All Forum Posts by: James Palin

I have about $20K in a self directed IRA that I need to put to work. Does anyone know of any companies out there that specialize in bringing real estate investors and private money together?

Yesterday after a day of showings, I stopped in at Cinco day Mayo gathering.  One of my friends whom I haven't seen awhile talked to me about an interesting scenario.

He wanted to know how much it cost to completely demolish an older house and just keep the land. He heard from another source that would cost upwards of $60K.  We talked about different parts of town he was interested in buying an older property with the purpose of demolishing it and keeping the land and building on it at a later time.

Question to the forum.  What is actually involved in the demolition process?  Can anybody speak form experience?  Let's just use an old single story 3 bed 2 bathroom, 1200 sq. ft. pier and beam house as an example. 

Mark, I am a real estate agent and I have experience working with investors.

Anytime!! Let me know if you need anything else.

Hi @Matt Buchalski, I would check with each city regarding section * and see what the requirements as they vary.  I know the vouchers are interchangeable depending on zip and distance.  Mesquite is popular for section 8 due to the schools.  Keep in mind that Mesquite rentals require an inspection by the city prior to being rent ready.

Hi @Brandon Allen, @Michael S.

Welcome to BP.  Here are a few things to help you get started.

Complete your profile with a background about yourself and your real estate goals. Be sure to include a picture of yourself. The Bigger Pockets community loves to see your smiling face.

Setup alerts that pertain to your city/area and personal investing goals. https://www.biggerpockets.com/alerts You will get emails on topics and discussions which allow you to interact with other BP users.

Be sure to check out the BP Ultimate Beginner’s Guide. https://www.biggerpockets.com/real-estate-investing This guide will give you a very thorough overview of real estate investing and help you pick your niche.

Be sure to download and listen to the Bigger Pockets podcasts. It’s a great way to learn more while doing other things such as exercising, driving, etc.

Get involved with a local REIA groups. I have visited two REIA groups here in DFW which I have been to and recommend.

North Texas Association or Real Estate Investors http://ntarei.com/ This group has a general meeting once a month and hosts a lots of workshops for a small fee. The workshops cover various subjects from financing, wholesaling,, estimating repairs etc.

Dallas Real Estate Investors Group http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

Last but not least feel free to reach out to any of the BP members for any questions or help you might need. Good luck to you.

Hi @Jyotin Gautam,

Welcome to Bigger Pockets! You will find a wealth of information here.

I recommend doing the following things.

Complete your profile with a background about yourself and your real estate goals. Be sure to include a picture of yourself. The Bigger Pockets community loves to see your smiling face.

Setup alerts that pertain to your city/area and personal investing goals. https://www.biggerpockets.com/alerts You will get emails on topics and discussions which allow you to interact with other BP users.

Be sure to check out the BP Ultimate Beginner’s Guide. https://www.biggerpockets.com/real-estate-investing This guide will give you a very thorough overview of real estate investing and help you pick your niche.

Be sure to download and listen to the Bigger Pockets podcasts. It’s a great way to learn more while doing other things such as exercising, driving, etc.

Get involved with a local REIA groups. I have visited two REIA groups here in DFW which I have been to and recommend.

North Texas Association or Real Estate Investors http://ntarei.com/ This group has a general meeting once a month and hosts a lots of workshops for a small fee. The workshops cover various subjects from financing, wholesaling,, estimating repairs etc.

Dallas Real Estate Investors Group http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

Last but not least feel free to reach out to any of the BP members for any questions or help you might need. Good luck to you.

The businesses are attracted to Texas for the no state income tax.  (Although, we do have the third highest property tax rate in the nation)  I think the location is attractive because its right in the middle of the United States and you can reach almost any major city within 3 hours by a direct flight from DFW airport.  As far as the humidity goes, it is mild here compared to Houston, but I don't really feel it or I have gotten use to it.  (I grew up in west Texas)  The humidity is always the first thing I feel when I fly to the east coast.

It has definitley affected our property values.  I get in a bidding war almost on a weekly basis.  I have even had several relocation clients give up and resort to renting.  Overall, I am happy living here and I don't mind the heat.  (Perhaps I have gotten use to that too.)

I agree with @Eugene Gridnev.  He has made a lot of good points.  Is Frisco a bad place to purchase a property?  Absolutely not.  My question @Navin Kumar?  Do you plan on renting out the property after 5 years?  A property that size has a much smaller renter pool.

Hi @Al Johnson,

Welcome to Bigger Pockets! You will find a wealth of information here.

I recommend doing the following things.

Complete your profile with a background about yourself and your real estate goals. Be sure to include a picture of yourself. The Bigger Pockets community loves to see your smiling face.

Setup alerts that pertain to your city/area and personal investing goals. https://www.biggerpockets.com/alerts You will get emails on topics and discussions which allow you to interact with other BP users.

Be sure to check out the BP Ultimate Beginner’s Guide. https://www.biggerpockets.com/real-estate-investing This guide will give you a very thorough overview of real estate investing and help you pick your niche.

Be sure to download and listen to the Bigger Pockets podcasts. It’s a great way to learn more while doing other things such as exercising, driving, etc.

Get involved with a local REIA groups. I have visited two REIA groups here in DFW which I have been to and recommend.

North Texas Association or Real Estate Investors http://ntarei.com/ This group has a general meeting once a month and hosts a lots of workshops for a small fee. The workshops cover various subjects from financing, wholesaling,, estimating repairs etc.

Dallas Real Estate Investors Group http://dallasreig.com/ This group meets once a week on Saturday during the lunch hour.

Last but not least feel free to reach out to any of the BP members for any questions or help you might need. Good luck to you.