Dallas Real Estate and Short Sale Blog: Texas: McKinney

McKinney Texas Townhome For Sale 5604 Rowlett Creek Way

5604 Rowlett Creek

2 Bedrooms | 2 Baths | 2 Car Garage | 1734 SF/Builder

Luxury low-maintenance living in single story townhome. Popular Julia floor plan with huge expanded master suite. Upgraded paint color, Knotty Alder stained cabinets in kitchen, stainless steel appliances including double ovens. Hardwood floors, upgraded ceramic tile, and 8ft. doors throughout. Enjoy the many amenities of Craig Ranch!

Click here for more details, photos, virtual tour, status, and pricing on this McKinney TX Townhome For Sale.

Click here to see all townhomes for sale in McKinney TX.

Contact us at 214-705-2470 for more information or to schedule a showing.

Photo Copyright 2011 Imaged2Sell

Originally posted at
http://www.thebranchteam.com/wordpress/2012/05/20/mckinney-texas-townhome-for-sale-5604-rowlett-creek-way/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

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Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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McKinney Texas Home For Sale 3402 Los Alamos

3402 Los Alamos Home For Sale McKinney TX

3 Bedrooms | 2 Baths | 2 Car Garage | 1906 SF/Tax

Single level brick home with pool on treed lot. Open floor plan with lots of windows provides natural lighting. Island kitchen with light oak cabinets and ceramic tile flooring. Two living areas share see-through fireplace. Split master suite overlooks the backyard pool while the master bath has separate shower, dual vanities, garden tub, and walk-in closet. Fresh paint throughout, new hot water heater, new carpet, and recent laminate flooring.

Click here for more details, photos, virtual tour, status, and pricing on this McKinney TX Home For Sale.

Click here to see all homes for sale in McKinney TX.

Contact us at 214-705-2470 for more information or to schedule a showing.

Photo Copyright 2012 Imaged2Sell

Originally posted at http://www.thebranchteam.com/wordpress/2012/04/27/mckinney-texas-home-for-sale-3402-los-alamos/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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McKinney TX Home For Sale 7809 Shasta

7809 Shasta McKinney TX

4 Bedrooms | 2 Baths | 2 Car Garage | 2235 SF/Tax

Great single-level Lennar home shows like a model! 2 living and 2 dining areas. Large kitchen with loads of cabinet space and black appliances opens to breakfast nook and family room with wood-burning gas-starter fireplace. Formal dining room with chair rails. Master suite has garden tub, dual sinks, separate shower, and a walk-in closet. 4th bedroom split away could be office. Open patio and pool-sized back yard is perfect for entertaining.

Click here for more details, photos, virtual tour, status, and pricing on this McKinney TX Townhome For Sale.

Click here to see all homes for sale in McKinney TX.

Contact us at 214-705-2470 for more information or to schedule a showing.

Photo Copyright 2012 Imaged2Sell

Originally posted at http://www.thebranchteam.com/wordpress/2012/04/04/mckinney-tx-home-for-sale-7809-shasta/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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Does Maximum Rent Equal Maximum Cash Flow?

For Rent Sign in Front of Home

I was out finalizing a lease for one of my clients yesterday. The listing agent was not available so I met with the owner of the property. My clients got stuck in traffic so we had some time to chat. The conversation turned to investment homes.

Many investors confuse rental rates with cash flow assuming that getting the maximum amount of rent equals maximum cash flow. I'll argue the opposite is usually true.

There are at least two hidden costs that need to be factored into the cash flow equation. The first is vacancy rate and the second is the cost to lease. Both subtract from long-term cash flow.

Any time a property is vacant it's not producing revenue. Limiting vacancies should be a factor in rental pricing. Let's assume I have a property rented for $1500 a month on a single year lease. If the tenant vacates the property after the lease ends, I incur the loss of revenue while the property is vacant and I have the cost to lease it. The other "cost" is realizing that most damage to a home happens during turnover. If I can get a good tenant to renew, I avoid all three losses.

While you may need to raise the rent on a renewal to cover increased expenses, this increase may cause our tenant not to renew. If I raise the rent on my $1500 property to $1600, I hope to generate another $1200 a year in cash flow. If the tenant moves out and the property takes 30 days to lease, I've lost $1500 plus I have the cost of leasing the property. The best time to consider raising rental rates is in between tenants.

