All Forum Posts by: Kristin Flores-Brockman

I want to purchase my sisters house as my first investment. It would be a live in rental.

I would have one bedroom to myself with access to the common areas. I would rent the house to her. She gets the master bedroom and my nephew gets the third room. She would have access to all the common areas as well.

The house is valued at $320k 'ish. I can get her to sell to me for the current mortgage balance of$150k'ish. I can leverage my WLI cash value to purchase it outside the banking system.  

The goal is to purchase it in a land trust or llc. Use it to gain some experience as a landlord and in two years leverage the equity to purchase a duplex. And of course, take advantage of the tax benefits along side my current business income.

Viability of the idea?

Pros and cons?

 Hey Kristin,

Thank you for reaching out and for the advice. House hacking a duplex would be my ideal situation, but I find it challenging to find anything available in the DFW area in my price range. Do you have any recommendations for finding these properties? I will stay in contact if I have any questions with lenders, title companies, and contractors.

Thank you so much,

Charlie

How does agent commission work now?  Haven't bought a property in awhile.

If I submit an offer, does the offer include the commission or not?  

If the seller is on a 2.5% with their agent and I'm at a 3% with my agent as a buyer, would the seller's agent ask for 3%?  Or vice versa.  

The commission can vary by agent.  I don't see the commission posted as it used to be on Redfin/Zillow.  (Am I missing something?)

What is the standard?  3% per agent, is 2.5% doable? 

Edit: For SFH

Hi everyone,

I'm currently on the hunt for reliable lenders in the DFW (Dallas-Fort Worth) area and would love any recommendations or leads you might have. Whether it's for a new home purchase, refinancing, or any other financial needs, any suggestions would be greatly appreciated.

Thanks in advance for your help!

Hi BP, I'm looking for an investor-friendly agent with experience handling VA Home Loans in the DFW area. Any recommendations?

Hey all,

I am seeking advice and mentorship on starting my real estate journey! Any response helps.

I currently am a senior in college graduating in December. I will graduate with zero debt and have around $10,000 in saving. My current internship in Dallas is going very well, and I expect to be back in the city full time in the summer of 2026. As of right now I do not have any living plans lined up for next year. Upon searching the popular areas my graduate friends suggested (Uptown, The Village, Greenville), I have determined there is no way I can justify renting a property in that range.

Funny enough, I am currently living out of a 2 bedroom condo north of Dallas (short term air bnb) for my internship with one of my college friends (we split rent). Rent is decently expensive, but whenever I booked the stay, the owner mentioned he was trying to sell the unit. The complex is gated, 10 mins from my work, and in a good location. Not to sound like I am falling in love... but after that call, the idea of buying a condo with a FHA really popped into my mind. I feel like a condo would allow me to:

1) Get experience and my foot in the door with little capital.

2) Protect me from getting wiped out by an unknown capex expense.

3) Potentially house hack.

4) Not feel bad about burning money on rent. 

I understand the two main downsides of condos being monthly fees out of your control and little appreciation. But besides that, what are y'alls opinion/concerns on me buying a condo right out of school? Grill me, shoot me straight, anything helps. 

Secondly, condo, house, anything with a mortgage... How would I go about getting approved with no income history? I have heard some lenders use school etc. I have a 750+ credit score, just zero paystubs of income (besides my internship). Is it possible to get a FHA at a good interest rate with just a good credit score and proof of my start date? My parents would also not be opposed to cosigning, but I would prefer it be all on my own.

If possible, what should the timeline be for this process? Should I get preapproved before searching to know my options? How early should I do this? 

Thanks so much for reading this. I know it was kind of a hectic post, but I am all ears and appreciative of anyone who takes the time to read this!

Charlie

I have a client looking at acquiring a property in the Dallas area. Looking for an investment friendly agent who wants a referral. Thanks!

Hey there! I'm Ashley, and I live in the DFW area. I've been diving into the world of real estate, especially the BP podcasts. I'm really excited about the potential of investing in residential multifamily properties with my dad, who's willing to contribute the initial funds.
We're currently working on getting our financial house in order, paying off debt, and building a solid nest egg. I'm also working on a Google Data Analyst certification to bring in some extra income while I'm home with our 19-month-old daughter.
I'm still pretty new to this, though, and I'm not sure where to start or if I'm on the right track. I'm hoping to connect with some experienced investors who can offer guidance and answer some questions.