Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Bizi Kayumbi
  • New York City, NY
1
Votes |
11
Posts

New Investor in Dallas, TX looking for some coaching

Bizi Kayumbi
  • New York City, NY
Posted

hello BP community,

I am a new investor based in Dallas. I am looking to start small and diversify when capital & confidence grows. I have done lots of reading and I am ready to take action now.

I believe wholesale/retail wholesale is the best strategy to start. I wouldn't feel comfortable with rehabbing just yet just because of the time it takes. I am not afraid to start but want to start right.

Assuming I find a motivated seller (the hard part) and want to wholesale/assign to another investor, do I need to run comps? Can anyone in DFW help me with that?

Also which paperwork do I use? I saw Chris Colvard's 'Purchase agreement' & 'Assignment form'. Can I just change his company name to mine and use that form in TX?

If I find an investor/buyer, what kind of assignment fee should I expect in today's up-trending market?

Any other help or advice?

Loading replies...