Who, What, Where, When, Why?

[Samuel Eastling]

Hi BP Community,

I am opening up a discussion to hopefully learn and open up the floor to real estate professionals to connect with other CRE investors in the DFW area. I am just starting this endeavor to buy and build a CRE company, but work in the property management now to learn the basics. I would love to hear from investors, brokers, lenders, escrow officer, appraisers and mortgage underwriters.

Where do you see the path of progress in the DFW area?  

How has the market grown over the past 10 years?  Is it sustainable in your eyes?

What are you excited/nervous about for this market?

Are you preparing to buy, hold, sell or refinance in the next 5 years?

And feel free to share any wisdom you wish you had starting out!

Thank you,

P.S.  Don't feel as though you have to answer all of these, pick and choose what you want to talk about!

[Ellie Perlman]

I like the Red Bird mall and Fort Worth areas. Downtown and North Dallas are very competitive right now, and returns are in the single digits (for Class B properties). My company plans to buy and hold for 5 years, then sell. I know some other more remote areas have higher yields, such as Tallahassee, but I prefer to get 15% IRR within the DFW MSA, where I believe it will do better in a downturn.