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Updated over 11 years ago,
New Investor in Dallas, TX looking for some coaching
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?