Looking to owner occupy Duplex/Triplex in Dallas

[Ryan Clements]

Howdy Folks-My girlfriend and I are relocating to Dallas this coming July 2019. We are looking for duplexes/triplexes which require rehab and which we can owner occupy. A few Qs for the community:

1) In which neighborhoods can we find multi-family homes? MF seem few and far between in Dallas.

2) How daunting of a task is it to convert a single-family home into a multi-family home? Looking for members with experience.

3) In Dallas, what is the best method to acquire such a property? Sheriff sale, wholesaler, traditional broker, Craigslist, etc...

4) What Dallas-area lenders might you recommend?

Any insight would be great! I may the millionth person to pose these Qs... Any insight would be greatly appreciated!

-Ryan Clements

[Tyler Hodgson]

Hey @Ryan Clements! I’ve lived in the DFW area for most of my life. What brings you to Dallas?

Depending on the specific areas of DFW or actually Dallas that you aren’t looking in you could have a wide range and variety of MFH options. 

I would recommend getting your feet wet with simpler projects before diving in to doing a conversion. You want to be familiar with the city and codes for where you are converting and probably want to get some good relationships with contractors before undertaking a large project. 

@Kenneth McKeown is a fellow investor and real estate agent who has helped a lot of bigger pockets members in finding and purchasing MFHs in the DFW market. Hit him up, he’ll be able to answer a lot of your questions.