New Investor in Dallas

[Collin J Marshall]

Hi Folks,

Nice to meet y'all. My name is Collin and I'm getting into real estate investing in the Dallas area. Right now I am spending my time educating myself through books I've picked up and with the knowledge available on BP. I've also started evaluating deals. Education is not worth much if you don't use it! I moved to Dallas over a year ago and I am currently struggling with understanding the local market. All I have to go on right now is comparing prices in similar areas.

My current goal is to purchase and rent out a multi-family property within six months (5/20). I have a great full-time job that keeps me busy as a patiently look for a deal and provides me with the money I need to put in a down payment.

I want to connect with people through BP in the interim. I look forward to learning and sharing my knowledge on this site.

Thanks for reading!

- Collin

[Jorge Gonzalez]

Hi Collin, 

Welcome to this amazing community. I myself also relocated to Dallas from Los Angeles 5 months ago just to start my real estate investment career and I already have my 2nd home under contract. I've had great success in being able to understand the DFW market by looking doing a lot of due diligence research on corporate relocations, school district, rental rates, purchase price, competitiveness. I also credit a lot of my success to the relationships I have made here in the area with my real estate agent @Kenneth McKeown and lender @Tyler Hodgson. They've given a ton of free advise in narrowing down the markets and evaluating which sub markets have great rental comps, high quality tenants, and low purchase price. Kenneth is also personally an investor in multifamily as well and knows the area extremely well, would be the perfect contact for you. Tyler will give you the best rates as well and provide so much knowledge about your financing options. 

Feel free to connect, would love to talk to you in more detail. Best of luck @Collin J Marshall