All Forum Posts by: Brandon Richards

@Chad Harrison, congratulations on making the move towards your dreams. I commend you on continuing school even though the circumstances you faced. You live in a great area, although not ideal for investing. Plan on flip or rentals? Whats the short and long terms goals? Let me know if I can help.

@Steven C. Suarez, come Q2 2018, you will be thankful you decided to hold these properties. Now is a good time to buy, as the winter months typically slow down active buyers which makes sellers more motivated. Let me know if I can help you find anything.

@Milind Shastri, I'm a local investor friendly Realtor® here in Dallas. Let me know if I can be of assistance. I specialize in off and on market acquisitions. 

I say, sell the townhouse and use its gains to fund your 6month nest egg and use the remaining funds to buy more rentals. Paying off the house is all fine and dandy, but a bigger portfolio and more passive income sounds better. Not to mention, 1 more house building equity to cash out refi in a year to again buy another home. I see a huge snowball affect here if played properly. I work with the top investors in DFW who have contacts with Google's chief economist. We have until Q2 2018 before there is a drastic change. Mark my words, there will be a consistent 1%-3% increase until next fall. Come 2018, you need to be set to ride out the next few years with your rentals. Take every opportunity to buy until then.

Hi @Mirza Baig, welcome to the industry. Don't fall into the trap of analysis paralysis. Take action, and make positive steps towards your dreams. Let me know if I can help in anyway.

Hey Tyler! I'm an agent here in Dallas that caters to the investor. I can get you in touch with everyone from GC, insurance to PM and more. Shoot me a request and I will send those over the you. Obviously I can help with a mf search as well.

@Tracy Springfield, let me search around real quick. Have you also been in contact with a lender? If not, I have a few you can call. If you are willing to go east, a lot of Forney, Heath and Heartland homes qualify for USDA loans, which means you get a loan at 0% down. Give me a call if you have questions 

A lot of negativity in here. There is opportunity all around us. The key is to network and send out your own marketing pieces to acquire properties that are off market. I have other agent sending me pre-market properties nearly weekly that they don't know what to do with. Not to mention the thousands of mailers I send out a month. Yes Dallas is hot. Yes Dallas has a lot of competition. Don't wait for MLS properties. Go to multiple networking events a week and let other agents know that you work with investors and they will call you when a crappy foundation comes up or house that smells like pee. I have access to CoStar, which has tons of MF opportunity above 8%. Just my 2cents

@Mel Brooks"Typically" low income areas bring more headaches to the investor, especially a first time investor. Why not buy a rent ready, or near rent ready home for $140-$200k and have better luck with tenants. You can still refi in 12-13 months and do the same thing all over again. Areas like Garland, Rockwall, Forney,  Heartland have houses in these price points with good rent index. 2 things concern me with your plan. Its too far for a new investor and the potential for nonpayment and other issues that come with low income areas. Let me know if I can be of assistance.

@Jordan SamuelI'm currently working with 2 other BP members on this exact thing. Shoot me a message and I'll get you hooked up with on and off market duplexes