Cedar CrestDays on market for move-in ready homes in the $100,000 to $200,000 range around North Texas are tiny little pockets of time, blink-and-you’ll-miss-them openings. So when this Cedar Crest cutie landed in our inbox this week, we knew it was our next Weekend One Hundred.

And we also know you should probably shake a leg if you’re looking for something in that price range — Cedar Crest is a great neighborhood full of charming homes.

A well-established neighborhood close to downtown with a bustling neighborhood association and the Cedar Crest Golf Course, which hosted the first PGA tour in 1927.

“For decades the Cedar Crest neighbors have demonstrated pride in home ownership, which is discernible by many of the uniquely designed custom built homes,” the association’s website said. “The community is well noted for community and political involvement and has produced many business owners, educators, and dignitaries.” (more…)

Kelly, Candy, and Champion’s Linda Chase

I spent a minute or two at Champions School of Real Estate a couple weeks ago, crashing favored teacher Kelly Logsdon Rush’s stuffed-to-the-gill Real Estate Investment class. Why? She had two fabulous guest speakers: Mark Bloom, owner of NetWorth Realty (what they call a wholesaler, he has offices in 19 cities) and Rob Barney, owner of DHLC Investments, who has loaned more than $130 million to investors. It’s what they call hard money lending, meant for a quick turnaround.

I picked up some tips for us on how to scout for value properties — go to the foreclosure sales, drive neighborhoods looking for dilapidated homes, check the city’s list of code violation citations. A few years ago I was interviewed by one of the local stations, and I said you can find homes sometimes by looking for the wheelchair ramps. Man, did I get flack for that (“insensitive!”) but man, was I right. 

Kelly has been teaching this class at Champions for twelve years. She is also a seasoned, licensed agent with Ebby Halliday. And she really knows her stuff. 30 to 40 percent of her clients are investors, and the properties she is involved with market for less time, and fetch higher prices. She has been helping investors flip homes for more than 20 years, so you can see why she teaches it.  A few years ago, I needed to get my condo leased lest I bleed reams of cash, and Kelly got it occupied in about two weeks, covering everything from the lease to the pretty towels she hung in the kitchen.

Kelly’s three basic principles of real estate investment are: (more…)

kelly-rushMaybe you went to Yale or SMU for your undergrad degree, but if you have a real estate license and you got it in Dallas, chances are you went to Champions School of Real Estate on Mapleshade in Plano. That’s where I went, that’s where Kari Schlegel Kloewer went, that’s where everyone goes to get a license. Even Eleanor Mowery Sheets was there last June. I don’t know about you, but my favorite teacher was Kelly Logsdon Rush. (The guy who taught real estate law was number two.) Kelly was fun, vivacious, and boy did she know her stuff. I actually kept my iphone in my purse during her class — she was more interesting than email!

A whole lot of students at Champions agree: Kelly was selected from more than 80 statewide instructors for her “contribution to Excellence in Teaching. You are a true subject matter expert in real estate courses and your expertise in investment courses, client representation, are excellent.”

The letter went on to say that the evaluations came from season agents as well as the newbies.

“The real estate agents know you have correct information and your presentation style has their well-being at heart. Your use of enthusiasm mixed with technology and lecture equals a dynamic learning experience.”

Congratulations, Kelly. Kelly is an Ebby Halliday agent at Ebby’s Little White House. I’ve asked her to begin contributing to CandysDirt.com not because I was teacher’s pet or anything, but because I think we may need to hear from The Teacher once in awhile. And it would be a blast to re-live class right here on this blog!