All Forum Posts by: Dylan Whitcher

My wife and I are looking to purchase a property in the Dallas Fort Worth Metroplex. We are also looking to build relationships in the DFW area, within the REI industry. We have money ready to go. We are being cautious about this method of searching for deals, but we ARE putting out feelers. We are looking to have a property under contract in the next two months. If you or anyone you know has any "problem properties" or headaches. I would love to talk about it.

Hey @Ashley Vellon !!

My wife and I are marching down the REI trail in Tucson as well. We are currently looking for a 4-plex with a few specific zip codes in mind. Feel free to reach out to me if you want and we can talk! We are planning on going to the local meetups around Tucson, hope to see y'all there.

@Kyle Shankin super cool. Sounds like it turned out well. Congrats!

Hindsight is 20/20! Don't beat yourself up about not negotiating hard enough. There are plenty of stories of sellers going in a different direction since the buyer "disrespected them with a lowball offer. Making 135k is nothing to scoff at, way to go man!

Way to go man! looks like it worked out pretty well. Is this your first deal? How much are you looking to get for rent? How much are you expecting it to appraise for once you have a renter?

Hey Josh,

My advice would be to stay away from student housing-focused properties, and stick to something that can accomplish your daughter's housing goals for her time in college station and that you can get out of through a sale or continue to rent to other demographic than just students once she is gone. The student housing market in College Station is MEGA saturated. The last company I worked for had a flagship property right next to the university, and the market is very competitive, full of concessions for students and a lot of the properties that are not directly near the university are hurting for occupancy. 

I would focus on something that could easily be marketed to the traditional family, both during your daughters time there and afterward. Scenario 1, you purchase cash flowing property and your daughter can live for free, or even make money from her tenants, and graduate with that experience and real estate to her name. Scenario 2, you purchase an SFR that your daughter house hacks and rents out the other rooms to her friends and you either sell it when she graduates or hold on to it for cashflow.

Hey @Robbe Claessens,

It is on depending on your overall goal of real estate, however, since you said you want to earn $5000 passively ASAP, then a 30-year mortgage is the way to go! you will have a slightly higher APR but your monthly payment will be lower, in turn, allowing you to cashflow more from said property, thus giving you a bigger number and getting you closer to your 5k passive goal. Good luck man!

@Armando DeGuzman Solid. 

@Jake S. @Rob B. Thanks guys!

@Armando DeGuzman Awesome man, thanks for the welcome. Where in Tucson are most of your projects located? are you focusing more on single-family or small multi for your rehabs?