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All Forum Posts by: Dexter Crawford

Dexter Crawford has started 10 posts and replied 53 times.

Look into/google "Self-Directed IRA". It's a retirement account that enables to you invest in whatever you'd like to invest in and the profits are all tax free. You essentially create a LLC and you put the LLC inside the IRA. From there, you can write checks for whatever investments you want from crypto to real estate.

I'd move in and out of some small fix and flips to build the account up.  Once the account is size-able, then you can consider some buy and holds.  Someone gave advice saying it's risky and you could lose money.  In 13 years, I've NEVER lost money on a real estate deal. Things will happen that won't go as planned, and you'll have to pivot. But if you can do that, you'll be fine. Golden rule, don't buy anything you wouldn't live in. At least starting off, that's the good approach.  If you consider yourself a "rookie", align yourself with an experienced partner.  That solution is fairly simple.

Best of luck.  I think you'll be fine.

Post: Looking for my first Investment to be a multifamily home

Dexter CrawfordPosted
  • Financial Advisor
  • Houston, TX
  • Posts 55
  • Votes 25

@Dana N Johns would this be your first deal?  If so, is someone mentoring you? Do you need any help, advice, or assistance? Here to help.

New to Houston and eager to assemble a top-tier team of general contractors and subcontractors for upcoming projects. Seeking individuals who are well-connected, resourceful, and efficient, with a knack for leveraging technology to streamline processes. Must be experts in Scope of Work creation and have experience working seamlessly with hard money lenders and their processes. Previous connections in Chicago are no longer applicable, so reaching out to the Houston community for recommendations. Let's collaborate and create something extraordinary together!

Post: Seeking Financial Partnerships for Real Estate Ventures in Houston Area

Dexter CrawfordPosted
  • Financial Advisor
  • Houston, TX
  • Posts 55
  • Votes 25

@Daniel J Dominguez Depends on deal type. But ultimately lenders coupled with an equity partner. 

PM me. Let’s connect if you’re interested in a deeper convo.

I have some creative backend options as well. 

Post: Seeking Advice: Expert in STR Seeking Financial Partnerships

Dexter CrawfordPosted
  • Financial Advisor
  • Houston, TX
  • Posts 55
  • Votes 25

@Dan Thomas Thanks for asking that question; it's a great one. And I agree with you 100%. I'm looking to do business in Houston as I live here now. But I was born and raised in Chicago. I'm engaging old connects and making new ones simultaneously. The new connects I'm looking to make would be other experts and investors in the Houston-land areas. I hope that makes sense and answers your question.

Post: Seeking Financial Partnerships for Real Estate Ventures in Houston Area

Dexter CrawfordPosted
  • Financial Advisor
  • Houston, TX
  • Posts 55
  • Votes 25

- There's a 3 unit multi-family in Houston that I think is a perfect Airbnb property.

- An 8 unit. Fully rehabbed and occupied.

- A 12 unit

@Nixon C. let's connect on the inbox. And we can discuss what a perfect deal looks like for you.

Post: Med Term Rental Advice??

Dexter CrawfordPosted
  • Financial Advisor
  • Houston, TX
  • Posts 55
  • Votes 25

I had this issue in Chicago once. In the furnished rental space, we charge a premium because our units are furnished. The area I was in was a heavy medical and college district.  And I noticed that many of the unfurnished units were offered with a month to month lease... the kids would get cheap furniture that they didn't care about tearing up and giving away when they were done. For them it was no big deal to furnish an unfurnished place. In areas like that, you make your money on nightly. Price wise, I was competing with the unfurnished rental market. I ended up giving up that place. I didn't want the hassle of nightly rental.  It feel outside of my scope of my business model.

A few suggestions:

- List on CHBO corporatehousingbyowner.com

- target a niche market like students, travel nurses, flight crews (if you're anywhere near an airport), and construction teams

- if you have 2 - 3 bedrooms, explore renting monthly by room - roomies.com and bungalow.com; you'd be surprised at how many people are on a budget and will roommate with strangers.  It's definitely a "thing" and I've made some good money this way

These suggestions should get you where you need to be. 

Let's connect. I'm in the Houston area as well.