All Forum Posts by: Katrina B.

@Brian Gerlach That’s definitely an option. Thanks for the suggestion.

I found a townhouse that will cash flow right under $200/month that I'm thinking about putting in an offer on. Do any of you have townhomes in your portfolio? I've seen where some stay away from them because the HOA eats away at the monthly profit.

@Arsen Atanasovski Hi Arsen. I’ve started to look in other areas. I think I will begin that route. As you mentioned above, once I build my network, it’ll be easier. How do I find wholesalers in Louisiana and Texas?

@Jill F. Hi there! Thanks for taking the time to respond.

@Salvatore Lentini I'm new to Bigger Pockets and would love more info about off the market deals as I'm running to dead ends on the MLS. Can you pm me about ways to find off market deals?

DALLAS BIGGER POCKETERS - 

New investor here 👋🏽...I'd like to hear experiences from those that have built their portfolios the traditional way - finding a good deal, putting the required 15-20% down and renting it. I've had no success in finding good BRRRRdeals or flips as most experienced investors have gotten first dibs. Although it will take a longer time to build my portfolio this way, I'm fine with going this route for my first few properties.  Dallas market is tough! 

I read a post yesterday where a lady indicated that was her process because of the competition in her city. People on the post frowned upon it because “it would take years” to recoup her down payment. I understand the trend now is BRRRRs and not paying your own money but that may be the only way to get some skin in the game.

Please share your experiences of going this way. How long did it take to build your portfolio and how long did it take to gain profit?

Thanks for the feedback guys! 

Hi there fellow newbies! Tomorrow isn’t good for me. Will there be another? 

Hi @Maayan Lev Ari and welcome! I, too, am in the Dallas area and new to investing. Good luck. Dallas is tough! 

Hi @Randall E Collins. I’m in the Dallas area as well. I’d like to hear more. Can you send me a pm?