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All Forum Posts by: Nick Walton

Nick Walton has started 2 posts and replied 17 times.

Post: Dallas Realtors

Nick WaltonPosted
  • Investor
  • Frisco, TX
  • Posts 17
  • Votes 8

I'm a Dallas realtor based in Plano. You have a tough find anything in Frisco, Plano or Mckinney for that price point how Far North & North Dallas may be a better option for you. If you want more information about the DFW market just let me know. 

Sounds like a good deal. I'm also in the process of looking for a duplex also but i'm finding it tough finding one with a good school ISD. 

Post: Help understanding a transaction coordinator fee

Nick WaltonPosted
  • Investor
  • Frisco, TX
  • Posts 17
  • Votes 8

If it was not agreed upon with your realtor that you would pay for the transaction co-ordinator then you need to ask for a credit. I may have been a case of the title company putting the fee in the wrong column. 

Post: A Brief Introduction

Nick WaltonPosted
  • Investor
  • Frisco, TX
  • Posts 17
  • Votes 8

Thanks for the welcome guys. 

Post: A Brief Introduction

Nick WaltonPosted
  • Investor
  • Frisco, TX
  • Posts 17
  • Votes 8
Originally posted by @Kim Annello:

Welcome @Nick Walton. I just moved to Frisco last year. After spending 3 very frustrating months trying to purchase a SFH for rental purposes in the Frisco area, I switched gears to commercial property. Have a small office building in southwest Dallas (Cedar Hill). Frisco/Plano/Colony are very hot right now and prices reflect that. I've heard that Toyota is promising its employees who relocate a bonus if they stay in North Texas for 2 years. I am wondering if this is going to create a mini bubble in our area, with houses selling like crazy now and then a huge glut for sale in a few years. Do you have any thoughts on that?

 Yep, I don't bother looking in Frisco either because the numbers just don't add up. You have lots of money coming into the city from abroad, in particular India and they are willing to pay more for these homes than I am.

The Toyota HQ is only one of many developments under construction right now in Frisco / Plano right now so I don't think there will be a bubble situation. The $5-6 billion dollars for the new Cowboys training facility and adjoining projects will create on going demand.

Post: A Brief Introduction

Nick WaltonPosted
  • Investor
  • Frisco, TX
  • Posts 17
  • Votes 8
Originally posted by @Joe Fairless:

@Nick Waltonwelcome to BP and will be interesting to hear about your experience between investing in the UK and in the US. What would you say is the main difference? 

 I cannot really think of any differences. I paid cash for 2 condo's in South East London in 1997 at 20% below market. Over the next 15+ years their value went from 20 thousand pounds per until to 125 pounds per unit. I did not do anything except do repairs that were needed including a new roof 1 year that whipped out profits for a while.

I got the discounted value because they also had a "right to buy" program which enabled the local authorities to sell of properties that they once owned. The purpose of this was to make tenants into home owners.

I just got lucky that the market increased the value of the properties by so much which I don't think anyone saw coming. 

Post: A Brief Introduction

Nick WaltonPosted
  • Investor
  • Frisco, TX
  • Posts 17
  • Votes 8

I have been investing in real estate in both the UK and USA since 1998. I moved from the UK to the US in 1998 where I started and ran a successful software company designing software for the online billing community for thirteen years. 

In 2011 I saw that the market was starting to turn and felt that it was the right time for me to get my real estate license and sell RE full time plus continue to purchase RE SFH to hold and rent out.

I currently have two single family homes in Far North Dallas in Texas and live with my family in Frisco, TX which is roughly 30 miles from downtown Dallas.

I am here to help where I can and lean from other in the business on how to be a more successful real estate investor.