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All Forum Posts by: Ali Radoncic

Ali Radoncic has started 2 posts and replied 89 times.

Post: The 5 Biggest Mistakes New Investors Are Making Here In The Forums

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56
Quote from @Jonathan Greene:

These are here to help you make better connections in the forums. It's ok to be new, but if you consider these five tips, you will get much better responses to your questions.

1. Writing too little or too much in a post looking for answers. There is a happy medium out there. If you write a novel, most of us won't read it because it's just too much. If you write too little, we have nothing to go on. Ask one question and tell everyone what you have done up to this point to get the answers. Also, give relevant information on rates, prices, square footage, etc.

2. Asking for a mentor without having anything to give. This is running rampant. It's great to get in the forums and look to make connections, but when you only put your hand out and ask for help and have nothing to give back, you are only going to get people who are going to pitch you. A few locals may reach out (more likely local agents), but you will never hear back if you hop on that call and only want to take from them.

3. Being fragile when you don't get the responses you want. If someone doesn't give you the answer you want and you clap back, your time in the forums will be short. Not because you will get removed but because you aren't open to advice. Sometimes, you will ask one question, but pros will have other questions to see if you are even asking the right question. Open forums aren't the best option if you are prone to fragility.

4. Asking questions without researching how often the same question has been asked. See "Should I start an LLC?" as an example. If you want to get the best responses, don't ask a question that has been asked a million times. Do your due diligence in the forums, looking for other answers, and use those to frame a better question.

5. Posting the same question in multiple forums. This is a definite no-no. Please stop. Pick one forum where your question makes the most sense. If it's a good question, we will find it. If you post the same question in several forums, we all know it's spam. You know it's spam. Don't spam.

If you are an experienced commenter here, let everyone know what you think of these to help them even more. Add some of your own.

If you are new, please use these to help yourself get better answers here.


 May I amend this to add a 6th line item please?

6. Replying with A.I doesn't make you slick

Post: New to the Dallas area and new to real estate investing

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56
Quote from @Shamsuzuha Habeeb:

Hello everyone,

I'm a new investor based in Dallas, TX, and wanted to take a moment to introduce myself. I've been following the discussions here and have found the insights incredibly valuable. I'm eager to learn more and connect with fellow investors. If anyone has any tips or specific advice for investing in the Dallas area, I would greatly appreciate it! I am interested in investing in SFH or small multi family homes, BRRRR deals and Flipping.

Looking forward to engaging with all of you.

Best,

Shams


Its important to start building a team. Where will you get your deals from ? Will you hit the pavement and find them yourself through marketing, driving for dollars, cold calling?



A licensed agent can start sending you houses from the MLS and a Wholesaler can help send off market deals to you.


Since you mentioned the BRRRR method it sounds like you will be financing the deal. Need to find a good hard money lender to help fund the acquisition and rehab for the property.

Are we squared away financially to refi out of the hard money loan using conventional financing? Or maybe we can utilize a DSCR loan. I would start networking with a loan originator that can show you both options perhaps.


Who will rehab the home? Will we be doing it ourselves or maybe we need a reliable investor friendly contractor to help out.


Post: Is 100% financing a thing?

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56

Some lenders can do it but you will still come out of pocket. For example, they can finance up to 70% of the ARV meaning, if you have a perfect 70% deal (purchase price and rehab are withing 70%) they will cover those cost for you.

you will still incur closing cost, taxes, and insurance cost though for example.

True 100% financing (ZERO out of pocket) typically requires solid relationships with private lenders or a combination of hard money lender and private lenders.

Post: First Time Fix and Flip

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56

Id be happy to run some values for you.  DM me and we can talk

Post: I'm A Buyer!!!

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56

What type of creative methods ?

Post: Bank Lending for Dallas

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56

I have a lender that can do a 90/10 loan

12% interest only

1 point

6 month term

DFW area - outskirt areas will be 85/15

Post: Moving to Dallas - Evaluating Richardson / Carrollton Markets

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56
Quote from @Bruce Lynn:

You could also look at Farmers Branch and Addison potentially.  Maybe Coppell and maybe certain parts of Dallas.   Although Farmers Branch is one of those areas like Carrollton that seems to have some of the worst dirt in the DFW area that can lead to foundation issues.   Beware of realtors that try to sell you on lifetime foundation warranties or tell you the foundation is solid.  That's pretty common.  As best I can I point out either evidence of issues if we can see them when we show homes, so you don't waste inspection and option money on homes you end up not really wanting to buy.   Foundation issues can cause all kinds of problems.  #1 Lending issues....lenders may not lend on homes with serious structural issues.   You can also have plumbing and sewer line issues....either before, or after the lift.  Leaking lines can cause issues before and after lift.  Carrollton seems to have more due to the rolling hills nature of many neighborhoods in combination with bad dirt.  If the house sits downhill where water runs and sits towards the house, in my experience it will some day have foundation issues.


 Some of the worst foundations I have come across have been in the Farmers Branch area!

I wonder if the digging for the 635 tunnel expressway had something to do with that.

Post: Moving to Dallas - Evaluating Richardson / Carrollton Markets

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56

agree with @Bruce Lynn here.  Both areas are in the "mix" ie. close to major roads, tollways, etc.

Post: I am looking for people that want to sell their multi-family property

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56

" I have plenty of off market multifamily deals that could work for you. I have big units and small units. Let's connect"

This is a post of yours.  It sounds like to me you are wholesaling.  Being a wholesaler is not bad lol, in fact I do it professionally.  I wish more people would be up front about that.

Post: I am looking for people that want to sell their multi-family property

Ali RadoncicPosted
  • Real Estate Agent
  • Dallas, TX
  • Posts 96
  • Votes 56
Quote from @Brandon Gaston:

If you are in Houston, DFW, Conroe, or anywhere in Texas and want to sell your multi family property...Lets connect.


 Are you a wholesaler?  Or are you looking to add 1 to your portfolio?