer, plus the amount of the original offer.  For instance: A house is listed for $100,000. A buyer offers $50,000 and there are no other offers. The seller must sell, and the buyer must purchase.  The agreed upon price should be around $67,000.  An agreed upon price in either direction would show a fault in one party's side to negotiate.  This may be the result of a simple lack of skill in making a deal work, a more pressing desire to sell than to buy, multiple buyers pursuing the same product, or any number of other reasons.

The Buyer has the Power

The emasculated way of saying this in pop culture is that, "the customer is always right".  This doesn't explain the reason though.  The buyer has the power in business transactions because he has the sole capability of completing the transaction by providing payment.  Multiple sellers are often in a given market offering substitute products. A buyer might compromise some qualitative aspects if he feels the negotiation is not going well.  Buyers do (generally) not have to advertise.  They have no overhead, no employees, and no carrying costs whereas sellers generally incur all of these expenses.  It takes time to find a buyer, not a seller, and time is money.

Reducing Competition for the Buy

I am in no way advocating the creation of a monopoly.  But from a mathematical and economical standpoint, the lower the competition is, the better chance you have to increase your profits.  If I'm the only person bidding on a house, the price will not get driven up!  True auctions hold the ideal way for sellers to maximize their proceeds from a sale and allow for pure capitalism to "do it's thing". If you're trying to get a better price, look at the products others aren't.  Another easy way to reduce competition is to be the first to offer.  It doesn't always work, but it works a surprising amount of the time.  Highly motivated sellers will often jump at the first offer they see, without taking into consideration that higher offers may soon be forthcoming.

Reduce Competitors

I am in no way advocating the creation of a monopoly.  Using free market capitalism can actually set you up to reduce competition.  By initially lowering your mark up, fee, commission, or charge for your product, you can slowly start to drive your competitors out of business by offering your products at lower prices. Once you have established your business or your competitors have left the market place, you can then raise your rates and take advantage of an increased market share.

Reputation - More Important that Profit

The most important concept in preserving a good reputation is to do what you say you're going to do, and to not do what you say you won't do.  I've had dozens of clients and partners get mad at me for an entire array of reasons, but the only time I've gotten myself into trouble was when I broke this fundamental rule.  You can always retort to an accusation if you stuck to your word and were honest about your intentions.
Ever speaking ill of anyone can only hurt you.  Do I love my direct competitors? Of course not.  Would I ever say anything detrimental about them to anyone?  No.  Speaking ill of anyone in your profession will only make you look buffoonish and will make that person reluctant to do business with you.  Additionally, there is an exceedingly high probability that the person will tell not only the party you spoke negatively about, but will inform others of your unprofessional behavior.

Cut out the Middle Man

This is principle number one of every drug movie you've ever seen.  Every link in the chain between the supplier and you is a tax, a mark up.  It's the way they make their money.  Getting to the source is always going to provide you with the cheapest price of a given product without the interference of middle men. Real estate agents are often regarded as consumer advocates by the public, ensuring that actual buyers are not able to directly negotiate with actual sellers in an effort to prevent exploitation of the seller.  This is a good thing for society, but in certain instances well educated buyers and well educated sellers do conduct business between themselves directly and independently - which is not advisable.  Often times attorneys come into play on larger dollar amounts. They advise on unconventional transactions that require rigorous attention to the law to protect both parties involved, not only from exploitation but legal and tax ramifications as well.

Networking and Increasing Buyers

Every networking opportunity is a chance to build your network.  And every person in that network is potentially an opportunity to do business down the line.  Listening to Dale Carnegie's How to Win Friends and Influence People will teach you that people are inherently more interested in talking about themselves than listening to how accomplished and awesome you are.  Allow him to tell you about himself, take notes, keep those notes, and when an opportunity comes up down the line that your acquaintance can provide assistance with, reach out to him.
People in your network do not want to be constantly solicited business.  It is beneficial to make it known to your peers what it is that you do and how you can be an asset to them. But constant solicitation of business is annoying to everyone and will only cause people to leave your network.  This is especially true in the new era of social media, where anyone has the capability of becoming a pest to their friends and peers by constantly trying to either buy or sell something.

