All Forum Posts by: Brenda Akinyi

@Bruce Lynnthank you for this information. I understand it's quite a drive from Dallas and I appreciate the insight on the area. Are there any other areas close to DFW that you would recommend?

@Tim Lockhart - I just came across this post. I live in Dallas and would like to invest in Wichita Falls, TX. Would like to connect to learn more about the area, specifically to know which neighborhoods are good for cashflow, safe, e.t.c.

Thanks!

@Stuart Chinworth thank you for this information! I'll look into the website and see what I can find!

@Lucia Rushton - I'm looking for a Single Family home, 3/2 and around 1500 sqft. The 'buyers market' info I found on realtor.com by googling ' Wichita Falls TX Real estate market supply' which may be wrong. 

Hi all. I have been looking at properties in Wichita Falls, Texas. I currently live in Dallas and not too familiar with the Wichita Falls Texas area. I did a little bit of research and as of today, it is a buyer's market. Is there anyone who can provide insights on the area? Which are the good neighborhoods that can cash flow? 

Thanks!

Brenda.

Unless I am missing something that is obvious ( I am a newbie), why are some homes listed on Zillow with prices way above the home value? If I was to make an offer and I have researched the comparable home values, do I offer the amount then that makes sense to me according to the calculations i.e. have around 8% COCR?

@John Warren thank you for the feedback! Yes from the research I have done the interest rates are really high. I will look into refinancing my FHA..

As a new real estate investor, is it advisable to use hard money lenders to fund the first deal? I already have an FHA that was used to finance my current home and trying to raise funds for a conventional loan. I have also began exploring other sources of financing and would appreciate any insight on using Hard Money lenders. Thank you all in advance.

@Nicholas Gayton thanks for posting this. I am also a newbie and in the process of market analysis. I am glad I cam across this post since my analysis was initially just based on the 2% and 50% rule and eliminating a lot of locations. Will definitely use this spreadsheet for a more indepth analysis.

@Wale Lawal thanks for your feedback! Makes sense to disclose to the buyer. Do you think the prior fire damage could make it harder to sell or rent?