The other place to consider this concept is when a tenant is asking for a reduced rental rate on a multi-year lease. On my $1500 rental, I will often reduce the rent to $1450 for a two-year lease. Why? Long-term cash flow. I know I will not have any downtime after a year and I will not have the cost to lease it again. The $50 a month reduction is $1200 over the two-year lease. If I have 30 days of vacancy and I have to lease it, my loss of revenue and expense to lease it can reach $2400 in my market. Additionally, I have to pay for utilities and lawn maintenance while I'm leasing it.

Maximum rent does not alway equal maximum cash flow.

Want to work with an experienced team of agents on your next investment property? Contact us at 214-227-6626.

Photo licensed from iStockPhoto

Originally posted at http://www.thebranchteam.com/wordpress/2012/03/12/does-maximum-rent-equal-maximum-cash-flow/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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An Open Letter to Zillow - Clean Up Your Data!

I'm almost to the point I hate talking to people who are searching for homes on the  Zillow website. It's not the Zestimate that bothers me-it's the outdated and bogus data that I despise.

As I research these properties I typically find the property has long been sold or expired. Some agents just don't update their websites while many post these bogus listings on purpose to attract buyers. Not only is this behavior a disservice to consumers, it's a violation of the NAR Code of Ethics.  I do what I can locally by emailing the agents and their brokers, but it's so wide-spread that it can no longer be self-policed.

I realize it's all about driving traffic and selling advertising but it's time for Zillow to take a stand on this issue.

I'm calling on Zillow to only accept data from sources that are IDX compliant or will be updated at least every other day. I know it can be done because RE/MAX of Texas is providing such a feed for all RE/MAX listings in Texas. Zillow should also suspend or terminate the accounts for sources caught posting or feeding bogus listing data to their site.

Zillow has become a major player in the real estate syndication market--it's time they take a stand and clean up their data. If they fail to do so eventually the consumer will learn that their data is flawed and go find other sites that are not.

Until Zillow cleans this up, I will continue to tell all my clients not to use Zillow for property searches. I encourage each of you to do the same.

 

Photo licensed from iStockPhoto

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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Culvers to Reopen in New McKinney TX Location

Culvers in McKinney TX

We were in McKinney this morning meeting with a past client. As we drove up US75, we suddenly had a hankering (it's a Texas thing) for a Culver's pot roast sandwich. As we exited, we noted the store was already closed. We are friends with Jim Kuntz, the owner, and we knew he was opening a new location on Eldorado Parkway so we drove over there to see if the new location was open.

The windows were still covered but we saw his car in the lot. I stuck my head in the front door hoping to say "hello" only to find Jim and his staff training for the Grand Reopening on Monday, February 20th. We were invited in to have lunch. No pot roast, but I had a tasty prime rib sandwich, onion rings, and a serving of custard. Yummy!

The Main Counter at Culver's Culvers Dining Area Map to Culver's

The new store looks great. It has a nice upscale look that compliments the upscale food and desserts that they serve. Culver's reopens on February 20th so make sure to stop by and try out their new location.

Photos Copyright 2012 Imaged2Sell | Base Map ©OpenStreetMap contributors, CC-BY-SA

Originally posted at http://www.thebranchteam.com/wordpress/2012/02/17/culvers-to-reopen-in-new-mckinney-tx-location/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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Investors, Do You Really Want The Highest Possible Rent? - Part 1

Modern Home for Rent

As a property manager I often have this conversation with my investor clients. I understand trying to get the most possible cash flow out of a property but this has to be tempered by two issues--occupancy rate and quality of tenants.

You might ask, “How are they related?”

In part one, I’ll discuss occupancy rate.

Occupancy Rate is defined as the amount of time a property is rented over a period of time. If your rental is vacant for one month out of the year you have an occupancy rate of 91.6 percent. You arrive at the occupancy rate by taking the time the rental is occupied and dividing it by the total time available.

As an investor you should never plan on a 100 percent occupancy rate. We typically use 85 or 90 percent just to be conservative in our approach.

If your rental list price is set too high the property will sit vacant for a longer period of time. Let’s assume you have a rental unit that would quickly rent for $1500 but you list it at $1600. If it takes you an additional 30 days to find a tenant willing to pay $1600, you actually lost $400. What?

While the $1600 rent generates an additional $100 in monthly revenue, you lost $1500 for the month the property could have been rented at the lower price. So, over the course of a year you generated $1100 in additional revenue but lost $1500 due to the vacant month. This results in a loss of $400 during the year!

A higher rental price is usually only profitable if you can rent the property in a similar amount of time. Otherwise you typically wind up losing money.

In part two, I’ll discuss how rental price also impacts the quality of tenants.

Have questions or want to work with an experienced real estate team on purchasing or managing investment properties? Contact us at 214-227-6626.

