All Forum Posts by: Joe Funari

@TJ Bardossas I can completely relate to you. I grew up in a single parent household. So I literally fought my backside off by enlisting in the US Army in order to earn college degrees. But real estate investing is the way to go. Best decision I've ever made for me and my family. I am glad I did. Suggest you work with another agent/investor like me that can help you navigate REI and avoid the pitfalls. Dallas/Ft. Worth area is a great place to invest. Much less than NYC. And landlord friendly laws are key if your looking to buy & hold. Which is what I recommend for beginner investors. Baby steps is the key. Get five deals in any one exit strategy before branching out into others. If you decide on more than one. But you need to get over analysis paralysis. You can't win unless you play. Hope this helps.

@Jamal Moore Yes, I have had many clients list wholesale deals in the MLS here in the Dallas/Ft. Worth area. We call it "wholetaling" (pronounced Hoteling). You just need to make sure that the list price of your property is well below 70% of ARV to ensure wholesalers or fellow investor end buyers will be putting forth an offer. But recommend you work with a fellow investor/realtor with regards to the listing. Hope this helps.

@Ed O. First I recommend you change the bank you do business with. Find a true community bank to move your business to. If your exit strategy is Long Term Rentals (LTR) eventually you will have to go to commercial loans to acquire your properties. The FDIC has a search for true "community" banks: https://www.fdic.gov/resources/community-banking/search/cbi-...

Keep in mind there are rules these banks must follow in order to qualify as a true "community" bank. You can do an internet search as to what they are. But suffice to say any major bank, such as BOA, or credit unions I recommend you avoid. Now I can't speak for verifying funds, etc. But now you have some additional questions to ask the community banks that you interview to move your business too. Also, if you let us know where in MO you can ask for community bank recommendations in your area. I work in the Dallas/Ft. Worth area and can recommend one here that has been phenomenal to work with. Hope this helps. 

@Victor Nguyen Moving forward when you post on BP please let us know what area you are interested in investing. That way you get specific advise from fellow investors in your area. For example, here in the Dallas/Ft. Worth area Single Family Residents (SFR) are easier to come by than multifamily properties. Thus, based on my experience you tend to overpay for multifamily properties versus SFR's. But I ensure to run the sold and rent comps for my fellow investor clients so that they can determine cash flow. I personally own both here in the DFW area. So depending on how good the numbers are and if seller accepts my clients aggressive offers play heavily into the strategy. I can only suggest you can't win unless you play. Which means putting forth as many offers as you can to get the right deal accepted. Hope this helps.

@Atuli Papuashvili Let us know what market your interested in to help you narrow your search. Also, recommend you look to BP Realtor look up tool as well. Those of us have been vetted and work with fellow investors. I am a realtor/investor working in the Dallas/Ft. Worth area. For example, I have many years experience working with other investors on flip properties. This is the kind of experience that realtors you will find on BP. Hope this helps. 

@Lisa Rechsteiner The reality is us investor/realtors don't have limitless capital to buy every deal we come across. Personally, I want my fellow investor clients to succeed as well. So I always put them first when I come across deals. Because I come from an "abundance" mindset that when I have the capital to purchase another investment property one will come along. You simply have to have trust in the agent you plan to work with. If they are good at what they do they will put you first. Because they want the repeat business and referrals from your friends and family. It should be a long term relationship and not one property and done. Hope this helps.

@Jon Young What are you looking to spend in these cities your interested in? Because if your house hacking I recommend you purchase a 3 bed, 2 bath, 2 car garage. Its the most common build regardless of city your looking. And easier to obtain both sold and rent comps once you finish the house hack and move onto the next one. You will spend a lot more for these three cities. I would recommend you expand your search area as well depending on your budget. I will be happy to help with your search too. I can also recommend a fellow investor/lender and a hard money lender too depending on your exit strategy. Hope this helps. 

@Brandon Smith I recommend you reach out to @Kyle Mccaw owner of McCaw Property Management. They have managed all my rentals in Ft. Worth for many years. Great team and service. https://mccawpropertymanagement.com/ Hope this helps. 

@Shivam Patel Starting out I recommend long term SFR rentals. Specifically 3 bedroom, 2 bath, 2 car garage (3/2/2). Reason is its the common build in the US. This is important when running sold and rent comps. You will have better data to make the decisions. MFH isn't impossible. But takes more time to acquire. I have been very successful in helping other investors buy both. Just need a little more patience in getting a MFH. Hope this helps you in your search.

@John Squares I would recommend you reach out to a BP approved realtor that works in the Houston area. They will not only provide all the data that Connected Investors charges you for free. But they will give you even more valuable advise where to actually invest in the Houston area based on their years of experience. Save your money to purchase more real estate. Fellow investor/realtors are very helpful to you and your REI strategy. Hope this helps.