All Forum Posts by: Onan Dumas

@Anandhu Jayan

Option 3 hands down.

There are many ways to automate it, something that an arbritage person is going to do anyway and charge you for it. There are a lot smarter people than me on here that have given great advice in other forums on how to turn it into a well oiled machine. Also you’ll be in Ft Worth so just a few hours drive away in any real emergency, which someone local can still handle for you.

@Jay Hinrichs

I'm mostly kidding. My uncle was, and still is, and agent back in the day and I remember those old books he had when I was a kid. That was your MLS back then...

@Jay Hinrichs

I heard about those...also around the same time a thing called MAPSCO’s were used, no?

@Ben Morand

Did you happen to stumble across the conversation where we told those people to run far from it?

Rowlett local here, and I have to say I concur with the above statement. I lived in Garland for 12 years and one of my Airbnb's is in Garland so it will always be special to me but as far as growth goes there is nothing special that makes it stand out above its neighbors. You could possibly do well in the Firewheel area of Garland which is close the a large outdoor shopping mall/movie theatre/bars but other than that it just doesn't appreciate well enough for me to invest in. You would do better off looking at places like Wylie and Sachse that are seeing a huge growth right now and south of the Metroplex in areas such as Waxahachie, Midlothian etc which are also seeing a huge housing boom. 

If you want to hit some of the outer suburbs areas such as Royse City, Fate in the northeast and Crandall/Kaufman in the Southeast part of DFW. I'd stay away from anything West as far as entry level goes. Most of that has been developed, overdeveloped, and developed some more.

What he said above...not much more else to say. Good luck!

@Julianne Paragas

The difference in rate between a cash out refinance and a HELOC was just not worth me doing a cash out refinance, so I went with the HELOC. My HELOC has been a God send. I've used it to purchase properties and refinanced my cash back out of them, but I've also used it for personal business purposes as well. There were no closing costs which was also a huge win. I've also liked that when I have not been using the funds I don't of any interest whereas in a cash out refinance you've just refinanced your entire mortgage and are locked in on paying your interest until the mortgage is paid off. Of course I've done cash outs as well, but as far as my primary residence goes I definitely have been happier with a HELOC.

@Michael Baum

What he was looking for was people to tell him what a great idea he had and to basically tell him what he wants to hear. When he didn’t get that it seemed he went all defensive mode. We’re just trying to help but we are people with no “experience” apparently.

@Tala Alapai-Ahonima

LOL is this thread for real? This kid almost as bad as the bots in YouTube threads recommending some random investor and all the bots respond how awesome that investor has been to them as well.

@Duncan Hayes

You came asking for advice on investing, passive investing. People are giving you advice on the best way to start and arbitrage is not one of them. You seem to have your mind made up so I’m not sure if you came to learn or if you came to get confirmed of what you want to do. I’ll give the same advice as others have. If you want to invest then you need to buy and own your own properties that produce income for you. If you want another JOB like wholesaling then go ahead and try arbitrage but understand that what you are doing is just another job, a risky one at that.

I personally shudder when I hear the words arbritrage, and have seen people call themselves investors when they own none of it. Kind of a skewed sense of investing if that’s what you think it is.