All Forum Posts by: Rob Lee

While most will recover and move on, those individuals without the financial resources to make the necessary repairs might be motivated to sell. At the same time, more damaged homes equals a greater reduction in inventory. Lower inventory would further drive up housing costs. I don't foresee many deals for those in the under $300k price range.

Rob

The DFW market is very competitive right now. Check out Neighborhood Scout and Area Vibes.

Rob

Congratulations on finding BP! The DFW area has exploded over the last 5-7 years! In 2013 the price point for a property in a nice neighborhood was $150K. Not sure where you can purchase a SFH in DFW for $100K. You may want to check out Zillow and Realtor.com in order to get a feel for the current market.

That's AWESOME Mickey! Congratulations!

In addition to what has been shared by others, interview multiple brokers. All brokers are not equal. Your fees help fund the office. There are brokers who use volunteers to avoid paying for staff. There are also brokers who put the money into the business to create good agents.  Find an office that has paid contract staff to support you. Someone should always be available to answer your questions. It's important that you are open to continuous learning. Request a copy of the education calendar 2 months out. Sold by David Greene is excellent. Read it or listen via Audible.

As homeowners and investors, my wife and I love DFW! The DFW market has exploded over the last 5-7 years. There are always opportunities for those who recognize them quickly and have realistic expectations. 

The DFW and Dallas Love Field airports make it easy to get just about anywhere. The overall economy is strong with great industry diversity. Our high property taxes pay for excellent public schools in the suburbs. Also, there's no shortage of restaurants and shopping. I share this because renters and buyers often have similar criteria. Hope this helps.

Rob

Hi Mark,

For investors who intend to buy more than one property, a relationship is preferred. You will find that larger banks and online lenders tend to have a fairly high turnover making it difficult to form long-term relationships. It can also be the case that lenders offer better rates when their closing timeframe extends to 45 days rather than the standard 30. Hope this helps.

Rob

Hi Stuart,

Most of the communities with HOAs in the DFW metroplex do not allow short term rentals. Prime locations for short term rentals would be those areas with restaurants and entertainment within walking distance. North of Dallas you might consider something in the Shops at Legacy area. In Dallas, Uptown and the SMU community are very popular. DFW draws a lot of business travelers in need of short term rentals. We have seen the rates for short term rentals go up across the metroplex. 

Best of Luck,

 Congrats on finding BP! Welcome to the community.

BP does offer calculators for paid members. If you are not prepared to become a paid member you might be able to find online calculators. You may also want to try Microsoft templates. There's probably a spreadsheet you can modify. No need to start from scratch.