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Updated 15 days ago on . Most recent reply

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Abby Chapman
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Ready to Invest in DFW Market

Abby Chapman
Posted

Hi team, I currently live in Dallas, but only have invested in the midwest with rehabs and buy/holds that I currently rent out. I am looking to start in Dallas. If anyone is/knows of any investor in the area, wholesaler, lender, contractor, etc. they recommend- please let me know. I have spoken to NW, but I am unsure I agree with their ARVs and Comps yet still exploring that option. I also had a HML recommended to me, but I found/heard some unfortunate reviews. If anyone has any insight in any of these areas please let me know. I would like to find a reliable wholesaler who has agreeable ARVs and Comps and leaves "meat on the bones", but of course still is able to have their fair cut of the deal.

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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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Bruce Lynn#1 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Replied

Always use your own ARVs and rehab costs.  Pretty typical for wholesalers to use different numbers than your own that are probably more aggressive.   These days seems like most wholesalers take the profit so you don't have to.

There are great HML around. Try Emerald Dolphin or Longhorn for example. Get prequalified with them today so you are ready to roll when you find the next deal.

If you want meat on the bone, do your own prospecting and don't depend on wholesalers to drop a deal on you.  The best deals will likely be the ones you generate yourself.

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