All Forum Posts by: Brian Freeman

Baker Street/Camp Bowie is most convenient for me. It'll take my vote. 

Thanks for the shout out @Hattie Dizmond! We think you're awesome too.

As Hattie mentioned, we dont do the high number of transactions as the two big dogs, but we supply about 4-6 properties a month to a small group of happy investors. Please reach out if you're interested in props in Tarrant.

In regards to John's post above...I wish we got a 10-15k mark up per house! haha.

Thanks all yall for reaching out, as well as those who sent direct messages. I've sent y'all all messages and look forward to developing a mutually beneficial relationship. 

Hey Vish,

Thanks for asking.

We work prominently in Tarrant county and really beat the SW side. However we have completed deals all over the metroplex, and all the way to Longview, TX. 

As for pricing, it depends on the location and market of the deal, as well as the exit strategy. 

Our flips we sell at 73%-78% of ARV. Repairs vary. We can get repair estimates verified by and outside contractor.

Rentals are more dependent on what our buyers requesting. Lots guys need to be at less than 80% for their refi and would rather have higher rents than equity capture. Net ROI typically falls around 12%-15% ROI, not including appreciation. I know alot of guys advertise higher ROIs, but we run numbers appropriately... After discussing criteria individually, we snipe properties with an end investor in mind. We are not one of those guys that has 1000 people on a blast email marketing campaign. For those investors that want to be on a list like that, we're probably not your guy. We prefer to develop a lasting relationship that spans mult. properties over time.

As for the portfolio's, we buy SFR rentals that are completely occupied or near 100% occupation from a previous investor exiting the market. The reason for exit is typically old age or liquefying to upgrade to a large multifamily opportunity or commercial investment. Equity capture on these are typically lower (due to repairs are usually minimal to none). Net ROI would fall between 10-14%.

Again, thanks for asking and I hope that helps. 

Hey yall,

My partners and I are looking for new investors to work with. 

We wholesale about 5 properties a month and one portfolio deal quarterly throughout north Texas.

No bs fees involved in our closings. 

We are smaller guys, but we put our names behind our numbers. You may contact me for referrals to investors we have worked with over the years. 

I have a portfolio of 34 off market homes available for sale in the Millington and Munford areas of Memphis. They are nearly fully leased out.  Net Roi (we calced by taxes, insurance, and property management removed from gross income) is a 10 cap. 

Half the properties are 90s-2000s builds.

I can supply current a spread sheet with all pertinent info, lease agreements, as well as exterior pictures of them homes.

Any or all of the homes are available for purchase.

Please contact me at:

713-705-6630

or

[email protected]

I agree with focusing your attention more to the Tarrant side of the metroplex. I would also look into some areas around TCU. With the houses being rented out by the room to college students higher caps are much easier obtainable (or rather obtainable at all). Feel free to message me, I farm the area for off market deals and wholesale the majority of them. A lot of the stuff is already rented out and can be bought turn key at the numbers you quoted.  

I have a property I am willing to wholesale in the Preston Hollow area of Dallas

Please PM me for details and address. I can answer all questions on the property and can provide you with the CMA I have pulled.

ARV - $525,000

Repairs - $47,000

Price $373,000

DFW, Dallas, Preston Hollow, 75225

Hey Carlos,

Lots to learn here. Be sure to set up your Keyword alerts. Theyre the best way to keep an eye on things online and the "DFW BiggerPockets Real Estate investment Group" on Facebook does a monthly meetup to get networked in person with people in our area. Good luck in the coming year!

Hey Adam,

I will surely get into contact with Kathy and be in attendance at the next one. Thanks!

By the way, how do yall do this deal with the tagging people. I should probably know that as a younger guy haha...