Fort Worth Properties

[Brian Freeman]

Hey yall,

My partners and I are looking for new investors to work with. 

We wholesale about 5 properties a month and one portfolio deal quarterly throughout north Texas.

No bs fees involved in our closings. 

We are smaller guys, but we put our names behind our numbers. You may contact me for referrals to investors we have worked with over the years. 

[Brian Freeman]

Hey Vish,

Thanks for asking.

We work prominently in Tarrant county and really beat the SW side. However we have completed deals all over the metroplex, and all the way to Longview, TX. 

As for pricing, it depends on the location and market of the deal, as well as the exit strategy. 

Our flips we sell at 73%-78% of ARV. Repairs vary. We can get repair estimates verified by and outside contractor.

Rentals are more dependent on what our buyers requesting. Lots guys need to be at less than 80% for their refi and would rather have higher rents than equity capture. Net ROI typically falls around 12%-15% ROI, not including appreciation. I know alot of guys advertise higher ROIs, but we run numbers appropriately... After discussing criteria individually, we snipe properties with an end investor in mind. We are not one of those guys that has 1000 people on a blast email marketing campaign. For those investors that want to be on a list like that, we're probably not your guy. We prefer to develop a lasting relationship that spans mult. properties over time.

As for the portfolio's, we buy SFR rentals that are completely occupied or near 100% occupation from a previous investor exiting the market. The reason for exit is typically old age or liquefying to upgrade to a large multifamily opportunity or commercial investment. Equity capture on these are typically lower (due to repairs are usually minimal to none). Net ROI would fall between 10-14%.

Again, thanks for asking and I hope that helps.