Investment properties in DFW TX

[Chad Smith]

Hello Everyone!  I am new to property investing in DFW but not new to the area.  I recently purchased my first investment property but it was a tenant ready home.  I'm looking at joining the brrrr market and would like to see how investors in the area choose their properties and if you use anyone?  Does anyone use realty companies like Networth or have experience with them?   

Thanks,

[Sarah Nowak]

Hi Chad, Welcome to the world of investing!

Many investors utilize the help of a local agent to acquire their properties and some choose to work directly with wholesalers themselves. Others even “drive for dollars” looking for distressed properties with boarded windows, overgrown grass/landscaping, obvious roof damage etc. and then make a purchase offer to the owner. I’ve got clients that do the driving and then send me the property address and I send them back as much information as I can find for them or contact the owner on their behalf. 

If you decide to work with an agent, definitely find one that specializes in working with investors and make sure they are truly investor-friendly as many say they are but don’t really understand investor’s needs. 

I don’t have personal experience with Networth but I’m familiar with their business model and it definitely seems like a good option for beginners that want full guidance through every step of the process. I think if you want to be a little bit more hands-on, a traditional agent is the way to go as any good investor-friendly agent will have plenty of trusted contacts they can connect you with to help you with funding and rehab.