All Forum Posts by: Ryan Flannery

@Joseph Martin Given our strategy of trying to stay within that sweet spot of rentals, it basically cancels out anything below or above that.  Which is typically the houses closer to the downtown areas, which are older as well.  We shoot for 1950 or newer.  It also cancels out the higher end houses, which is the 250k+ and above.  What areas do you like?

When you cash out refinance the 2nd property, you would pay off the HELOC unless you wanted to use it again correct?

I’m local to DFW and curious to areas you have had a negative experience?  PM if needed. 1,200-1,600 is sweet spot for DFW rentals, so I would try to stay in areas that see those rents. 

Yes, very reasonable.  Once you hand over non-refundable money, assume you are fully committed at that point.  In Texas, typically give $100 for option for 3-7 days.  

Assuming you are looking to become an agent?  I am a broker in 7 states and use The CE Shop for most of my classes.  

Buy Property A (get purchase cash from whatever source:  pocket, refinancing another property, hard money, etc.)

Rehab Property A (get rehab repair cash from whatever source)

Rent Property A (your due diligence should show you if you can cash flow after purchase/repairs)

Refinance Property A (long term loan, pay cash received from loan to whatever source you received cash from)

Repeat

Normal, but we only commit after our due diligence.  If you still need to do your due diligence, then you would probably need to put up some sort of option fee to get any deposits back within a specified time period.  

@Monique O.

Living With a Seal by Jesse Itzler

Great on audible.  Very inspiring.  

Looking for contacts in Memphis, DFW, Houston, Oklahoma City, Little Rock, Tulsa, and Saint Louis.  If anybody has a good connection, please send them my way.  Thanks in advance!