All Forum Posts by: Joni F.

I've become engulfed with Bigger Pockets and desperately want to get into investing within the next few weeks. My dilemna is which property to get first, being that Dallas is in the middle of a housing boom - primary residence north of Dallas, or first rental property in Garland or Mesquite.

I wonder how the returns will compare if i purchased a less expensive home in an ok part of town to live in for a year then turn into a rental. Or should I get into the market now and purchase my primary residence to take advantage of the lower prices then later try to get into investing. Will it be harder to get a loan without a lot of money down if I already have my primary residence?

Thanks @kyle scofield @jacobsampson. So what you're basically saying is this property isn't exactly screaming DEAL, and to give it a little more time.

Thanks guys, such great advice! I'll keep at it

I currently live in Frisco, TX, right outside of Dallas. I was recently approved for my first home loan (FHA) and would like to go the way many investors start out, owner occupancy. I find the realtors I've come across don't see to be supportive of my plans and I usually won't get much feedback when I inquire about multi-family homes. One realtor suggested since I have a young child that I forget about this plan and go into a SFH so that I can get into a good school district. She kind of had me second guessing myself. I know my desire is to get started because if not now, then when? Does anyone know of realtors that can help find decent multifamily homes in the Dallas area?

Any advice would be appreciated.

I've been searing for multi-units in the Dallas area, and i found one that may be worth going after. This will be my first ever purchase, i'm a little nervous, so i'm looking for feedback. It's  a duplex about 40 miles outside of Dallas. It was built in 2006, has been on the market for 284 days, and is going for $185k. One side is currently renting for $1000 and the other $950 but could go for more. I would want to occupy one side of the duplex.  Does this sound like a sound deal worth going for, and should we low-ball our first offer being that it's been on the market for so long and the pricing has dropped from the original asking price of $200k? It's also on a huge corner lot, enough footage that another unit could possible be built in the future. Any advice on how i should proceed?