All Forum Posts by: Alex Grosvenor

Hey Jennifer! Welcome to BiggerPockets! I absolutely love all of the content BP has to offer especially the podcast! 
Anyways! I’m a Real Estate Agent here in DFW and I would love to help you with any investment properties as well as helping you find a home you adore! 

As good as expected being that it is a networking event.still a good amount of people and information being put out

House Hacking is great. If you don't cashflow while you rent out the other parts of the property but you save money on what you were paying for rent great you save money. If you break even and the tenants pay your entire mortgage and expenses its an even better win. The best win is if it cashflows while you live in there and cashflows even more when you move out and rent the other side/room out.  Either way as long as you do your due diligence to know it will cashflow when you move out and it saves you money on rent while you live there it is always a pro.

Cons would be living with/near other tenants. Sacrificing your lifestyle now for a better later.

Its always a great idea to househack. 

Hey there is an upcoming real estate networking meeting coming up in the DFW area focusing on SubjectTo's and Creative financing. There was about 100 people here last month and it is a monthly meeting. Heres the link right here. https://www.eventbrite.com/e/t... 

I will be attending this meeting myself so if you attend please feel free to come up and lets build a connection!

Hey Warren, there are two big Events that are happening the the DFW area within the next couple of months. Both of which are free and very informational as well as HUGE Networking opportunities. One is called The Event. It was just held on October 27th and over 1000 people RSVP to be there. Its being held again on December 7th. Heres the link to get a free ticket https://www.eventbrite.com/e/t... 

The other event is held by Texas Investor Club. Last month they had about 100 people attend the networking event. Usually this event is held once a month. Heres the link to this one as well. https://www.eventbrite.com/e/t...

I will be there with my wife. Feel free to come up and talk to me if you see me there!

Looking at the numbers the numbers it seems like the numbers are correct pending what percentages you used for maintenance, and vacancies and that you have property tax numbers correct because it doesn't show and I'm not running the deal so I don't know. If you're making the tenants pay for EVERYTHING (I.E garbage fees, sewer, electric, water, gas. HOA(if any), and whatever else there is is that rent still a good number? Have you talked to property managers in the area that have verified you can charge that number for rent and then add all those extra fees along with it? I see there isn't much grass but where is landscaping costs in general to keep trees cut and pick up left out trash any everything like that? The cash on cash ROI that you're getting for putting 50% down is pretty much 0. Your cashflow is also terribly small for a property that large WITH 50% down AND a 30 year loan. I get its automated by paying property management fees but to see very little return with so much money invested initially is concerning. If it was a 15 year loan and you were looking for equity and cash flow after those 15 years then MAYBE you take that deal into consideration. Looks like a no deal, but if you're justing looking at the deal to do analysis and get practice without having to do all of the due diligence that comes along with it then the numbers seem right.

Hey Anthony. I have a good credit repair guy that I'm currently using right now and I live in Dallas. His name is Casther James 1(832)604-1420 and his email is [email protected]. By no means are they cheap, but they do a pay per deletion program meaning you only pay for what they take off your credit. They also go over your credit report with you and see if they are a good fit before they take any money. 

Welcome to Dallas! If you haven't already found one I am an agent in the Dallas area and I would be happy to see if we are a good fit for working together. Remember all agents aren't great agents or know about investing. Not all personalties mesh well together either. Everything @Ryan Blake said I would agree with. Dallas has been an overly hot market where we only have 3.1 months of inventory and it has been declining steadily. Going straight to your source whether you direct mail market, door knock, or using bandit signs will be your best bet. A lot of people are over paying for properties just because the market is so hot, don't let that be you. 

We are putting offers on distressed properties. We are doing buy and holds just yet. That is our ultimate goal however for now we are sticking to fix and flips. A lot of these properties do require work but aren't totally run down but I am getting out bid on or I'm getting the same bid but just on with no option period. I'm not sure how everyone is doing their math, but I would also love the insight of somebody else to help and see how their numbers are ran. 

I can most definitely be your boots on ground as for providing the money I can't do that.

So the two options I can provide you with is being your boots on ground with just a small cut seeing as I would use it more as a learning experience rather than a money move. 

Or if you wanted to just wholesale the deal to me I can take a look at it and run the numbers and if I like it then I'll take the deal off your hands.