All Forum Posts by: Amelia Woolsey

This is for either Steven or Tyler...ways to find discounted properties without going through wholesale companies?! I do have a full-time job and using those companies do save me time but would like other options.

Tyler-
I was planning to flip. But yes, I agree profit margin a bit too slim. No not MLS listing from a wholesaler.

Thanks Ross. I have run across that REI a few times in my search on google. That's the one off I-30 isnt't it?

Thanks Paul. Attending a REI meeting is on my to do list.

Thanks Billy!

Steven-

The profit margin on this is just under 5k. The rentals in the area range from 1200 to 1400. I agree, don't want to take something just to take it. Thanks Steven!

I have looked at two properties so far. First one was in a somewhat up and coming urban neighborhood in Fort Worth and the second was in an established neighborhood near where I live. They both got taken and I'm not so bummed about the first since the location was sketchy despite the neighborhood being or soon-to-be trendy. The second one was not bad but not as much of profit margin as the first. But this evening I will be viewing my third property located in what we call the mid-cities area here in the Dallas/FW area. Similar to the second property and by the looks of things someone has already started some demo work (flooring in kitchen, den and dining have been removed).

My question is do I take the virgin property plunge or hesitate and lose out again? A part of my brain tells me I should take the leap and if the numbers work -fabulous. If not, well fabulous learning experience. The profit margin is small but I feel I need to take the plunge.

HELP!!!

Great post! And I agree with Aaron's reply. Just got to get up and do it.

Amelia

I agree with Fred and Patrick. Four bedrooms to 1 bath. That's tight. It would be nice if you had wiggle room to turn one of bedrooms into bathroom.

Amelia

Sweet. Keep us updated on your progress. Expect pics after yellow paint has been replaced.

Amelia