Keep Your Buyers and Sellers Separated

Would you like to know the fastest way to go out of business?  Introduce who you buy your products from to your biggest repeat buyers.  Your clients, as loyal as they may be, will ten out of ten times cut you out of the picture if they can figure out your acquisition source.  Don't let your clients know what you paid for your goods, don't tell them where they came from, and don't tell them how you found them.  You won't be on top long if you begin to breed and cultivate your own competition.  Limiting access to information is key to long term success.  

Never Offer List

It doesn't matter what price the seller is asking for, I'm not offering that much.  It doesn't matter if it's the best deal in the world, I'm going to ask for a lower price.  Have you ever seen the show Pawn Stars?  How many times has Rick Harrison said right out of the gate, "Done.  $300? Here's the cash." Never.  He always asks them if they'll accept at least a little bit less.  If you don't ask for a discount, you won't get a discount.  This is a good rule of thumb but not necessarily a commandment.  If there is competition, you will likely have to be as competitive as possible.  But in the absence of other buyers you should always offer less than the asking price.

Don't Reinvent the Wheel

There are very rarely revolutionary ideas or concepts that change the way business is done in your field.  I've seen many people spend extraordinary amounts of time thinking of ways to reinvent the foundations of how investing in real estate is done, all of which have been short lived.  You should instead dedicate your time to tweaking existing models to improve them, by making them more efficient.  

Failure More Valuable Than Success

I can go online right now and find fifty seminars on how to become a millionaire by buying real estate.  That's great, but if I could find a book titled 1,001 Ways to Lose Money in Real Estate, I'd read that first.  I'm not advocating to learn from fire by sticking your hand in.  This is the perfect example of when to reach out to your network and find out what other people did that didn't work. "Hey, Ryan, you remember that time I lost thirty grand on that deal in Alamo Heights? Yeah, I'm never doing that again."  This is an easy and pain free way to learn at someone else's expense.

Testimonial 7/28/14

New Western Testimonial 

“I have worked consistently with JD Flores over the past couple of years.  JD has always been professional and honorable in all of his business dealings.  The two key qualities that jump to mind when I think of JD are his unwavering persistence and his positive attitude.  No matter how many times things don’t result in a successful sale, JD continues to have a great attitude and continues to contact me each time he believes there might be an opportunity for me.

JD is a rare individual.  He has a unique ability to face a challenge and is truly unflappable.  Rarely have I met someone that keeps such a cool head in a very competitive sales environment.  Also, honesty and integrity have always been apparent in all of his business dealings.  I sincerely appreciate the opportunity to work with JD on a regular basis.  He is a true professional and will continue to bring tremendous value to all of those he works with.”

Sales Associate: JD Flores

27 Unit Apartment Complex. TRUE 17 Cap with Management in place!

Price:

$660,000

After Repaired Value:

$15,000 / month rent

Repairs:

$40,000

Specs: 

15675 SqFt 

Bedrooms: 33

Baths: 27

Garage: 0

Year Built 1962

Comments

Off Market apartment complex is Wichita Falls, Tx. Currently this complex has 24 units occupied and 3 vacant. It currently has a 17% cap rate with plenty of room to raise rents and get an above 20% rate.See the spread sheet inside and all docs for the past 2 years can validated and sent to you.It does need a little work which is allocated for.15k down. Heb homes. Closes 6/30.Rents are 14500/month.

For More Details, Call ME immediately.  Property is priced to sell!

J.D. Castillo

214-650-5493 Cell

EDEN/SEVEN OAKS INVESTMENT PROPERTY

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One of our more popular neighborhoods..Eden/Seven Oaks! Excellent North Central location with a nice and easy rehab! This clean 3/2.5 has a wonderful floorplan and is situated in the best part of the neighborhood. With great sold comps and rents easily $1450-$1500 you should have no problem with any exit strategy. Call your New West agent immediately!

SHAVANO PARK INVESTMENT PROPERTY

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A massive flip opportunity in Shavano Park! With 6498 sqft, five beds, six bathrooms, a 1.4 acre lot, and in one of the best locations in town this is sure to make an ambitious investor a lot of money. With a one hundred thousand dollar budget for a cosmetic rehab this will surely be one of the stars in the neighborhood once complete. Call your New West agent to day to schedule your showing and ask how to utilize Sherman Bridge to maximize your ROI!

