Category Archives: Real Estate Investor

Why I’m Selling Real Estate

I am a contrarian investor.  When the masses start moving into real estate investing and private equity firms are purchasing 100,000’s homes then it is time for me to exit.  So, I recently sold one of my 3 rental properties. I purchased 4948 Thorn Hollow out of foreclosure for $120,900 in December of 2009 when few… Read More »

Update: A Good Rental on Diamond Trace

At the time of purchase, the credit market was just starting to tighten so I had the option of 10% or 20% down.  I wasn’t completely confident in the area rental market so I decided to put 20% down on this property.  If this property works out then I’d go with 10% on the next… Read More »

A Good Rental on Diamond Trace

I recently executed a contract on a property in my “buy and hold” target area or NE Fort Worth/Keller ISD area. The house is 1680 sqft, 3/2 built in late 2005 that requires no work other than some cleanup and landscaping. Tarrant county appraisal district values the property at $130,800 but I picked it up… Read More »

Where are the Motivated Sellers?

After three weeks scouring the Keller area and making “low-ish” offers, i’ve determined that we haven’t hit bottom yet. Utilizing an county appraisal data advanced search there are over 2,000 houses in Tarrant county owned by banks. However, they don’t seem too motivated to sell as most are offering these properties at a 5%-10% discount.… Read More »

$90k Offer on $144k New Keller House

While driving the streets in my target area I ran across a small home with a Beazer sign. I thought it was odd as the neighborhood has completed for quite some time. I called the number on the sign and left a message. When I returned to the house I looked it up in MLS… Read More »

2008 Cashflow Plan – First Steps

he first step towards my goal for of purchasing 5 cashflow properties is to determine my target property areas and types. I ran purchase and lease comps in several areas and decided to focus on newer properties (< 7 years old) in the NE Fort Worth/Keller area. These are close to my home and it… Read More »