All Forum Posts by: Hong Tran

Hi BP members, I am looking to invest in RAL/ALF using Single Family homes in the Dallas metropolitan market. I understand zoning can be a barrier to entry. If anyone has had experience with the in’s and out’s specific to the Dallas/North Dallas market, please contact me. Thank you! 

Welcome Dave! I recommend the North Texas Association of Real Estate Investors group. They offer several training sessions and is a good way to network as well. All the best to you with your investment journey.

Do a Google search "Pre-NOD" and you will find several sources for 30/60/90 late mortgage leads. The lists are fairly inexpensive and can customized your list criteria to zone in on any specific area (i.e. zip code). Good luck!

Thanks for the feedback/insight everyone. No doubt, the risk associated with HELOC loans, I will do some further due diligence on that to better understand all of my options.

Michael Lee Hi Michael, Thank you for your thorough commentary. It is an exciting industry with highs and lows but definitely do believe educating oneself on what to look for, how to analyze and structure deals are essential factors in a good deal vs going belly up! I signed up to attend an upcoming seminar by Brad Sumrok to learn more about MF apartment investments. Hope you are back on your feet soon! Best wishes to you as well!

Hi everyone! So thankful for such an amazing portal of endless resources, contacts, and topics for real estate investors. I am gearing up in preparation for my first deal. Looking for SHR and/or multi-family. While I have some liquid reserves on hand, I like to see what other sources of capital I can easily tap into. Would like input on whether I should take out a HELOC on my house which equates to $70-$75K as an added source of investment capital. Additionally, is it advisable to borrow from my 401(k)? Pros/cons on both please... Thanks!

@Gary Harris Hi Gary, I echo the others and would love a peek at your numbers and analysis. I am looking for my first deal and utilizing this time to further educate myself while studying for my upcoming my real estate exam. Thank you for offering!