All Forum Posts by: Account Closed

@Robert Miller @Dustin Mathenia I’d definitely be open to meeting up for a coffee and chatting more! Sounds like a great idea.

@Marduk Mooshoolzadeh Hello! As mentioned there are plenty of ways to get started with 10K and less! Fundrise app allows you to open an account and invest in shares of real estate (also known as investment trusts or REITs), you could find a seller financing deal out there, you could look to partner with another investor to flip and or purchase a rental property. I’d recommend reading the BP beginners guide first to see what investing strategy might make the most sense for you. It’s free to download on BiggerPockets

@Alan Grobmeier yeah that’s been an issue I’ve been researching is that the majority of banks will not allow you to put less than 20% down on an investment property unless you were planning to reside there for some time as you had mentioned. I was hoping to avoid that but something I’ll certainly consider. I do agree there is obviously less risk in purchasing a turn key property versus distressed especially as a new investor.

@Alan Grobmeier definitely understand with regards to the unknown of rehabs. The other appeal to a process like BRRRR however is the ability to invest with minimal money on my end. Do you have any recommendations on financing options if i were to pursue a rent ready SFH? Just curious. Thank you!

@Jorge Gonzalez that's a great thought focusing up north a bit! My only concern is that the BRRRR strategy wouldn't necessarily work in that area due to home prices. Have you by chance had success with this particular strategy?

@Alan Grobmeier appreciation your insight. Yes this would be my first go around so you make a really valid point to search in areas that have provided consistent return. Thanks again

In looking to begin my buy & hold investment portfolio locally in the Dallas/ Fort Worth Market, I've narrowed in on several townships west of Dallas to look for distressed, single-family properties: Hurst, Euless, Bedford, Arlington, and Burleson

Ideally, looking to find investments with a 10%+ cash on cash return. With this in mind, Does anyone have additional recommendations of towns to take a look at in DFW?

Matt 

@Art Perkitny @Dan Milinazzo @Jordan Reynolds thank you for your input as well! greatly appreciated!

Appreciate the input @Jon Reed!

What are some of everyone's favorite resources to refer to when trying to determine average rent rate in a particular area?