All Forum Posts by: Kelly Smith

There are a plethora of great networking events almost any night of the week every month in DFW and would be a great way to network for deals.  There are also some FB pages directed solely for wholesaling.  

Welcome and good luck!

What is the exit strategy with your cash out?  I'm happy to see if we can help.

Good afternoon Michael, I have not heard negative feedback about the group but how are you considering being involved with them?  There is a plethora of free networking events and almost all have an education component that may be beneficial to you.  

Is it always 3rd Tues of month?

I highly recommend Micah Autry with Emerge Real Estate.  Great service, pricing, etc.  He almost exclusively focuses on property management (and property tax protests).   Message me and I"m happy to send over his information.  

The housing market has already reacted and slowed a little - pricing has decreased only ever so slightly and days on market has increased barely.  Higher interest rates - even if they raise a point we are still record lows.  The big different this go around with the oil concerns is Houston is more diversified not only in industry but it is the number two city in Texas with people moving there every day. 

Here's a good article among many I've read and shared on my FB page -

http://communityimpact.com/houston/news/2016/01/13/long-term-oil-slump-hinders-houston-area-economy/

I'm a hard money lender and short sales are sometimes quick/smooth, however i have worked others that are not remotely.  Short sales can drag out 30 days (I've not closed one in our typical 7-10 day timeframe) and the agreed upon price has been renegotiated when the property appraises higher than the bank believed it was worth.  

Like all investment real estate transactions - you don't know until you get in there.  If the deal is 'sweet' enough than chase it because it could be worth your while when other investors walk from deals like this.  If you don't mind my asking - why is time worrisome?

Good afternoon Mike, 

It could be the way their money is sourced but typically if you open a Texas based entity that should get you around the problem?

You're in luck, Anthony.  Another BP DFW member was asking about meetups - there are a ton in DFW to learn and network!  Good luck!

Welcome!  Great time to jump into the market.