All Forum Posts by: Diego A.

Plano is having some growth issue as reported by Plano ISD with the decline of enrollment. That could be determined by numerous factors which I haven't seen a study yet as this was reported Monday.

Anyways when you try to have a property for LTR in cities with school rating higher than 7, the economic doesn't work. Schools are one of the factors that drives quality and rise prices. At this moment there are cities that are having an 8% growth and prices are starting to go up 

On the other hand there are cities in good neighborhoods but without great schools that had house prices going down.

Market depends on where you are standing and what strategies works better for you.

I would say that you have a lot of opportunities for investing @Randall Alan explained well your financial strategies.

With respect to what strategies to choose is depending on what you are willing to learn.

STR depending the area is always a good strategy though you have to understand that is hospitality no real estate.

Outside it will depend on the country and your knowledge. Startup investing is good at this current market as there is no a lot of money so startup values are low. Though that is a risky bet in most cases if you don't know and you can lose everything that you invested in.

All skills are learn but doing and being repetitive. You can read many books and do so many training, courses, etc bu they won't teach you the stress when something broke and it has to be fix in the day or the whole project goes south.

Easy big money does not exist. Every project will provided you with some good return depending on the resources that you and your partners put.

Flips and house development are in a similar category so you can start with a flip, but as @Jonathan Greene said it can go though, so if you don't have an experience partner you should start small.

Welcome to BP!!!

Happy to connect with fellow investors.

@Karan Shah, I will say that what Michael has mentioned is a better choice. Collin County seems to be over price, the same than Denton County, though you could find some deals there is always a challenge to find the right one.

One thing to take in mind is the maintenance cost, Fort Worth has older houses that will cause issues on the maintenance, if you are looking low maintenance you will need to look a few and identify how you fell comfortable.

Hi Hermant,

Here are some notes for you:

• - Filter Criteria: this will depend on the risk that you would like to take and the budget. For this you have to define your strategy first before defining the filtering. 
• - Learning Resources: learn by doing, go to meetups, you can read many books, though it will need to be up to you to decide. I don't really recommend any because I haven't found one that is spot on.
• - Location Focus: for multi-family in DFW, as the supply is low you will need to look what fits the best for you. You can focus around Universities, or old town as a start.
• - Investing with a Friend: You have to create an LLC and a good operations agreement. In general is not that complex to do.
• - Loan Type and Liability: we have to look at what you are looking for and the loan type. It is always recommended to do it using LLC but not all types you will qualify if you don't have business with the lender or you don't have experience.

Feel free to reach out and we can setup a call, I am working with multiple clients that are doing similar things in DFW.

Hi Wyatt,

Please research in your area for a good investor realtor, he will be able to help you to find the right price and then help you to sell it.

You can find Agent Finder in BP to find someone in your area.

All great advice but most important build your network around you. Get into networking meetups. Find a good realtor and mentor.

Reach out if any questions I love to help you get started.

You can dm me your thought process and I can look at it. I am not in the market so it will be much better to have someone in your market to look at it, but I can review your thought process.

Hi Bob,

Make sure to have an investor friendly realtor so that you won't have issues afterwards.

HOA are very tricky, as the boards change very often, they could be years that they don't do much and other years that they are suing residents if they are not maintaining the lawn.

CC&R are the key to review in this case, those are public so available for you, and those are required to be provided by the seller every time.

Don't go the route of do it anyways, that will have cause you consequences, I had a time that the HOA sued a property owner just for missing 6 months (the property owner was renting out the property and it didn't receive the invoice to pay the dues so she forgot). Then the issue was resolved,but then it went to attorney costs and a record on her name in the county that she didn't pay the HOA.