All Forum Posts by: Richard Helppie-Schmieder

@Gabriel Lopez this is awesome to hear man! Taking the first steps. Have you been pre-approved for a loan or are you capitalized enough to purchase a home cash? I have been investing in DFW for 10 years as a buy and hold investor. I have found about 50% of my holds on Zillow (yes they cashflow, some as much as $1,000/month), 30% off market direct to seller through established relationships with them, 20% from pocket listing of realtors and about 10% from wholesalers. Yes that is 110% because every day I give 110% lol.

Find a real estate litigator. Remember winning is easy, collecting is difficult. It may be best to chalk it up as a learning experience and move on. Never pay a contractor any type of deposit until services are rendered (with the exception of windows due to materials unable to be returned and they are size specific).

Hey @John Dean, were the permits green tagged for rough-in? Or just opened and nothing ever inspected. There are big cost differences for these.

@Eric Inigo I think their concept can be effective if there are enough people to fill their vacancy. As long as you are getting market rent or better and have great options to terminate contracts as needed in case they fill with bad tenants, poor management of your property, etc. it seems like a viable option for passive investing. You can most definitely make more by doing on your own, but their model of getting room mates together in a house who don't know each other seems like a management horror story to me. Do you have a specific property in mind that you own and are referring to for their services? Maybe I can add some insight if you do on the specific area and my investment strategy.

 Short-term or long-term PM? 

@William Hughes If you have the extra cash laying around, go for it! This area is hot, I just picked up a SFH over here, but I think there are plenty of other investment opportunities out there that have better returns than this. But again, if you need to park a few million bucks somewhere, go for it, and let me know when you buy it so I c an check it out!

@Cillora Hicks First off congrats on taking this first step! It can definitely change the trajectory of your life. If you are able to skip the hard-money route and find a home that has value where others aren't looking, that could be a viable option for you as well. For instance, I just had some friends buy their first home with 5% down and it had a detached garage apartment in the back over in Casa Linda. They are going to get every dollar they put in back in year one. I suppose my encouragement for you is to think outside the box. In my opinion, hard money is a too expensive and with prim rates below 3% right now you can find much much cheaper money out there. Feel free to PM me with any questions you have. I love helping local DFW investors where I can. 

@Chris M. Geiger They're everywhere. Would love to learn a little bit more about your criteria. Are you local to DFW looking for an investment home? Is this your first home purchase looking to house hack? Is your financing in order? Are you in research mode? I would love to help out where I can, but would love to know where you are at in your real estate investing career.

@Mary Gansallo Combination, but mostly remote. We prefer someone within DFW at minimum for relational purposes and training as needed.

Hey yall! 

My business partner and I are looking for some PT help in the Dallas area. We buy and hold properties as well as run a construction business and need someone to take extreme ownership in the technology side of it. The goal is to drum up sales on the construction side as well as create an informative website on our real estate investment firm that we can share with clients. No web development needed, but someone that is organized and a problem solver. Please DM me if you or someone you know would like to work with a couple of local Dallas guys and learn about real estate investing along the way.