Switching Markets

[Joe Ellis]

So my wife just recently was told that we're going to be moving from Las Vegas to Dallas TX which I'm okay with. However, I don't know anyone out in the Dallas area. I've been a Realtor out in Vegas for not even a year and now I'm moving to Texas. Our plan is to find a place to rent for a few months and I plan on just driving the neighborhoods as much as I can and any time I see a "for rent" sign, stop and write down the number, if I see ANY multifamily place I plan on trying to get a hold of the owner and buying it. Obviously a 4plex will work the best because I'll be able to live in one side, we'll be able to use my VA loan so we won't have to come out of pocket much except closing costs. Unless the owner would be willing to carry a note (which would be fantastic!) obviously, me making all these phone calls and driving around looking at all these houses is putting me essentially in the shoes of a wholesaler so I may try and find a couple of other wholesalers out that way to try and maybe get a couple of their buyer's numbers and maybe if I find something that interests whoever then I'll get them in contact. We own our home in Las Vegas and we plan on renting it out so this is going to be a learning experience as we go! Luckily, I have some good neighbors who I'll be able to call on when certain things need fixed or if an issue arises, and I have some good friends out here who I plan on having help me with my rental. Now that I've read through this again I'm not sure what this is. If any one already has or knows of any du/tri/fourplexes for sale out in the Dallas Fort Worth area (preferebly Arlington or Farmer's Branch) then let me know! I need a place to stay!

[Aisha E.]

Keep a lookout for the really good duplex deals. Dallas is over-priced, and so are Plano, Frisco, Allen, etc. You may still find a good deal in McKinney, but will be too far from your work in Dallas. Irving maybe another option, only if your work is in the west side of Dallas. Deals in duplexes on the MLS will be hard to find. You would be better off marketing for them to find your needle in the RE haystack. Good luck.