All Forum Posts by: Kristin Flores-Brockman

Howdy! My name is  Alec and I'm aspiring to buy and rent out my first house in 2025. I have no debt, a good stable job making about $60k+ gross, and $20k saved up with about $10k in my 401k that I'm thinking about using some if not all of it towards the closing costs of the home I want to buy. I'm looking to connect and meet new people that could share their own investing experiences with me! Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me. I would love to know what you guys would do in order to get this process started if you we're in my shoes.

Thanks in advance! 

Hey you guys would love your advice below!

I am graduating college next December and am moving to Dallas to work full time. My brother currently lives in Dallas and pays an arm and a leg to rent an apartment (He is married so cant house hack). To me it does not seem worth it and would love to hop into real estate right out of school rather than pay crazy rent. Because of this, I have been running the numbers on many properties and doing my research in the Dallas area. I am from Dallas so I am familiar what areas would be considered "ideal". After my internship this summer I will have about 20k in the bank. 

However, upon research I have discovered it is really hard to find cash flowing HOUSES in good areas in my price range. 

What are your thoughts on condos as a first investment? I am finding some that are below 200k that are not that bad in condition. Are condos are good way to get your foot in the door? In my mind a condo will provide me:

-CAPEX is controlled by HOA (I only have to pay, not dedicate time)

-Low down payment

-Cheap financing payment

I plan to live there for 3-5 years and after could expect a NIAF around ($200). Is that really that bad if I will be getting equity and plan to live there for 3-5 years? Assuming rents will increase surely it will cash flow at some point correct? Also I know HOA fees can be outlandish.

Or, would you guys recommend me keeping my money in my pocket, getting a cheap apartment my first year of work, and watching for a 300-400k HOUSE while saving?

Clearly there is a lot of competition in the Dallas market. Do you guys think there is an option to find a property in my price range that will cash flow in a good part of town? I could also look at suburbs to find better deals. 

Thanks for input,

Charlie

Hi there! I'm selling a turnkey rental that I own in Irving, TX (75062). It was recently renovated (see photos here) and it has tenants in place paying $2500/mo until 8/1/2025. 

Asking price will be $335K - $350K. PM for more info!

One of the lease for a rental is about to expire and would like to change from single family to rent by the room and try, to market for regular leasing we normally go to Zillow and advertise for free, but for rent by the room not sure which of all the sites out there will be the best option(s), some of them are for free, majority pay a monthly or anual subscription ($99 to $200).

Do you have any guidance on which to select? I have placed on all the free sites and start getting requests but is slow, any ideas or experience on which works the best?

Thanks, Manuel

I just wanted to share a recent project that I've just wrapped up.  This is a ~10-acre subdivision in a Dallas-Fort Worth suburb.  It is complete with 18-lots, roughly 0.3-0.5 acre lots.  I was the civil engineer (not the developer or homebuilder on this project). 

This project started in 2017.  The project required rezoning and platting before we got to design. The engineering included public roads, public water, public sewer, and a site lift station. The developer sold the lots to a homebuilder, and I worked with the homebuilder to assist with each individual lot being permitted. Construction of homes began in early 2022.

In my experience, my commercial sites move along a much faster timeline, but this one was exciting to finally see a completed product. 

Hi everyone. Like many of us, I'm now struggling finding an insurance company or a broker that will help me insure 2 sfrs. My current company is AllState, and they increased their rates by 100%, so I'm looking elsewhere. However, every company I find either doesn't insure non-owner occupied units or is extremely expensive. I'm looking at recommendations on what to do here specific to this area. Thanks all! 

Hello BP Community!

 We are looking to partner with a real estate agent in the DFW area who has experience with the Buy and Hold strategy and wants to work with us over the long term.

We’re focused on building a portfolio of rental properties and want an agent who can help us find great deals, advise us through the process, and grow with us over time.

If you’re an agent or you knoe someone who is passionate about helping investors succeed and is looking for a long-term partnership, please feel free to reach out! 

We’re excited to find the right person to work with.

Hello, I am Chinelo Ononye born and raised in Atlanta, my home is Chicago but planning my move to Dallas. I began my real estate investment journey in 2020 by purchasing my first property. Now, my focus is on building a strong portfolio, deepening my industry knowledge, and creating generational wealth through strategic investments.