All Forum Posts by: Ali Radoncic

Hey BP family,

In the process of putting in offers for a SFH, with a primary residence loan. Will be my first ever home here in Dallas Fort Worth, but I've lived here all my life and feel that it's my competitive advantage knowing the ins and outs of a majority of the metroplex. My plan is to buy the home, live in it for a year, before renting it out. Standard 3/2, 1750-2,250 square feet.

I came across a website called Niche.com, and it tells you a little bit more about the demographics of an area, and one thing specifically it told me was about the percentage of people who rent/own in that zip code. This may be a really naive question, but it got me thinking, is it more attractive to a rent a home in an area where most of the surrounding area owns? Or via versa? 

Does it even matter at all? I saw a zip code where almost 85% of people (assuming the data was correct), owned their home and I just wondered if having a rental property in that neighborhood is a good idea. 

Thanks for any help on this! 

Hello everyone, my name is Dallas and I have always had a passion for real estate but never knew where to start. I've been educating myself by reading books for a while now, but I want to use the knowledge I've gained. I am interested in the BRRRR strategy but I need advice on how to get started, or any other strategies that may help. Any information is helpful, Thank you!

When flipping houses when do you start the process of getting your funding in place?

@Ali Radoncic   What do you think about the areas in your initial question?

West Dallas...I don't know.  Just getting started I think, but could take a long time.  Obviously there are people that must feel different, but driving thru some of the neighborhoods around Hampton and Sylvan this week, I just think to myself would I buy a 500k-600-900K house in a neighborhood where next door the backyard is full of pitbulls, the house is about to fall over, there at six cars parked in the yard and street.   City services still are horrible and may not get better any time soon and nobody likes the school district.   I can't afford to gamble.  I think it could go either way.  You're either first on trend or you get murdered.

Now that I think about it, I think the gamble might be better east of Love Field around Webbs Chapel and Inwood area, some of those older neighborhoods.

 are you looking to move towards section 8 portfolio ? 

@Ali Radoncic   What do you think about the areas in your initial question?

West Dallas...I don't know.  Just getting started I think, but could take a long time.  Obviously there are people that must feel different, but driving thru some of the neighborhoods around Hampton and Sylvan this week, I just think to myself would I buy a 500k-600-900K house in a neighborhood where next door the backyard is full of pitbulls, the house is about to fall over, there at six cars parked in the yard and street.   City services still are horrible and may not get better any time soon and nobody likes the school district.   I can't afford to gamble.  I think it could go either way.  You're either first on trend or you get murdered.

Now that I think about it, I think the gamble might be better east of Love Field around Webbs Chapel and Inwood area, some of those older neighborhoods.

Great question....tough one though.  I would think parts of Richardson and Plano.  Perhaps south Irving.  Little Forest Hills in Dallas, L Streets in Dallas, maybe areas around Junius Heights in Dallas.  Plenty of places in Oak Cliff.   I'm still out on West Dallas, but WOW are there are a lot of people willing to take that bet it appears.  Lots of new homes being built in the area that is probably D area.  Sherman might fit that bill as well.

One thing I've been thinking about is the quality of city government and services.  Dallas proper is a concern for example with 1000 police officers short.  You call, they don't show up.  I expect some of the older cities will struggle.  Think about street repairs, water, sewer, gas lines.  School stock.  Do you want your kids to be cold or hot and distracted in old school buildings in older cities vs in newer nicer schools in newer cities.  Never seen any talk or research on this, but seems like kids might do better in school if the school is newer and in good repair and things work vs those that leak and fight temperature control and other issues.

Great question....tough one though.  I would think parts of Richardson and Plano.  Perhaps south Irving.  Little Forest Hills in Dallas, L Streets in Dallas, maybe areas around Junius Heights in Dallas.  Plenty of places in Oak Cliff.   I'm still out on West Dallas, but WOW are there are a lot of people willing to take that bet it appears.  Lots of new homes being built in the area that is probably D area.  Sherman might fit that bill as well.

One thing I've been thinking about is the quality of city government and services.  Dallas proper is a concern for example with 1000 police officers short.  You call, they don't show up.  I expect some of the older cities will struggle.  Think about street repairs, water, sewer, gas lines.  School stock.  Do you want your kids to be cold or hot and distracted in old school buildings in older cities vs in newer nicer schools in newer cities.  Never seen any talk or research on this, but seems like kids might do better in school if the school is newer and in good repair and things work vs those that leak and fight temperature control and other issues.