All Forum Posts by: Benjamin Carver

The good news is your experience as a wholesaler means you know the market and have skills to analyze and vett properties thoroughly. But like others said, the lenders care about the deal not so much the person. So make sure your deal presentation is accurate, thorough, and convincing. A partner is only necessary if you feel you have a blinding weakness, need more cash, or don't have the confidence to tackle this first one by yourself. You just being here tells me you've got the drive to go do this, a partner isn't a MUST by any means. Fort Worth is your playground, go have fun!

Hello! I believe you cannot but wanted to double-check since I couldn't get a real answer out of my google searching... Can I purchase a house in cash and then refinance into an FHA loan? Thanks in advance.

Thanks for the advice, Bruce! Thankfully I should have my realtor license in a few months here and be able to double-check numbers on the MLS. As for the inherent risk of wholesale deals, I absolutely agree. I'm doing my best to learn how to minimize that risk by double-checking information, performing quick and realistic analysis/inspection, and only considering deals where I can view the property with an inspector/contractor before purchasing.

@Jason Howell thanks for the advice. The issue is, sites like those don't always have the most up to date information since they are third party. A smart investor should always verify what they find on public listing sites with an agent with access to the MLS OR the public tax records. My struggle is finding the public tax records I need to perform due diligence without the MLS because I am not using an agent on a wholesale deal.

I am learning how to navigate tax records in Fort Worth, so I can verify deals that have been sent to me from wholesalers. I found the Tarrant appraisal district website, and that's about all I could find. It has general info, but doesn't mention the number of beds or baths, or really anything other than suggested land and property value, sq ft, lot size, and year. I feel like I have got to be missing something here. Any help is appreciated!

 Thank you! I've heard they are pricey but investor-friendly and very dependable. Thanks, Andrew, I certainly plan to start attending local meetups.

 If you don't mind me asking, why is that? 

With this market, it seems daunting to find general contractors who have the time to work with you. I've had several ignore me just for asking for references, they are spread thin and hard to find. Does anyone in the fort worth area know of good ways to find GCs and build good relationships with them?

My name is Benjamin Carver. I'm 20, married, and working toward my first house flip in the lower fort worth area. I'm currently working with a wholesaler and putting together the rest of my team. I am attending UTA as a junior and studying Business Management with plans to run my own consulting firm someday. I would love to network with other investors in my area, so thank you for taking the time to read this post!

@Jake Jordan I'm out here in Burleson, TX. I'm eyeing Burleson, Cleburne, Crowley, Mansfield, and that general area for my first flip this fall. Like they are saying, deals are tough right now, I'm personally going through a wholesaler to find mine. If you are willing to put in the work, there's still plenty out there. Would love to connect.