All Forum Posts by: Adam Hancock

@Adam Hancock hey man I’m also looking to build a network on FW.. I am a realtor here but fairly new. My wife and I are looking to do similar type investment properties eventually.. so I’m not sure if I can help with what you asked about but wouldn’t hurt to expand the network.

I bought a single family house in Saginaw a couple years back. Solid cash flowing property in a good neighborhood with a quality tenant. The biggest issue I’ve had is the property taxes rise every year. Overall I’ve been happy with the house and neighborhood.

@Adam Hancock Welcome to BP community and FW flipping market. I have been flipping houses in north FW and mid cities area for the last 5 years. In my experience, the location is probably the most important factor in success of a flipping project. I try to find my projects in areas that are stable and/or are on a upward trajectory. I provide designing and construction services to investors. May be we can work together on some projects.

Hello @Adam Hancock

Welcome to BP community. I am agent in the DFW and I come across distress properties from time to time. Send me some information and I can add you to my list of buyers. I am also up to grab some coffee or lunch some time. 

Hi Adam, I am in Ft Worth. We flip and also hold rentals. We also specialize in property management. I would love to meet and help you grow your business. 

Hey Adam

Good to hear you are jumping in. I'm starting out in the fort worth market as well and will add what I have found so far.

All Tarrant county property's  records are free to download online so you can pretty much have all the properties, residential and commercial.

A lot of flip activity takes place in the C class neighborhoods along  I35 between 820 and I20. Some of these areas are a little rough.

The cultural district is booming and there are gems if u take the time to look.

There are many pockets of nice bread and butter homes for rentals .

Most wholesalers are overpaying and so there is little meat on the bone.

The market has cooled down from the massive appreciation we saw over the last 5-10 years.

Wish you the best.

Hey @Adam Hancock!  I would recommend starting your journey with a house-hack and scaling from there.  It's a solid foundation on which to learn, grow, and have fun!

I would also recommend taking Jay Marks out the lunch and picking his brain on real estate in the DFW metro.  He is a bastion of knowledge and before you start flipping houses I could see learning from him being a hyper-drive move.  Specifically you'll want to know what people tend to pay the most for in your area, what are the "clamor points" in your market (the things that people climb over each other for, like a 4 bedroom instead of a 3, etc), and what areas present the most value for a first and second flip?  Think singles and doubles instead of home runs here.

Best of luck on the journey, and if you even find yourself on this side of that old Red River, let's meet up!

I would look to a HELOC, @Adam Hancock, especially if this is for short-term debt. Very low fees; if you don't use the money, you're not paying any interest; much less paperwork than a refi; rates aren't that much higher than refi.