| 1. What is the average price range for typical Texas Cash Cow Investment property? |
| Single family home prices range from approximately $95,000 up to $150,000. |
| 2. What is the average Texas Cash Cow Investment property price? |
| The average price is $112,000. |
| 3. What is the kind of property that I can get for the average price of $112,000? |
| 1500 square feet. 3 bed, 2 bath. Lot, 70 ft. x 120 ft. |
| 4. Where are these properties located? |
| Our properties are located in middle class, owner occupied subdivisions with new construction still being completed. Most properties are only 15-20 minutes from downtown Dallas where jobs are. |
| 5. How old are these homes? At these affordable prices, are investors buying fixer uppers? |
| The average property was built in 2004, many later than this. All properties are brick construction with post tension slab foundation. All our properties are all rehabbed to better than new. |
| 6. How do I qualify for a loan? |
| Texas Cash Cow has a good relationship with a local bank that can process an investors loan application quickly and at low cost. It is a simple and easy process. Our lender will walk you through the process step-by-step. To get started, just call or email us. |
| 7. What kind of loan is offered? |
| At Texas Cash Cow, we believe in balancing profit with security for our investors. The lender offers traditional 30 year fixed loans with interest rates at historic lows. Once you lock in your low interest rate mortgage, you rate during the life of the loan will never change, adjust of balloon providing stability and predictability in the investment. |
| 8. How much down payment do I need? |
| 20%- 25% down payment is needed. With as little as $30,000 can get the investor into one of these great cash flowing properties. |
| 9. What kind of cash flow can I expect? |
| After all expenses, each property cash flows $200 - $500 per month. This translates to approximately a 15%-25% cash-on-cash return for the investor. |
| 10. Are these homes being sold at market prices? |
| No. Our philosophy is to buy bank REO properties at discounted prices and to pass these savings onto our investors. On average, there is a 15% equity position built into the price of the property at today's market prices. |
| 11. What if something happens to the house after I purchase it? |
| The first year of ownership includes a free warranty on all major systems in the house, which also includes changing filters and on-site, in-home inspection every 3 months. After the first year, the owner has the option to purchase continued warranty for $500/year therafter. |
| 12. Do I need homeowners insurance? |
| Yes. Proof of a paid homeowner's insurance policy is required at closing. At Texas Cash Cow, we have a strong relationship with our local Allstate insurance agent, Jeff Baird, who provides total and affordable coverage for our investor's properties. |
| 13. I live out of state. How would I manage my properties and my tenants remotely? |
| One of the benefits of buying investment properties with Texas Cash Cow is that the program is fully turn-key which includes professional property management. Jarrett Glass at 925 Properties provides property management services for our investors. These services include tenant screening & placement, tenant management, rent collection & disbursement, annual rent increases, and management of any and all home warranty issues. Jarrett Glass and his team of property management professionals take care of your investment as if it were theirs with no worries or headaches for our of state investor. |
| 14. How much does property management cost? |
| For our investors, property management is free for the first year, then only 10% of gross collected rents thereafter. (See our Education Tab for a link to all of CCMG Properties List of Services.) |
