All Forum Posts by: Madison Santerre

After reading all the comments, the general consensus is: any US city with a population of at least 500,000 and a stable job market. lol

@Alex Talcott I KNOW! I feel like I found a gold mine. lol. But most southern states are overlooked.

We're in the same boat. I don't know about pricing on multifamily, but SFH can go as low as 15k to more than 1 mil. Depends on the type of properties you want to invest in. I want to BRRRR SFH on the lower end of the scale, and there are PLENTY of homes in the 15k - 45k range. From my research, it seems like a good ARV is 60 - 80k depending on the size and quality of repairs.

Shreveport in general is a steady community. Population has hovered around the 200k mark for 10+ years.

Hi Bigger Pockets Family,

Can you recommend investor-friendly title companies in the DFW area? Anything from Fort Worth to Dallas and up towards McKinney.

Thank you!

@Joaquin Camarasa  Thank you!!

I recently received my real estate license and I'm interested in working with investors. What do you look for in a Realtor? Why type of valuations are you expecting them to know? Would you even consider working with a Realtor who doesn't own any investment properties?

Thank you!

I'm a new agent, so here's my opinion as a newbie.

1. Pre-licensing education is easy asf, and so is the test. If you don't pass the test, don't worry. You can take it an infinite # of times until you pass.

2. What interests you about real estate? Do you want to start a new career? Or are you looking to build a side business for passive income? You don't need your real estate license to wholesale or buy investment properties.

3. This is a business, not a job. There's no health insurance, no 401k, no salary or hourly wage. The average split for new agents is 70/30. Outside of $$, an agents success is based on personal drive, creativity, and consistency. You need discipline to wake up and work every single day without someone checking in on you.

4. On the positive side, there's hundreds of ways to make money in the industry. Of course you can sell regular homes and there's luxury properties but, you can work exclusively with investors, you can be an apartment hunter, or a property manager, you can work for home builders. You can go into commercial real estate. You can specialize in condo's, townhouses, large apartment buildings. You can be an assistant or a transaction coordinator or handle marketing. The sky is the limit. Don't let other people discourage you by saying "there's more realtors than homes." Cause 80% of realtors quit after two years. So if you're committed to the industry, you'll figure it out and your business will flourish. Remember that you're not in competition with other agents, you're in competition with yourself.

I agree with @Jared Hottle ... Wait till it's finished before taking photos, but to stay proactive you can do an all text listing on Craigslist / FB and keep it simple with something like: "Hey, I'm finishing up a Rehab in XYZ neighborhood. The property is still under construction, but I'll be ready for tours on X/X/XXXX date. Great house, has XYZ features. Rent will be $XXXX. Reach out and I can schedule you for a walk thru when it's complete" 

@Henry Murray - Toggle Quick Links, under the property valuation section, at the bottom it reads "supplemental tax estimator"

LOL. There's no hard feeling.

I always used this website: https://www.propertytax.lacoun...

This is an official LA County Gov't website, and it has an option to directly lookup a property via address or run a tax estimator.