All Forum Posts by: Kevin Wyn

Just bought a townhome in Hurst, TX about 4 months ago (before I started learning about REI). For those that don't know the market is crazy in DFW and it was extremely hard to buy a house. We ended up getting a new build townhome so we wouldn't have to get into any more bidding wars. Now there is potential we will be moving back to Indiana where we are originally from for a different job. I am trying to figure out if I should sell our place or rent it out and sell it in 2-3 years. The economy is very strong and a ton of businesses are moving to DFW so the housing demand will not be shrinking any time soon. Houses are appreciating very quickly, among the fastest in the nation. It is in a working class neighborhood with a good school system and centrally located So here are the numbers Rent potential 1700-1775 (1750 used below) PITI w/ HOA-1300 10%Management-175 10% Vacancy-175 6% Maintenance- 105 No cap-ex(new build and plan to sell 2-3 years) -also HOA covers yard work and building roof/structure This essentially puts me at cost and potentially even small negative cash flow. With the house already bought, selling now would be a guaranteed loss. During this time the house will appreciate and tenants will pay down the mortgage. What are your thoughts?

@Hugh Ayles - Thanks for the info. I plan on going just to see what they have to say. It can't hurt anything.

@Andy Webb - Yes, I had a feeling that Hurst could be a good area for investing. I'm excited to get started.

@Chance Housos I will be interested to see because they claim that there is no other training and that the big live event is all they offer. I have zero intention of paying for a guru.

My wife and I have recently moved to Hurst, TX and I have also recently started to learn about REI. I am very excited to learn and start my journey. I am interested in flipping houses as well as some buy and hold for long term financial benefits.

I have joined the Dallas REIA and been to 2 meeting so far. I was wondering if anyone has any input on "The Big Live Event" that comes with the membership to the REIA.

Thanks in advance.

Hello Asem. I also live in Hurst and am starting my REI journey. I have gone through the beginner course bigger pockets offers and have also started listening to the podcast. These are a good place to get started and I am learning a lot.