All Forum Posts by: Corey D.

Investment Info:

Single-family residence fix & flip investment in Aubrey.

Purchase price: $171,000
Cash invested: $35,000
Sale price: $307,000

2028 Hartwell Ct, Aubrey, TX 76227
Check out all info/pics on Zillow or MLS

What made you interested in investing in this type of deal?

Location, location, location. This zip code in Denton County has the most "cash buyers" in the last 90 days.

How did you find this deal and how did you negotiate it?

Our marketing arm. Buying on convenience factor & offering a 3 week leaseback after closing

How did you finance this deal?

Cash

How did you add value to the deal?

Interior/Exterior updating

What was the outcome?

Multiple offers & sold 7K over list pice in 4 days

Lessons learned? Challenges?

In&out saves a lot of holding costs

@Igor Lalosevic DFW market it HOT... I've sold the last 3 off market investment properties to traditional REALTOR clients 

That's what I was thinking. After i posted this I finally found an article about it.

Thanks Mark!

Is it possible to Sub 2 tenant owned condos and apartments? I know this might be a dumb question considering its still real estate; but seriously. I've looked all over google forgetting that biggerpockets was REI google. I am curious to know, and definitely curious to hear someone's story if they have it. Thanks BP

Put the title as "tenants in common" and create your percentages between both parties (be aware if other party sells their percentage, you'll be joint property owners with a stranger). If both parties use an LLC on title, you'll be protected and can 1031 later if interested in exchanging.

Congrats! Definitely THE goal for us newbies. Happy New Years and cheers to new beginnings. GB

I am sure multiple people are thinking the same thing; who is wholesaling in Dallas/DFW area let alone North East Texas? It's a new year and I am extremely interested in getting on as many buyer lists as possible. Please comment/share/post this forum for all of Dallas/DFW investors to see, and let's start this year off with a information/knowledge bang. Thanks BP

I am not yet licensed, but this is the first step I am taking starting January. I know this is a huge process, so I appreciate your comment.

Thanks,

I am wanting to personally own commercial real estate, as well as start a commercial real estate brokerage firm. Does anyone have any tips or locations where I can find solid knowledge regarding this path? I will acquire my first residential real estate investment property this year, but to become a big dog I want to open a commerical brokerage firm. This entire perspective is coming from a beginner with very little knowledge on HOW to organize productive start-up steps. Please help me bridge the gap between knowledge and action. Thank you BP!