We love hearing from our investor community. Whether you’re just getting started or a seasoned professional, let us know how we can help you build your ten properties.
Frequently Asked Questions
Can I make money in real estate?
Yes, but you first have to determine what "make money" means to you. Are you looking for monthly cash flow, or long term appreciation? You also have to know where to look. From our historical data analysis, most properties have negative cash flow and very little net income. But for every property that loses $1, there is one that gains $1. Knowing where to look determines which side of that fence you are on.
How much money do I need to get started?
A good rule of thumb is about 25% of the property. The minimum down payment for investors on a standard, conventional, conforming loan (just like you'd get on your own home) is 20%. Add about 2.5% in closing costs and pre-paids. Plus any make-ready and rehab costs.
How much knowledge do i need to get started?
None! This is where we come in. We work with investors across all experience levels and specialize in coaching you from your very first property through your tenth one!
Do I need a real estate agent?
No! But the question you really should be asking is "Why WOULDN'T I have an agent?" In this article we discuss how buyer's agents (those who represent YOU) are paid by the seller. Who wouldn't want free representation?
What if I have a real estate agent?
No problem! We work with agents to help them best service their clients. Obviously you won't get the data-driven, personal-touch that we are known for. But if you are happy with your agent, we can help make you and them successful. Encourage them to contact us and we'll take it from there.
What if I want to change my agent?
You absolutely can change real estate agents. Look at your Representation Agreement that you probably signed with your agent. Though most agents will prefer to have a happy ex-client than an unhappy client, that document will outline the terms of cancellation.
*Note: This is for informational purposes only and should not be considered a solicitation of real estate services.
Do I need an LLC?
No you don't! In fact, most of our clients with only a few properties, don't use an LLC. If you feel like an LLC is right for you, we can help discuss various LLC options we see used in the industry.
*Note: This is for informational purposes only and should not be considered legal advice. Consult your real estate attorney.
Do I need a property manager?
No you don't! We encourage self-management when starting out to help keep costs low. In fact, most of our clients with only a few properties, don't use property managers. If you don't live locally or have a large portfolio of properties, we can help recommend several property management services.
I'm a property manager, can I still get access to your data?
Absolutely! Contact us to learn more about data options available.
Do you do personal real estate?
No, we only work with investors. This means that we not only know the market from a financial perspective, but also have the dedicated bandwidth our clients need.
Why is it called "Ten Properties"?
Great question! We picked our name for three reasons.
- 10 is roughly the number of $250k properties it takes to produce a six-figure net income
- 10 is the maximum number of conventional loans allowed for investors
- 10 is the reasonable limit that you can self-manage
Our goal is to help you generate sustainable passive income, so that you can spend more time doing the things you love. Starting building your ten today.
Is Ten Properties a brokerage?
No. Ten Properties is the brand name for our data-driven, personal-touch real estate investing services. Brokerage services are provided by Texas Ally Real Estate Group, LLC.