All Forum Posts by: Darryl Glenn Dixson II

Hey guys!!!! I hope everyone here is having a good day.

I need some more assistance with a potential buy. So I have a pending contact on a single family in North County here in Saint Louis. This is great news right? The issue that I have is that this home doesn’t meet the minimum requirements for my current hard lender. They need the house to be appraised for at least 60k and the loan minimum be 30k with 90% funding. This place the I bid on is on comped at around 50k and I only need about 25k for buy and rehab.

What are some of the other options that I have?

Hey guys!!!! I hope everyone here is having a good day.

I need some more assistance with a potential buy. So I have a pending contact on a single family in North County here in Saint Louis. This is great news right? The issue that I have is that this home doesn’t meet the minimum requirements for my current hard lender. They need the house to be appraised for at least 60k and the loan minimum be 30k with 90% funding. This place the I bid on is on comped at around 50k and I only need about 25k for buy and rehab.

What are some of the other options that I have?

Wow, thank you all for your input. It has really helped me with making my decision. 

Hey guys! 

I’m in a position were I want to fire my realtor and get a new one. I haven’t signed any paper and don’t plan on it until I am satisfied with the terms. 

I guess the real question is, is it usual for realtors to present an agreement to deal with them and only then if a broad area in my city?

This is my first realtor and I don’t believe in just going with the first pick. How many realtors does one usually go through? I’m not trying to be locked down for the remainder of the year with this particular realtor. 

Thank you for your time. 

              All advice is welcomed. 

Hi everyone, my name is Darryl G. Dixson II and I am a new but ambitious investor in the Saint Louis, MO area. I have an official LLC "Dixson LLC" and I'm looking to invest in single family homes, and plan on using the lease with option method. I currently have a mentor who is teaching me so many great things but there are certain things he purposely doesn't help me with so I can learn on my own. This is something i truly appreciate when it comes to our relationship.

I'm here to network and I'm also looking for experienced investor's advice. There is a property that I currently placing a bid on, after viewing about three dozen homes. This particular single family is currently in a area where the comps have a very large range from 20k foreclosures to 120k closed flips. After doing my math and going over the numbers a few times I decided that this home has a lot of potential and it has a lot of my interest.

I'm planning on getting this home under contract very soon and it will be financed by "Cogo Capital", this is who my mentor suggested. Has anyone on here have any past experience with them? I look fMy plan is to get this house rehabbed for 10-15k, hopefully closer to 10k and then it should appraised for 70k plus. My mentor also suggested that i use a method of "transitional lender" and make a few thousand without using little to none of my own cash. 

Right at this moment, I'm wanting to limit and understand my total risk. I can play it safe and possibly make a few thousands or I can take a bit of a risk,and possibly come out of pocket more and get a great appraisal, qualified leaser, and a nice chuck of capital for a future project ( hint hint I'm need help securing a duplex for owner occupant in south city saint loud).

Please help me bigger pockets family. I'm knee deep and all the way invested. I want and need this avenue to work for me. This has also been a dream of mines and right i feel like I'm so close. Just have to work a few kinks out. Thank you for any an everyone who has read this introduction in its entirety.