All Forum Posts by: David Chapman

Hi all, looking to research property managers in the Denver area.  Has anyone worked with Deerwoods Real Estate Management recently?  Who are the best property managers to work with and why?  Thanks!

This is my area code and we just bought our home here. It's called Far North Dallas and is well populated with SFH (built out in 70s - 80s) and considered a nice area for families in a good school district (Richardson ISD) with great access to major employment centers. There is a price premium for SFH here. There are some Apartments (probably mostly Class B with some Class C on the fringe) and Condos spread throughout. The apartments up at the NE corner (near Coit and McCallum) has a large number of students for Univ of Texas at Dallas campus Kia to the east of this area. The closer you are to Coit the less desirable for SFH but the less desirable. There are a ton of employers nearby with Plano to the N, Addison/Carrollton to the W, Dallas to the S, and Richardson to the E. All centers of high employment and headquarters to major companies. There are not a lot of rental SFH that I've seen due to the high sale prices driven by families wanting to live in this school district. I would suspect this area has very low vacancy rates. One thing you need to be aware of is that they are planning to reopen a commuter rail line with access to Plano, Addison and DFW airport in next 3-5 years. Great for commuters to DFW but not so great for families with $0.5m dollar homes along the rail line in this area. So exact location is key and is where I'm seeing the most SFH inventory pop up. If you have a property to look at send me a PM and maybe I can help or we can work together. I'm just starting out and it could be a good way for me learn the ropes. I know most of the areas North and West of Dallas as well. David

@Paul B.  Much appreciated. I'll likely take you up on your offer as well.   Thanks. 

Originally posted by @Paul B.:

Originally posted by @Dan Bee:

You mentioned 20+ investors. Where did you find these investors? Are they family/friends or are they professional/full time investors, etc?

There are several networking groups here in Dallas/Fort Worth where people who put these deals together meet people who are interested in investing in these deals, and vice versa. Some of the groups cost money to join, because they include a training component, for those with no prior experience. Some of the groups are free or very low cost. But presumably there are similar groups in your city. Look on Meetup.com or attend some local REIA meetings.

@Paul B. - I'd like to get access to to some of these deal streams and join a few REIA groups in the Dallas area to build up my network. My Google search has turned up quite a few in the DFW area.... any you would recommend?

Thanks for all of the welcomes. MF is where I was thinking about starting just need to do some more research on it.

Hi, new member at BiggerPockets.

Brief intro: My family and I have just returned to the US from an international job assignment, and we have settled down in Dallas, TX (where I grew up). While overseas, my wife and I have talked at length about investing in residential real estate (single or multi-family) when we returned. We like the physical nature of it, the steady streams of monthly cash flow, that it can provide a service to the community, and with investment it can help to improve the quality of life in the local community as well.

Real Estate experience: I have owned 5 primary residence properties in my life, but I've never invested directly in real estate other than holding a few REIT funds in my portfolio from time to time. My wife has experience in residential design (and she has been the sole designer and occasional GC on the remodels on our last three homes).

Goals: I pulled some equity out of the market and thought we would use that buy maybe 1-2 single-family homes here in Dallas and see how we liked being actual landlords. My education background is in finance and I took a RE Finance course in school, so I follow 95% of what I've read about real estate, but my deal experience is zero so I'm fully aware that I won't know what I don't know until I get my feet wet with a couple of deals.

First question:

• What would you consider today as the best investment options with $100k in cash? We are focused on local Dallas market, Residential (SFR or Multi), hands-on or passive, no short-term pressure for it to be cash-flow positive in the short-term.

<CLOSED>

Oops..ended up in the wrong section.  Going to re-post in "New Member Intros"!  

You guys did a nice job.  Congrats.

Hello all,

Hi, new member at BiggerPockets.  

Brief intro:  My family and I have just returned to the US from an international job assignment, and we have settled down in Dallas, TX (where I grew up).  While overseas, my wife and I have talked at length about investing in residential real estate (single or multi-family) when we returned.  We like the physical nature of it, the steady streams of monthly cash flow, that it can provide a service to the community, and with investment it can help to improve the quality of life in the local community as well. 

Real Estate experience: I have owned 5 primary residence properties in my life, but I've never invested directly in real estate other than holding a few REIT funds in my portfolio from time to time. My wife has experience in residential design (and she has been the sole designer and occasional GC on the remodels on our last three homes).

Goals:  I pulled some equity out of the market and thought we would use that buy maybe 1-2 single-family homes here in Dallas and see how we liked being actual landlords.  My education background is in finance and I took a RE Finance course in school, so I follow 95% of what I've read about real estate, but my deal experience is zero so I'm fully aware that I won't know what I don't know until I get my feet wet with a couple of deals.

First question:

• What would you consider today as the best investment options with $100k in cash? We are focused on local Dallas market, Residential (SFR or Multi), hands-on or passive, no short-term pressure for it to be cash-flow positive in the short-term.