All Forum Posts by: Krystle Padilla

@Jason Jones 

That's exactly what it came down to, we felt Denton would rent better too compared to the purchase price of a home. Plus, the school's program is better for my education. 

Thank you everyone for your responses! Keep adding comments if you think there's something else I've missed. For us, since we're starting out Denton would be the better city. Richardson, and the cities north of them are good areas (and with beautiful, good communities), but our money will stretch much further in Denton. Plus, that doesn't mean that we can't invest in the North Dallas area later on. 

@Alberto Camacho

That's not good to hear, but I'm not surprised because the inventory for Denton and Plano are very low.

@Lance Wakefield

Do you think that students would be willing to commute 15 minutes to get to college? Or would that only work if a house is between one or both of the colleges?

@Account Closed

That's good to know, are international students restricted to living on-campus?

Hello all,

I'm active duty currently living in San Diego, CA with my husband. At the end of this year, we're planning on buying in either Denton or Plano (or Richardson) due to the location of UNT and University of Texas at Dallas. We're psyched to begin our REI through BRRR and flipping but here's the problem: we've never been to Texas!

So here's my question: which is a better market for real estate, Plano (area) or Denton? 

We've looked on Area Vibes, Yelp, Googled both cities, Realtor.com, talked to many people from Texas and from the Dallas area but nothing beats talking to investors from the area. 

What can we expect? Which cities do you prefer? Which neighborhoods are the best?

Krystle

@Ron Woods

Than you Ron I'm glad to be a part of the community.

Krystle

@ Dan Heusche

We are exploring all of our options but generally want to go the BRRR method. Eventually we will purchase our first REI in Denton, Texas but in the meantime we're doing our research and want to be involved. Multi-family residences mixed with single family homes is what our goal is.

How do you ususally differentiate between price point and list point? I'm confident that when were with an agent we'll know wht market value is versus the list price, but what factors go into it?

Good point with cap expenses. We've been able to figure them out alot easier with single family homes, but multi-family homes we're still trying to figure that out (because we're pretty sure our first home will be a single family).

@Marlon Wilson

Thank you!

@Brandon Heath

Thanks Brandon! I agree renting is the worst, nothing like paying it each month and seeing your money go to nothing. Have you and your wife been able to find a good deal yet? I'll definitely check that out, thank you!

@Jesse Peña

That's awesome, thank you for those links I'll check them out. I've noticed how excited and involved people are in this community and that makes this site perfect for starting up.

@John Arendsen

Hi John,

Thank you for the warm welcome, ever since I've been to this site I feel incredibly comfortable. It's like taking a breath of fresh air to be surrounded by like-minded people.

@Laura Thorne

Thank you :) They may be the best route for you too especially to be able to get the price lower. Getting your first duplex sounds very exciting, good luck!

@Matthew Deines

Escondido is a nice community with many options for people. So many people are scared of the transition, but I'm lucky to have been blessed with a great partner in crime who has the same drive to be successful. Thank you Matthew!

@James Gorman IV

Thanks for those tips, so far we've been looking more at the expenses that come with buying but that's a good point we need to look at too. Also, I haven't heard of Net Prevent Value but if it deals with emotion I think I may know where that comes into play.

@Kevin Gauthier

Hi Kevin, it's good to know there's other service members in the same boat as us (no pun intended). That's great, how close are you to purchasing your first property? My contract ends May 2017 and we thought that timeline was a little tight, but if you got a HML and the flip was successful, I can see that happening. Let me know how your progress goes I'd love to hear!

@Jonathan J. Miller

Thank you Jonathan

Hello Victoria,

Thank you for the kind words.  How do you know that you've found a good real estate agent? I think we've found one in a town we're looking to invest in but since it's long distance it's difficult to tell. So far he generates generic emails regulary which I don't think is a bad thing, and if I have a question he's honest and helpful with his answer. From what we see he seems very proactive. I'm worried that we're going to end up with a dead-beat agent because a close friend chose the wrong one and their agent ended up being incredibly lazy and they had to take their house off the market.

Krystle

Thank you! I'm excited to get started

Hi all,

My name is Krystle, I'm a real estate newbie with absolutely no real estate assets: no house, no condo, no anything. In a matter of fact, my husband and I are renters. However, my husband and I are active duty military and we're transitioning out to civilian life and are diving into the exciting world of REI. So far we're saving up and educating ourselves as much as we can to be able to purchase our first investment property (which will also be our first home).

Pleased to meet everyone, I've already begun scavenging the forum for good ideas on getting started. If you've got tips for a couple of newcomers, we'd love to hear whatever you've got. 

Krystle