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Updated over 11 years ago,

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?

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