Dallas Fort Worth area

[Sam Nadar]

Hello BP,  I'm a new investor in the greater Dallas / Fort Worth area.
I'd love to connect with someone from the area and buy you a cup of coffee, or to simply chat here on the forum.

I'm eager to learn and to get more deals done RIGHT. 

[Kerry Baird]

I’m in the middle of a renovation right now.  I started with the Thumbtack app, and got some bites from a few contractors.  But I also was stood up a number of times, or had contractors come take a look and tell me the project was too big.  We had the hurricane hit last year, and I was on a quest for an electrician.  They were super busy and could cherry pick deals.  I probably went through calls or appointments with 20 odd electricians. 

 Word of mouth has been my successful solution to getting people who want to work and are skilled at the trades. I ask everyone for their recommendations, from the Realtor to the lender, to the grocery clerks in the local area.  

We used a similar strategy when we got started, to flip some of the deals where the numbers didn’t make sense as rentals, and fix-to-rent the houses that cash flowed.  

My suggestion is to make a list of lenders and find out which lenders operate in which space. You'll need lenders that have an appetite for fixers if you are doing light rehabs. But you will need hard money if you have more rugged properties. And you will need a lender to refinance you out later, if you do those HML deals to begin with.

Best case scenario is to obtain owner-carry deals right up front.