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All Forum Posts by: Benjamin Carver

Benjamin Carver has started 45 posts and replied 281 times.

Post: New to Fort Worth and Investing

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

@Jack Pawlowicz Are there any areas so far that have piqued your interest?

Post: New to DFW RE Market

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

From what I've seen, Burleson is growing rapidly. Arlington is also a great place to scoop up class B properties in the $175,000-$225,000 price range. You have to be careful there though, certain areas have a high crime rate and are best to be avoided. But tons of opportunity, especially if you are willing to get your hands dirty with a reno. Good luck! I'm currently looking to BRRRR in the DFW area as well.

Post: Want to invest by end of June in Dallas / Fort Worth

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

My Dad and I are looking to BRRRR a small-multifamily property in the DFW area by end of the year. Crazy market, and we realize low interests + high prices don't help out the BRRRR investor. Small MF inventory is super low too. Wholesaling is the way to go in this situation. We are motivated!

Post: Beginner Real Estate Wholesaler

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

Andrew, if you are looking for a group of young entrepreneurs who are passionate about finance, real estate, business, leadership, and personal development, then please connect with me! 

Post: Adding an ADU in Fort Worth

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

Hey BP, I'm a young investor considering buying my first SFH in Fort Worth, TX with the plan of adding an ADU. I would house hack this property, living in the ADU, and hold for a few years through college. I've been trying to do some research on zoning, among all the other things to think about with adding an ADU. From what I hear, FW is ADU friendly, but I'm not exactly sure what zoning terms to search for or how to filter that when analyzing deals online. I'd also love to hear from anyone who has researched or executed this strategy in the area. Thanks in advance for the responses!

Post: Any Investors/Locals in the Houston, TX Area?

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279
Originally posted by @David June:

Hey @Benjamin Carver. Fellow newbie here looking in Houston as well.  I agree that Bear Creek historically has had a lot of problems with flooding. I grew up in the Bear Creek area and remember it flooding more than once. It is something you have to be careful of all around the city.

I also think its really important to take what @Vijaianand Thirunageswaram was saying about location into account. I currently live and work in Katy. I enjoy it and would like to house hack a SFH here, but I doubt I would be able to find steady tenants in this area. Its probably a common problem in a lot of the suburbs. I've seen some plexs around town, and the numbers at face value look really great, but your usually looking at north of 300k for those which is out of my budget. What areas of town are you looking at right now?

So, Katy is on my radar. Others mentioned flooding, but that's probably a risk to some degree anywhere near Houston. I am certainly trying to keep closer to the city to attract college students and be close to school myself. I've also been looking into Meadows Place and Almeda. Been gravitating toward the $150-$250 range but there definitely aren't much solid options with plexes down there. Considering taking on a SFH maybe doing some fixing up, get a deal closer to the city in a healthy neighborhood.

Post: Any Investors/Locals in the Houston, TX Area?

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279
Originally posted by @James Polk:

Hi Ben, you can cashflow in Houston. A rule of thumb for you is that rent is about 400 per room.  The nicer the area that goes up to about $500.  

Let's say you get a 3/2 for 150 k. Decent neighborhood. You could rent 2 rooms for approx $450.  Mortgage escrow run about $1500.  You would pay about $600 net.  Not a bad deal. If you get another room at same house cost you are paying $150.  Close to zero.  Definitely house hack if you can.

Hey James, thanks for the insight! I've been mainly looking for SFH but have recently considered looking into plexes or SFH w/garage apartments in the area. Haven't had much luck finding any of those, however. Has that been your experience too?

Post: Any Investors/Locals in the Houston, TX Area?

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

Hey y'all, I'm a college student looking to purchase my first property next year and I'm trying to get a feel for the market in Houston, TX. I've been analyzing properties that I wish to house-hack, mainly single-family, but have had trouble making the numbers work anywhere within a 30 mile radius of the city. I've been told certain cities excel at different investment strategies and was wondering if anyone could offer some insight? Thanks in advance to anyone who takes the time to read this.

Post: Young Entrepreneur Seeking Internship/Temporary Job

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

I'm pursuing entrepreneurship as a focus in Business. I plan to pursue real estate education during college through an internship or becoming an agent. I plan to ultimately own a flip-and-hold business. 

Originally posted by @Scott Mac:

Originally posted by @Benjamin Carver:

Hello, biggerpockets! My name is Benjamin Carver. I am living out of dfw area, working toward my bachelors in Business Entrepreneurship. I've been interested in investing, specifically REI, since my Sophomore year of high school. I've developed a strong passion for house flipping, business startups and multi-family acquisition. I am also currently saving my way toward the purchase of my first house hack. Aside from my desire for early financial freedom, I love real estate because it's something that benefits everyone - the seller, the buyer and even the community. I realize I am still very young, which only means I have tons of experience and wisdom to gain. I am eagerly seeking an arrangement that allows me to work and learn from someone who knows the ins and outs of real estate investing. I'm a quick learner, extremely hard working and willing to do whatever it takes to achieve success! So who's ready to strike a deal and invest in me?

Hi Benjamin,

What kind of business do you want to own, that you are going to school for?

Good Luck!

Post: Young Entrepreneur Seeking Internship/Temporary Job

Benjamin Carver
Posted
  • Real Estate Agent
  • Raleigh, NC
  • Posts 284
  • Votes 279

Hello, biggerpockets! My name is Benjamin Carver. I am living out of dfw area, working toward my bachelors in Business Entrepreneurship. I've been interested in investing, specifically REI, since my Sophomore year of high school. I've developed a strong passion for house flipping, business startups and multi-family acquisition. I am also currently saving my way toward the purchase of my first house hack. Aside from my desire for early financial freedom, I love real estate because it's something that benefits everyone - the seller, the buyer and even the community. I realize I am still very young, which only means I have tons of experience and wisdom to gain. I am eagerly seeking an arrangement that allows me to work and learn from someone who knows the ins and outs of real estate investing. I'm a quick learner, extremely hard working and willing to do whatever it takes to achieve success! So who's ready to strike a deal and invest in me?