All Forum Posts by: Jason Sung

One property I found is 'double zoned', according to my agent. I searched this term in BP and Google but was not able to find any clear answer. Does it mean that I can use the property on the land as either commercial or residential? Is this the same with 'mixed-use'?

Also, what is the best way to find the tru zone info of a property?

Thanks!

Hi all, I am new to BRRRR. Do you think this is OK deal or not?

PP: 150k. 
rehab estimate; 40-50k

ARV: 230-250k

Rent potential: 1700 per month

DFW is a hot market and hard to find good deal. 
If total cash in (purchasing and rehab) is 200k, with ARV 240k, I think I can refi 180k (75%) after regab. I will end up leaving 20k.

I think this property also has some appreciation potential as well and want to hold it. 
What do you think? 

@Ryan Moyer what do you mean by your comment? I am new to STR and just curious what you mean.

Hi @Drew Harris, I am curious what decision you made. I am in the same situation. 

 @Andrew Bang, I am new to rehab and thanks for sharing this. Just curious if the $/sqft you shared is based on recent data? Just curious if recent high inflation is reflected in your estimate or not. 

You can put 3.5% down with FHA loan. Please DM me if you are looking for a reliable lender.

Hi, 

I am a new investor in Fort Worth TX. I learned about BRRRR and would like to try it. However, there seems no property that I can buy below market value to make the BRRRR to work.

I don't want to buy a turn key property and end up leaving huge amount of capital in the property. If I buy turn key property, I wont have much capital left for next investment. Also, I have not seen any property that would cash flow with turn key in DFW. I have been listening BP podcast for the past one year and it seems even the experienced investors are struggling to find good deals in this market. I only lived in DFW area in US and prefer to invest in DFW since I am more familiar with this area than others. 

I would like to keep investing by pulling my capital back after closing next deal (not sure what the next deal is going to be). I would appreciate any advice. 

@Sameer Bhalesha Thanks for sharing your thought. City-Data Map seems useful. I have been looking for SFH properties that meet 1% rule in DFW area but I dont think it exist (especially turn key) in this market.