All Forum Posts by: Jessica Harrison

 Sure... All of those things need to be taken into consideration when looking at a real property. There are local banks that will hold the commercial loan and have various loan ratios they will use. The question was what would you do if you had $200K to invest... all I'm saying is that I would look for small commercial deals. And it is possible with that amount- i have clients who have done it within the last few months. 

 Not if you get a loan. You can get a commercial loan at 25% down. I have clients who have purchased value-add commercial deals in DFW for less than $800K. It's totally possible! 

I would buy small, value-add, commercial deals - 10-15 units in great markets like DFW. 

From a wealth building standpoint, i would recommend buying a small multi-family property in a good area that will cashflow. You won't necessarily need the full $100K for the down payment. So, you can then use the rest as a down payment on a loan to build the extra living quarters. 

Just another thought... how much equity is in the house that they are gifting? Could you do a cash out refi or home equity loan and use some of that to cover the building project?

Given your financial position, I would look at multi-family properties, even small commercial properties like a small apartment complex. Many of the places mentioned in the other comments are great areas to invest in, but even with a 20% down payment, it's going to be difficult to get a single family property to cash flow. But the more units, the better the cash flow. Most of my clients in similar positions to you are looking at 4-plexes to 10 units. 

Hello! 

I have a client to bough a rental a little over a year ago- cute house in Ft Worth (3/2/2). They are open to having someone run an AirBnB in their rental. If you or someone you know is interested in adding an AirBnB to their portfolio, please let me know. I'd love to talk to them and see if it might be a good fit for my client. 

-Jessica

Hi @Mora Clark, DFW is a great place to invest. As many have said, regulations do seem to keep popping up, but I wouldn't let that deter you from going for it. I would just make sure that the numbers work for a long term rental as well just incase the city you are in implements new regulations. :) 

Hi Shai, 

DFW is a great choice both for investing and for living :) I live and invest primarily on the west side of DFW (north ft worth) and it has served us well. I also have helped out of state and in-state investors do the same (a few contacts from BP). My husband and I have long term rentals and do fix-and-flips. 

As other's have mentioned DFW is huge, but I'd be happy to help you get oriented with the various areas either in person or over the phone/zoom. Send me a DM and we can connect. 

Hi Taliyah, 

Yes, I would say all of the above! :) You will need a good agent that understands fix and flips and how to accurately run the numbers to send you good deals and/or help you run the ARV, you're going to need a contractor (unless you are planning to GC it yourself), and I would hook up with some great wholesalers as well. A good agent though, should be able to connect you to several of the people you need!

Let me know if I can be of any assistance! 

Hi Keyana, 

I'd love to connect! I'm an investor in Tarrant County (flips and rentals), a realtor in all of DFW, and my husband and I own a residential remodeling company out of Southlake, TX. 

Please let me know how I can help you get connected in this market! it's a great one :)