Photo licensed from iStockPhoto

Originally posted at http://www.thebranchteam.com/wordpress/2012/01/19/investors-do-you-really-want-the-highest-possible-rent-part-1/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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McKinney TX Home For Lease 2232 Canyon Point

2232 Canyon Point Front View

Located in the shadow of the Baylor Medical Center at Lake Forest and US 380, this never-lived-in DR Horton home is ready for tenants. There are 4 bedrooms, 2.1 baths, and 2168 square feet of living space per the builder's plan. Click on any photo for a larger view.

2232 Canyon Point Kitchen

The open kitchen has plenty of storage space, dark cabinets, black appliances and decorative lighting.

2232 Canyon Point Living Room

The large living has soaring ceilings and a wall of windows overlooking the fenced backyard and patio. The home is wired for a flat-panel television above the wood-burning fire place. The staircase has oak handrails and cast iron balusters.

2232 Canyon Point Master Suite

The master suite sits at the rear of the house. The master bath has a jetted tub, separate shower, dual vanities, and a walk-in closet.

2232 Canyon Point Balcony

Imagine yourself sitting on the balcony in the morning enjoying a hot cup of coffee enjoying the view of the greenbelt.

Baylor Medical Center McKinney

The home is within walking distance to the new McKinney Baylor Medical Center.

Current status, pricing, details, photos and a virtual tour

Please contact us at 214-227-6626 for more information or to schedule a private showing of this home.

Photos and Video: Copyright 2011 Imaged2Sell

Originally posted at http://www.thebranchteam.com/wordpress/2011/12/30/mckinney-tx-home-for-lease-2232-canyon-point/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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McKinney TX Townhome For Sale - 5612 Rowlett Creek

5612 Rowlett Creek Front View

Fantastic single-level new construction townhome for sale in Craig Ranch, McKinney, TX. The Natalie model has 2 bedrooms, 2.5 baths, and 1807 square feet of living space according to the builder's plan. Note the photos are of a Natalie but not the actual unit which is currently under construction. Click on any photo for a larger view.

5612 Rowlett Creek Kitchen

Gourmet island kitchen has loads of storage space, granite counters, custom backsplash, stainless steel appliances, and a large pantry.

5612 Rowlett Creek Living Area

The oversized living area has a wall of windows to let in the light and a gas fireplace. Flooring options include carpet, ceramic tile, or hardwoods.

5612 Rowlett Creek Flex Room

The Natalie offers an additonal room which could be used as a formal dining room, a formal living room, or an office.

5612 Rowlett Creek Backyard

Imagine yourself enjoying your morning coffee on the covered porch or entertaining guests in the fenced back yard.

Current Pricing, Floor Plans, and Additional Photos

See All Town Homes For Sale in McKinney TX

Contact us at 214-227-6626 to schedule showings or for more information on this McKinney TX townhome.

Photos and Video: Copyright 2011 Imaged2Sell

Originally posted at http://www.thebranchteam.com/wordpress/2011/12/18/mckinney-tx-townhome-for-sale-5612-rowlett-creek/

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

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CB JENI Homes Energy Savings

CB JENI Homes Energy Savings



Since as much as half of all energy used in a homes goes to heating and cooling, CB JENI Homes and York Heating and Air Conditioning provide HVAC systems to reduce energy usage and utility bills for homeowners.

CB JENI Homes Energy Savings Flyer


Source: CB JENI Homes

The Branch Team with RE/MAX Dallas Suburbs is the exclusive listing broker for CB JENI Homes

 

Tom Branch and Gina Branch, The Branch Team with RE/MAX Dallas Suburbs, service the greater North Dallas suburbs including Dallas, Plano, Allen, McKinney, Frisco, Lewisville, and Carrollton.  While Gina concentrates on traditional listings and buyer/tenant representation, Tom specializes in assisting distressed homeowners to avoid foreclosure.  Tom and Gina have published two books (Achieving Rock Star Status and The Field Guide to Short Sales) and are available for speaking engagements in the greater Dallas - Fort Worth Metroplex. Subscribe to The Branch Team Blog.

Follwo Us on Facebook          View Our LinkedIn Profile         

Copyright 2009-2012 - The Branch Team
The Branch Team - Texas Real Estate Broker 547597 | Team Members are Texas Licensed Real Estate Professionals
Tom Branch - National Mortgage Licensing System 341963
 

Important Notice: The Branch Team with RE/MAX Dallas Suburbs is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.

Protected by Copyscape Web Plagiarism Tool