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 […]

After three weeks scouring the Keller area and making “low-ish” offers, i’ve determined that we haven’t hit bottom yet.  Utilizing our Advanced County Appraisal 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.  They […]

After several weeks of rejected low-ball offers on bank-owned (foreclosed) and new builds I was beginning to grow concerned that banks and builders may not be as motivated to sell as I had hoped.
All that changed Saturday night when I was searching through MLS.  I’ve run the same searches looking for newer homes in Keller […]

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 - […]

The first step towards my goal for of purchasing 5 cashflow properties in 2008 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’s Leap Day, 2008 and I am offically buying (and blogging) again.  I pulled my head out of the sand this week while listening to the real estate guys radio show podcast on “it’s a buyers market”.  While listening, I recalled a book i read over a year ago, “Timing the Real Estate Market” so I dusted […]

In May of 2006 I located a neighborhood that was ripe for rehabs:

It consisted of 50’s-60’s homes, most of which need work.
It was one of the least expensive areas of a higher-than-average-priced city.
It was experiencing a revitalization.
The neighborhood had recently appreciated so owners had equity - assuming they didn’t refinance it out (some did).
My personal […]

If you are a property investor in the DFW area then grab a soda and some chips as I’d like to share this great story.
From May to August of 2006, I was focusing on an up-trending neighborhood in Grapevine. Several times I noticed a vacant house at 1338 Airline with major foundation problems and brick […]

My goal for this blog is to share my experiences with other investors to improve their chances for successful real estate investments. Here are a few things you can expect form this blog:
1. I’ll tell you each everything I learn from each investment - good, bad or downright nasty.
2. I’ll tell you my profit or […]