All Forum Posts by: Jake Tansanco

I agree with other posters here. I've been researching the Dallas market for a month now and there's potential cash flow in the suburbs/smaller towns. Dallas is growing that's for sure!

I'm a new investor and I've decided to make Dallas as my first investment out of state. For months, I researched about how real estate investing and finally decided to reach out to a broker in BP (originally was going for Austin but got priced out of the area and the agent referred me to a broker in Dallas). I was looking around Plano, Allen, and McKinney but man oh man the market is HOT! Some houses below $250k would be under contract in 24 hours! Lots of bidding war going on for sure due to limited supply. Luckily, I was able to find an off-market house and the seller accepted my offer today. The fun part begins in the next 30 days.

I'm curious. When you bought the property, what was the calculated cash on cash return for year 1? I've been browsing Roofstock lately and I don't see a lot of "good" returns there within the 3-stars and above neighborhoods. I wonder what it showed when you bought it.

As a first time home buyer trying to invest out of state, I started reading as much as I can about real estate. Watched YouTube videos of people and how they did it. I got myself pre-qualified to determine how much I can afford. Every day, I would check properties and calculate their cash flow - I never thought it could get so addicting! I made a spread sheet of properties with ConC Return ranging from 7.1% to 19% - Of course, the higher numbers go on pending quickly and I think it's a good thing because it shows my calculations are consistent/correct.

What's stopping me is I'm having trouble figuring out which city/state to focus on - I'm all over the place. And the other trouble is that I need to find a team. I don't want to reach out to a lot of people in different markets since it wastes their time so I need to try and narrow down the area I want to focus on first...

As a first time home buyer trying to invest out of state, I started reading as much as I can about real estate. Watched YouTube videos of people and how they did it. I got myself pre-qualified to determine how much I can afford. Every day, I would check properties and calculate their cash flow - I never thought it could get so addicting! I made a spread sheet of properties with ConC Return ranging from 7.1% to 19% - Of course, the higher numbers go on pending quickly and I think it's a good thing because it shows my calculations are consistent/correct.

What's stopping me is I'm having trouble figuring out which city/state to focus on - I'm all over the place. And the other trouble is that I need to find a team. I don't want to reach out to a lot of people in different markets since it wastes their time so I need to try and narrow down the area I want to focus on first...