BRRRR in North Dallas

[Martyn Sharp]

Hi!

My wife and I have recently moved to the DFW area and we're doing our initial research on the area.  Given the local market seems to have really low levels of inventory, along with rapidly rising property prices, we were wondering if anybody is successfully BRRRRing in this market?  Are there below market deals to be had, or should we be looking at out of area instead?

We will be starting to get involved with local RE groups in the area, but just wanted to see if there were any BP investors with any advice?

Thanks

[Martyn Sharp]

Great advice, thank you all.  It is very much appreciated.  I guess patience is the name of the game in this market.  I'm going to look at other markets too I think, although it feels very intimidating to invest long-distance as our first step into real estate investing.

We are drawn to BRRRR's purely for the fact we can have a greater velocity for our money and better ROI. This may be ambitious in a very competitive market, but it feels like it's worth the wait.

We are aiming at probably the middle of 2021 to get our first deal.  Between now and then we're just trying to absorb as much information as possible, analyze as many deals as possible and start to build relationships that could be beneficial when the time comes.