All Forum Posts by: Joe Funari

@Shi Esguerra I am a fellow investor and realtor working with other clients in and around the Dallas/Ft. Worth area. I have many years experience working with other investors on flips. Feel free to reach out to me directly if you have any questions. 

@Ram Kamb I am a fellow investor and realtor working in the Dallas/Ft. Worth area. I specifically work with fellow investors to buy and sell investment properties in the area. So very happy to share my insights to help you purchase the right investment property here in the DFW area. Look forward to hearing from you. 

@Ehud Hochman I would consider the Dallas/Ft. Worth area. Texas has landlord friendly laws, low cost of living for tenants, and low cost to purchase a SFR. A 3/2/2 in the neighborhoods you described can easily be purchased for less than $300K. I would love to help you with your search here in the DFW area.

@Brian Williams I know your working on a budget. But have considered removing one of those walls and installing a load bearing header in the ceiling so that you open up the space and install an island with a sink? Especially since this is a flip exist strategy this may be something to consider. Hope this helps. 

@Karan Shah I am helping a lot of clients purchase in Tarrant county where Ft. Worth is located But also Wise and Parker Counties. I am seeing a lot of great investment deals in these three counties. Both @Kyle Mccaw & @Michael McKinney are spot on which cities in these counties we are finding good investment deals. I will be glad to help you with your search. Hope this helps.

@Hunter Gibson I will be happy to help with your friends search in the Dallas/Ft. Worth area. I have been helping fellow investors for years buy and sell here. I would also recommend @Andrew Postell. He is a fellow investor & lender I have personally used and many of my clients over the years. Andrew will help ensure you friend gets the pre-approval needed for a multifamily unit regardless if they are occupying a unit or not. Hope this helps. 

 @Matt M. You are correct about Dallas County. Specifically, the city of Dallas, and Mesquite for that matter. I personally don't like investing in these cities because of the landlord registration requirements and occupancy inspections landlords are subject to. Which is why there are plenty of other municipalities in the Dallas/Ft Worth area that don't have landlord registration requirements.@Tip Mallick this is why it is critical you have a investor/realtor on your side helping you avoid such pitfalls when it comes to REI.

@Jarred Marrow I still suggest the Dallas/Ft. Worth area for purchasing your future investment properties. You can still find move in ready 3/2/2 SFR's for less than $300K. Yes, property taxes are high here. Because there is no state income tax. Also, strong job market and low cost of living makes the Dallas/Ft. Worth area a great market to own long term rentals. Also, a state law went into effect putting a cap on "non-exempt" properties tax increase at 20%: https://comptroller.texas.gov/taxes/property-tax/valuing-pro... So at least we get some relief on the annual valuation each year. @Alecia Loveless I would suggest you sister use a third party tax protest company if she isn't having any success. I was having success protesting them myself. But as my portfolio has grown it has become a bandwidth issue for me. So I use a company that only gets paid on the portion of the reduction they get. So they are highly motivated to push for a reduction in the tax "valuation" each year. One of the biggest mistakes I see other investors make is not protesting their taxes every year regardless of if there is an increase or not. Hope this helps. 

@Blanca Munoz @Nathan Gesner gave some great advise. Especially points #1 and #4. As you begin your REI journey knowledge, and just as important, is your network that you need to build to help you succeed. I help many beginner investors over the years buy and sell here in the Dallas/Ft. Worth area. I always direct local investors to attend local REI meetings. Great place to get an inexpensive REI education and network. DFW REI Club is a great place to start: https://dfwreiclub.com/

I also recommend any potential clients to reach out to my preferred lender & fellow investor @Andrew Postell. You can have a candid conversation with him to review your financial situation to determine Nathan Green's #2 point about getting your finances in order to be ready to purchase your next investment property regardless of your exit strategy.

I have been helping fellow investors purchase investment properties for +7 years here in the Dallas/Ft. Worth area. I am always willing to help other investors succeed and get out of the rat race. My contacts, such as Andrew Postell, become my clients contacts. Why reinvent the wheel and go with contacts that helped me succeed in my REI journey? Hope this helps.

@William Strickland I recommend to my clients to use bankrate.com PITI calcluator. Its simple and easy to adjust the numbers. https://www.bankrate.com/mortgages/mortgage-calculator/

But as @Chris Seveney suggested garage in and garage out when it comes to any calculator you use. So make sure you have accurate date. Especially when it comes to annual property taxes and annual landlord insurance policies.