All Forum Posts by: Aaron Rickett

Thanks for all of the replys. I appreciate you taking the time to respond. I plan to activate the license and really start investing once I get to Texas in a couple months. In the mean time I'll just study and learn as much as I can.

So I'm living in Chicago, but I am planning to move to Dallas this summer. I passed the test for my real estate license in Texas last summer but haven't activated it yet. If I activate it now can I view MLS properties in any part of the country or just in Texas?

Thank you!

I'm looking for attorney and CPA references to add to my team in the Dallas area. I want to form a long term business relationship with them. Ideally the attorney and CPA would both have a lot of experience working with real estate investors, and be real estate investors themselves. My first task is to create a Texas Series LLC and I would appreciate any advice about how to do this. Hopefully these professional own a Texas Series LLC too.

Thank you for any and all help!

Hi I'm Aaron Rickett. I will be moving to Dallas this June. I'm a new real estate investor and I'm looking forward to meeting and networking with other real estate professionals. I got my Texas real esate license last summer and look forward to using it more once my family and I move to Dallas after my wife graduates from the University of Chicago Law School.

Thanks for the ideas and feedback! Yes I realized that to make this work it has to simply automate the process that real estate investors use to find their deals.

So how do the great real estate investors find their deals?

Hi All,

I've got an idea for a software that I want to design to help me find Real Estate investment deals and I wanted to find out from others if they feel it would work.

When finding real estate investment do the best deals ever get listed online or do they get sold before they make it online. Generally what is the process that real estate goes through when it's about to be sold?

I work as an actuary so I deal with models a lot. My idea is to create a software that automatically pulls down information from various websites and organizes into data bases and then runs regressions on the data. The information would include address, square feet, school district, price etc. The program then runs a regression on this data and will find houses that are under priced and make recommendations about which to visit and inspect. I feel that having this automation would save me a lot of time looking around at adds myself. Not to mention that it would be more objective than the manner that appraisers generally value the property. Since the model would value properties against others in the area. The only problem is if most investment properties never make it to an online listing, then my data would be biased.

Are there any other considerations that I should take into account. Perhaps I would need to put liens into the model to understand if it's a decent property which would require a number of other sites I'd need to add.

If anyone has already created such a program I'd like to talk to you to find out which factors you used.

Thanks,

Aaron