All Forum Posts by: Preston Dean

HI @Eric Andersen

I have had some past clients who now have STR/MTR Airbnb's in Fort Worth. They are strategic on how the list the Airbnb.

I'm fairly certain that FW doesn't allow STR so they have the minimum listing date be 30 days

Love seeing a fellow FW investor on here. 

Best of Luck!

HI @Alexander Dombeck

Welcome to BP!

I would suggest leasing a commercial space for your business first before you go straight to purchasing a space. Doing this will allow you to see if it's even beneficial to have a brick and mortar storefront. And then if it is, great! Look to buy one after that

Hi @James Dugan

Welcome to Bigger Pockets!

maybe @Andrew Postell can help you with that question!

HI @Puneet Mahi

Welcome to BP! 

I am not a PM but live here in the Fort Worth area. I have a solid PM company I have worked with for years but always looking to connect with more!

HI @Lauren Cartmell

I just sent you a connection request! 

Would love the opportunity to help 

HI @Rachel Seymour-Newton

I would 100% wait the 8 months a buy a quad plex with only 5% down! Save the cash!

Then after you have a few months under your belt go again and buy a straight 20%-25% investment property 

Hi @Andre Galaviz

Luckily you came to the right location for that kind of question! 

Check out this bigger pockets link below for that question. 

https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide

Hi @Toby Fellows

The short answer is yes. In order to be an active RE you have to hang you license with a broker SOMEWHERE. This could be a single person who has their brokers license or a larger brokerage like Keller Williams. Think of it like a teacher who has passed their classes to be a teacher. They are not technically a teacher until they can work at a school. And the same goes for you trying to get your RE license. You technically can't preform any RE related actions until your license is with a broker. 

2. You can't act as your own RE because you are not a broker. Any transactions you will do as a realtor you will be doing them on BEHALF of your broker not you as the realtor. 

I would simply hang your license with a transactional brokerage where you only pay per transaction. 

Here to help!

If you have any questions feel free to reach out!

HI @Sufyan Minhas

I can only speak for Texas but I recently had a client try and sell his condo after 19 years and the HOA killed the deal. And he still hasn't bee able to sell it... The HOA doesn't have the 10% minimum in their reserves account (savings account) and Freddie Mac won't lend on it.

So I would just proceed with caution if you are looking to buy a condo with an HOA!

HI @Jake Kazmierski

I would suggest saving a certian % you fee comfortable with and then put the rest into a high yield savings account. A HYSA is a type of savings account that offers higher interest compared to traditional savings accounts!

Your local credit union or bank should be able to help you with that