All Forum Posts by: Dustin Crawford

Thank you for the information! What markets do you suggest?

@Joseph Firmin @Jeremy Wirths @Theresa Harris @Whitney Hutten

Thank you so much for your insight! It is truly appreciated. I really don't want to move, but I want a property that gives me the best possibility for cash flow. I am also looking for a sfr with a rentable adu. I will wait for something good!

I'm not sure about mobile home parks, but there is a home that I'm interested in buying in Nacogdoches.

I’m still trying to figure out my first property acquisition. I’m located in Palestine, TX (population 18,000)and the market out here seems to be very slow with a very low appreciation rate. I’m interested in house Hacking to get started, but there are zero multi family units available within an hour. Also, it is very difficult to find off market deals. It is a rent friendly town, but it’s very hard to find good enough deals with such a small offering of homes.

My question is this: should I move to a bigger market for better real estate investment opportunities? I’m interested in building my long term wealth through BRRRRs, and possibly do flips to build capital. What do you think? Is there better opportunities in the cities in Texas, or shouldn’t just hold out and wait for something here? I’m sorry for the long post, and thank you in advance!

I agree with you 100%. The problem that I'm going to run into is financing a multi-family. I have enough cash to put down for a 20% down payment on a SFR, but not a multi. I would have to house hack the multi to make it work. The problem is, I would have to move to a bigger city to be able to do this, as multi-units are a rare find in the city that I live in.

My ultimate goal is cash flow and building long-term, sustainable wealth for my family. 

I've been searching for my first investment for some time now. I am going back and forth between buying a single family home versus a multi family unit. For a first time buyer, what do you think is the best option? There aren't many multi family units in my city (Palestine, Texas), so if I go that route, it will have to be a distance purchase. Also, SFRs are being snatched up within days. What do you guys think?  Thanks in advance!

Thank you for this post! It is very encouraging to a beginning investor. I think we all need to hear stories like this to keep us going. Congratulations!

@Brenden Mitchum

Thanks for your input! Your insight is truly appreciated!

Hello all,

I am preparing to buy my first property, and am convinced that I would like to begin with a sfh using the BRRRR strategy. I originally was planning on buying the property using bank financing, and offering 20% down. The more Iearn about BRRRR, the more I realize that it is best to buy the property up front with cash. What options have you used to buy the properties up front with cash? I have an IRA that I could use to purchase a home, but would have to pay the penalties associated with it. I could form a self-directed IRA, but then I couldn't touch the funds for personal use.

What did you do to get your first BRRRR property? Thanks in advance!