All Forum Posts by: Farhan Anwar

@Farhan Anwar belated welcome to BP! Glad to hear you are ready to start taking action. The biggest step is finding (and starting) your first deal! 

I am also in the DFW area, and I went to college at UNT; personally I think Denton is still a strong market (along with a few other pockets in DFW). 

I'm a mortgage broker, so happy to talk about financing if you have any questions; DSCR loans aren't as scare as some lenders make them seem, but there are some nuances to be aware of!

Hey @Farhan Anwar and welcome! 

Saw you were in the Dallas area and new to investing, same! Our goals are pretty similar so wishing you the very best on your journey. Would love to connect. 

Something I've learned from listening to the Bigger Pockets podcast and reading the forums is networking. I just went to my first meetup in Arlington last week. I think the group is called IMPACT, an Arlington REIA. There may be one in your area and I imagine they can tell you ALOT about your strategy and market as well! If I come across lenders or investors that align with your goals, I'll be sure to send them your way. Wishing you the best!

Hello Farhan, Congrats on starting your REI journey! It sounds like you have a clear aim of what you want to do and that is arguably one of the most important things you can do for your success. I think you are looking into some solid markets as well.

@Farhan Anwar Great to see you have a solid plan and goals. I'd look at mid-cities (Hurst, Euless, Bedford) areas for single family deals. Some parts of Ft Worth and areas near Denton can be good as well. I'd personally want a place I can fix up and then rent it out to build that equity. You'd be paying premium for turnkey and most times the numbers don't work out. For the loan, you'd probably be looking at a higher downpayment (30%) to achieve your DSCR (1.20+). Feel free to reach out if you need any help. Good luck and keep us posted!