All Forum Posts by: Matt Agnew

in the process of buying an investment property. which areas are better for long term investment in fort worth area? contemplating between Saginaw, Crowley and Cleburne.

Hello

I am knowledgeable in those areas and I live in Crowley.

I would rank

#1 Saginaw

#2 Crowley

# 3 Cleburne

feel free to message me for more information.

Is there a reason you would rank Saginaw highest of those and do you think the closer you get to the grapevine area your roi would be better?

0 Votes

Dallas, Texas

Accounting to the San Antonio Board of Realtors:

For the week of March 17th- March 23rd

Average sales Price: $369,818

Number of Homes Sold: 415

Median Sales Price: $300,000

In your opinion what would this be an indication of as far as the market goes? A lot of new developments are in the works in San Antonio and I'm starting to monitor what that will do to the market and will keep everyone updated! Let's connect!

2 Votes

San Antonio, Texas

Quote from @Ryan Brooks:

Hello, I have experience doing a few whole house renovations for houses I lived in (some later turned into rentals) and one that I bought from a relative but now am looking to acquire another property in San Antonio to fix up. I am confident in my ability to walk the property and estimate repairs, the part I'm not certain of is finding the best deals, I have looked into buying from wholesalers a bit but the process is more confusing than working with a realtor to find deals on the MLS. I figure buying from a wholesaler is probably going to give me a better deal but I wasn't sure how much of a better deal. Would appreciate any insight on this, I see some houses on the MLS where it seems I could get them to likely go lower so not sure if focusing my efforts on this is more worthwhile or if I should look more into buying from a wholesaler given that I am only buying one house at this time.

thank you

Yeah, since you’re only buying one house right now, I’d say it’s worth looking at both.

Wholesalers can have better deals, but the process is kinda sketchy if you're not working with a good one. You gotta double-check their numbers because some inflate ARV/repair costs. Plus, there's not much room to negotiate—what they say is usually what you pay. But you avoid MLS bidding wars and can close faster.

MLS is way easier to navigate, and you can negotiate with motivated sellers (look for price drops, long days on market, estate sales, etc.). The downside is more competition and usually not as big of a discount as wholesaler deals.

If you want the best price and can move fast, wholesaling might be worth diving into. If you want an easier process and more control, MLS is the safer bet. Might be worth networking with a few wholesalers and seeing what they offer—worst case, you just pass on their deals.

I could help you connect with some LEGIT whoelsalers. That's the key!

0 Votes

San Antonio, Texas

Hey BiggerPockets! I'm Matt, founder of Matte Black Consulting Co. in Texas & I've partnered with TAG TEAM Property Solutions to grow our real estate portfolio and looking for other investors to partner with on cash-flowing and value-add deals.

We've done over 80 transactions and looking to expand to Austin, Houston, & Dallas this year!

✅ Consistent Access to Off-market opportunities
✅ Strong returns & passive income
✅ Hands-off investing— we do the work!

Looking for private lenders, equity partners, and co-investors ready to build wealth together. Let’s connect! 📩 Drop a comment or DM me.

#RealEstateInvesting #PassiveIncome #TexasRealEstate

0 Votes

San Antonio, Texas

Quote from @Nicholas L.:

@Jordan Deaver

if you buy a property for 120 and rehab for 25 and the ARV is 200, you can then do a cash out refinance, and get 70-75% of the ARV out. so, that's 140-150. there are also lots of fees... these often get overlooked, but they are non-trivial. on a cash out refi they could be 5-15K, so that comes out of the proceeds. new investors are always surprised by the fees...

and again, what is a "cash out refinance"? it's just a loan. a new loan. so, if you paid all in cash for the property, you're paying yourself back. if you borrowed to buy it, you're paying the first lender back.

note: if your ARV were 200 and you only found a lender willing to do 70%, with 10k closing costs, you'd only get 140 - 10 = 130k out, and you would have "money left in the deal," as they say.

and, this is easier said than done. typically a distressed property is going to need more than a 25K rehab to double its value. BRRRRs aren't growing on trees right now.

make sense?

finally, worth losing cash flow to get your capital back? that's up to you. in my book yes but YMMV.

Love this info! Could you break down what the "lots of fee's" consists of. I'm aware of realtor fee's. interest, insurance etc but I still feel like I might be under estimating based on stories I've heard

0 Votes

Why Wholesaling Real Estate is the Perfect Opportunity for Investors Looking for Off-Market Deals

If you're an investor looking for below-market properties with built-in equity, wholesaling might be the best source for your next deal. As a real estate wholesaler, I specialize in finding deeply discounted properties and passing those opportunities to serious buyers looking to fix and flip or build their rental portfolios.

What Makes Wholesale Deals So Attractive?

Off-Market Properties – Many wholesale deals are sourced before they ever hit the MLS, meaning less competition from traditional buyers.
Discounted Prices – Since wholesalers negotiate directly with motivated sellers, investors can acquire properties well below retail value.
Fast & Easy Transactions – With a well-structured wholesale deal, you get a property at a great price without the hassle of extensive negotiations or marketing.

Looking for Your Next Deal?

I consistently come across off-market properties that I assign to cash buyers, flippers, and buy-and-hold investors. If you're interested in getting access to exclusive deals before they go public, let's connect!

0 Votes

San Antonio, Texas

Quote from @Jace Perry:

Please send me what you have in Austin.

Will do!

0 Votes

Perfect will do!

0 Votes

I am looking to help some parters off load some of their off market investment properties in San Antonio and Austin! If you are an investor and looking for your next project let's connect!

Reasons for off load:

Contractors are spread thin and want to finish current projects before taking on the new ones!

0 Votes

Quote from @Jaron Walling:

@Matt Agnew Flip one of the units with quality stuff, knock out big ticket items, and then list the property as the a value-add opportunity. The second unit is an "unrenovated blank canvas" perfect for anyone looking to "house-hack and reduce living expenses."

Think about your end buyer. Remodel accordingly.

Wow this is great advice Jaron I appreciate that. This is actually the strategy I think I'm going to go with about to deep dive into some research and I'll reach out to pick your brain about what I come up with! Thanks!

0 Votes

San Antonio, Texas

All Forum Posts by: Matt Agnew

Matt Agnew has started 10 posts and replied 21 times.

Post: investment property in DFW, TX

Post: Market breakdown San Antonio TX

Post: Is it worth looking into wholesale or not, doing renovation to rent house out after

Post: Investors, Realtor, Wholesalers & Lenders! Let's connect.

Post: Explain BRRR math in detail

Post: Before I did my first investment I wholesaled about 20 DEALS!

What Makes Wholesale Deals So Attractive?

Looking for Your Next Deal?

Post: Looking to offload 5 off market investment properties in San Antonio

Post: Looking to offload 5 off market investment properties in San Antonio

Post: Looking to offload 5 off market investment properties in San Antonio

Post: What's your strategy for Fix & Flipping DUPLEXES?