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All Forum Posts by: Daniel E.

Daniel E. has started 1 posts and replied 2 times.

Post: Another newbie from Dallas, TX!

Daniel E.Posted
  • Grand Prairie, TX
  • Posts 2
  • Votes 1

Thank you Eva for the recommendations. Before I do anything I will definitely consult with a professional. 

Thank you for your reply Sonia! It's about 5 acres of land. There are plans of a highway being built either near or right over the land. How would that affect the value of the land?

Post: Another newbie from Dallas, TX!

Daniel E.Posted
  • Grand Prairie, TX
  • Posts 2
  • Votes 1

Hello everybody! Glad to become a part of this awesome community!

My name is Daniel. I'm currently a graduate student working on getting my masters in Taxation. I am currently working as a staff accountant. I have one daughter and another little one on HIS way. Talk about being busy!

Although I am in accounting, my dream has always been in working in real estate. I've grown up around real estate industry thanks to my father and other family members being in the real estate business. So I am pretty familiar with how things work, but I am no expert!

I feel as if I'm ready to take the first in real estate investing. But first, I need some advice.

My father owns some land in which he said he will pass to me. What would be the best way to use the land for real estate investing? I've thought about selling it and using the money for my first investment. If I were to go that route, what would be the best way for my father to transfer the land to my name? Is it a complicated process? I'm not sure who I should go to about this, so I figured someone on BP might have some help. 

Thank you!