Hard Money Application

Simply fill out the following hard money application and return to wholesaletexasproperty@gmail.com to get preapproved for a loan!

Where to Flip in 2014-2015

Emerging San Antonio Real Estate Markets

Whenever a client of mine asks what a house could potentially be worth I tend to respond in a similar way, "whatever a buyer will pay for it...".  Isn't that a simple and true answer?  We real estate agents use comparable sales to make the best educated guess we can about the value of a house but there's certain areas that don't lend themselves well to comping out.  Some areas are just starting to see investors enter into the neighborhood and rehab houses.  Those brave cowboys of real estate usually don't have a very good idea of what a buyer will pay for their finished product but after they do sell begin to establish an MLS track record.  A wise man once told me, "The early bird gets the worm, but the second mouse gets the cheese."

Three years ago if you were willing to buy in Alta Vista or Tobin Hill you were taking a chance.  These days you can't find a property that makes sense in these neighborhoods because regular sellers are comparing their homes to fresh rehabs.  Where you use to be able to buy for $30-40/ft and sell for $100-130/ft you're now facing a tougher market on the buy side.  Unfortunately for you the cat is out of the bag for these neighborhoods.  But I don't bring only bad news, I'm here to inform you of where the next two Boom Flip Neighborhoods are going to be in San Antonio.

Dignowity Hill

As soon as you say "East Central San Antonio" investors run.  Where I bought a 3,000 sqft for $9,000.00 one day and couldn't give it away the city of San Antonio has begun creating some incentives to improve this centrally located area.  Let's be completely real though, the closer you are to Dignowity Park the higher the property value.  12 months ago I wouldn't have touched the area because there was no indication that investors were being successful in selling their completed projects.

But recently there has been a change in the winds.  Where investors are buying as low as the $40/ft price range it seems as though they are selling as high as $130/ft!  While comps are still few and far between this is huge news for investors looking to earn higher than the average return.  While the typical equity spread in San Antonio is somewhere between 25-30%, equity capture here can be as high as 50%.  This is because so few investors are aware of the city incentives to redevelop this area and because of their own personal reluctance to buy on this side of town.  Folks... Not buying on a certain area town because you have a personal issue with it makes you a real estate hobbyist not an investor.  

Government Hill

When I think about this area it kind of blows my mind that it's actually taken up until this point for this area to get hot.  Literally caddy-corner to the downtown central business district you can't really ask for a more central location.  Did I mention it backs up to Fort Sam Houston, one of the largest and most historic army bases in Texas?  The rents here are through the roof and it even has it's own business district off Grayson and New Braunfels.  Now it is important to pay attention to what has been designated as "historic" over here as it does have a profound effect on value.  

Values?  Somewhere between $155-170/ft!  For being regarded as one of the city's roughest areas it's certainly weeding out the riff raff via price point.  With a solid figure being somewhere around $135/ft and purchase prices in the mid 40's/ft it doesn't take a genius to add the figures up to equal higher profit margins.  

I'm not saying you should be the first person to try and flip a house in these areas, I'm saying you're already behind the rest of us.  If you're not looking here you're doing more work for less profit.  Get with a professional and get richer quicker.

Tarrant County Property

New Western Acquisitions Fort Worth made a big difference in the Tarrant county market last year! Investing in real estate does so much good not only for investors, but the areas, neighborhoods and communities in which they invest. Each marker on this picture is an opportunity that we sold to an investor. If you would like to invest in the Tarrant county real estate, please give me a call. 
JD Castillo 214-650-5493 

(I only get paid if you buy a property from me)

South Arlington 1985 Build! (Quick Closing)

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Clean 3/2/2 in Arlington that will be a great flip or rental. Rental rates are 1250-1350. Property will need some updating and typical foundation leveling. The most accurate comp for a decent rehab is 111 iberis and sold for 127.8k. This one is closing fast so those looking to get a rehab project asap will do well buying this one! 

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