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All Forum Posts by: Preston Dean

Preston Dean has started 20 posts and replied 666 times.

Post: investment property in DFW, TX

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

Hi @Ramya Manchu

Saginaw, Crowley, & Cleburne is how I would rank them

Post: new investor hard to find anything that breaks even after 25% down in dallas

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

HI @Ravi Kognaq

Yes I would agree with you. Not alot out there that cash flows after 25% down let alone breaks even. 

Buy real estate & wait - don't wait to buy real estate 

Post: Closing on 1st Investment Property - Best Way to Collect Rent?

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

Hi @Justin Springborn

Sounds like you finally got something. Happy for you.

1. Either of those are fine as long as you are able to provide a receipt to the tenants

2. https://www.avail.co/ This is what I used when we had our rental that I self managed. It was very user and tenant friendly. It sent them reminders about rent payment and gave me a tax form at the end of the year. Free for you to use too. Highly recommend.

Bonus answer to your bonus question: No, not necessary. Just nice to have. Create yourself a google spreadsheet and use that for your taxes.

Wish we could have gotten something together. 

Congrats. 

Post: Any experience with Avail from realtor.com?

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

Hi @Philip M.

I used Avail for my rental and it was fantastic. It gave me a 1099 tax form at the end of the year. It also sent the tenants notifications and reminders to send their payment. 

10/10

Post: New Investor, thanks and good luck!

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

HI @Versie Gaddis

Welcome to BP. 

Here is recommendation for you to find your team.

Go to the top of this page and click on AGENTS, LENDERS & PROPERTY MANAGERS

From there you will be asked a series of questions then you'll be matched with 3-5 pros in your area. 

I would suggest reading through the reviews or picking someone who has the highest amount of forum posts, that way you know they are active in RE. 

Post: looking for roofer in DFW

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

Hey @Evan Appleton

Here are two recommendations

TARRANT ROOFING (Large company) Judy Hannah with Tarrant Roofing - 817.204.7573

Robbie Harless (Single roofer) 817.368.0664

Post: Property management for STR in Dallas

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

HI @Arthur Schwartz

$50K in gross rent is absurd. I have a few PM's I can recommend for you. OR BETTER YET. Go to the top of this page and click on PROPERTY MANAGERS. There you will be asked a series of questions and you'll be matched with 3-5 PMs in your area. 

Post: Seeking Advice for New Construction Purchase

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

HI @Juliette Holm

Both of these replies are great general advice but they don't know the DFW market. There are plenty of new builds who will sell it investors. You won't get the exact same incentives but you do receive some. Example 5.5% fixed rate with 25% down - this is one in the area. Give me a call or text and I can help. 

Post: Newbie in Texas Dallas

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

HI @Mehdi Mir

Welcome to BP! Happy to have you here in Texas soon.

Might I suggest this resource as you decide what place to invest in

https://www.areavibes.com/

This is a really cool website that give you like a 30,000 foot overview of a city and can tell you the crime rate and other things. In my opinion anything with a livability score over 75+ is fantastic

Best of luck!

Post: Seeking Roofer for Eight Proprties

Preston Dean
Posted
  • Realtor
  • Fort Worth, TX
  • Posts 688
  • Votes 328

HI @Michael E Wimpfheimer

You should post this in the classifieds section on BP. Might gain more traction.

Big Company 
Judy Hannah - Tarrant Roofing 817-204-7573

Smaller Company

Garrett Seals - Lon Smith Roofing - 817-819-9937