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Welcome to this issue of the Dallas Income Properties Newsletter. This newsletter is a complimentary service of Dallas Income Properties, LLC, We are brokers who are specialists in multifamily sales and have been active in multifamily sales since 1979.
Joseph Lumbley, Broker
TREC Broker's License #9002973
Bishop Arts District Office
819 N. Bishop Avenue
Dallas, Texas, 75208
214-405-3417 (cell)
214-941-3417 (office)
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Dallas Income Properties Professional Investor Group
Off to a great start!
We've heard it from just about every buyer we've talked to. "There's nothing out there to buy! Everything's either junk or overpriced. The sellers are telling us the same thing, just in another key. "None of the buyers are serious. These folks just got out of some TV seminar. They try to BS us into thinking they're Donald Trump. They waste our time and can't get financing. What's a buyer/seller to do?"
We at Dallas Income Properties have come up with a solution. This solution gives professional investors access to heretofore unseen off-market deals and it gives sellers the opportunity to make under-the-radar private deals with proven, professional buyers, all while saving time, hassle, and fees. One of our first Group members is now working on 9 separate properties, none of which has been exposed to the public.
CLICK HERE to download a 2-page white paper explaining the program. |
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 Two Texarkana area duplexes
 | | Texarkana Duplex |
 | | Redwater Duplex |
These two duplexes are located in the Texarkana area, about 15 miles apart. They are relatively new constructon and are in very good condition. Each duplex has 3BR-2Ba units with over 1200 square feet per unit. One has attached garages.
To be sold as a package, these two properties have CAP rates of over 8% and solid cash flows of better than 10% apiece. Debt service ratios on each deal are in the 150% range, so your lender will love it.
These are ideal properties for a local investor who can manage them themselves. Call Monte Self for further information at 214-707-3223.
Click here for property information packages:
Red Water duplex $145,800
Texarkana duplex $163,500
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16 Units East Dallas
Sold by Joe Lumbley
This 16 unit property was acquired by one of our Preferred Investment Group clients last month. Located near the Dallas Theological Seminary, this property was never listed, never on LoopNet, and never on MLS. The seller preferred a low-key, under-the-radar sale. The buyer was a local professional investor/rehabber who has bought and rehabbed multiple properties in the last two years in East Dallas and Oak Lawn.
Our Preferred Investment Group buyers are all professional investors who have done multiple deals in the area. They are serious, proven buyers who do this for a living.
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16 more Units East Dallas
Listed and sold
by Joe Lumbley
This East Dallas property was under contract within one week of our initial email blast. It never even hit LoopNet. The sale before one was a 32-unit in Irving that went under contract within two weeks of our email blast. The market's getting hotter, and buyers need to act quickly in order to get in on the action.
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UNDER CONTRACT
 | | Monte Self 214-707-3223 |
32 Unit Apartment
PLUS 122 unit Mini-Storage Winnsboro, Texas
Country Lane Apartments & Country Lane Mini-Storage are in Winnsboro, Texas. These properties are located in Wood County approximately 40 miles North of Tyler, Tx between IH30 and IH 20.
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