All Forum Posts by: Ryan Knapp

Appreciate the straight forward-ness @Caleb Heimsoth.

In the process of saving as much as we can. 

Thanks @Andrew Postell that’s incredibly helpful and generous. Will look into all those and follow up with an email about the wholesalers!

Best, 

Ryan 
 

That’s right, I said it...Short Term Rentals, aka STRs. 

Does anyone have experience or has anyone seen success in the CA, TX, or anywhere really? 

Would love feedback on why it seems like such a dirty word. Does that seem warranted? Is it as risky and foolish and people make it seem like? Is it as rough on communities as it’s sometimes portrayed? 

Appreciate any thoughts and feedback! 

Best, 

Ryan

Thanks @Jaron Walling. Great tips. 

Single family homes in mid blue collar neighborhoods would be my hope. BRRR and flip and sell only if necessary. Otherwise B&H.

Ultimately investing in some STRs in Dallas, San Antonio, and Austin would be a long-term dream. 

Interesting that you mention San Antonio, have heard a lot of people recently talk about that location. 

Best, 

Ryan 

Thanks @Kenneth McKeown that’s great feedback. 

As of now hoping for a straight up investment. Modest appreciation (get slow rich) and some cash flow would be my hope! 

You mentioned certain areas being good for investing and others not being. 

What areas in your view would be the bets for investing and any to be more cautious in?

Best, 

Ryan

Thanks @Andrew Postell!

That’s great feedback and really appreciate your response.

Yes, finding deals seems like a lot of fun but also a journey. Eager to get that first one.

Do you happen to have any good wholesalers you could recommend? Or property managers?

Can I also ask what forums you were talking about?

Best,

Ryan

Thanks @Colton Fairchild! That’s super helpful advice.

Yes, I’ve seen that STRs are completely not allowed in Ft Worth. Not sure if that’s actually public opinion like the impression is often given or hotels being worried about losing business.

To me it’s a shame bc at the end of the day STRs are what attract the young, scrappy, business women and men who starting businesses and hemp and area thrive. Shouldn’t be the only option but a part I think.

@Colton Fairchild Do you happen to know anyone who’s seen success with STRs in Dallas or the few commercial areas they’re allowed in FW?

Best,

Ryan

Hey BP gang, 

I'm 31 years old and am looking to start my investing career. 

My wife and I live in San Diego but are looking for something to get our hands dirty with in her hometown of Fort Worth, Texas. For our first deal I'm willing to take just about anything to learn the trade. Just need to purchase for the right price then sell or buy and hold. Ultimately I'd like to BRRR and use our skill to run short term rentals in up and coming areas.

Any tips on obtaining financing in Fort Worth or investor friendly banks? Any insight into some of the best neighborhoods to invest in or where I should be looking? 

Thanks, 

Ryan

Thanks for the response @Tyler H. That’s great insight. 

Would you consider Meadowbrook to be a class C area? Are there other areas in Ft Worth that you feel like are up an coming and have a lot of potential for deals or places I should be scouting out?

Thanks again 

Ryan 

Hey Bigger Pockets gang, 

I'm looking to start long distance investing in Forth Worth TX with the ultimate goal of BRRRing to build cash flow and equity and need your help! 

Currently I don't have much but I think I can make it work - I got 7k in the bank, an 800 credit score, and I've binged about 6-8 audiobooks. 

I also run a small business for some local entrepreneurs and understand how to manage people. I take photographs professionally and understand digital marketing as well.

My wife, baby, and I live in San Diego where I was raised although my wife is originally from Texas - Fort Worth to be exact. She's a true Texan at heart and we get to visit often. After many visits I couldn't help but love the place as she does and also feel like there might be some opportunity there. We did find a place for 350k in San Diego once - come to find out it was half burned down, literally!

Forth Worth seems to be a great place to start a business and I've noticed a lot of entrepreneurial energy is there. New coffee shops, retails, businesses big and small. Lots of blue collar work and hard working, real people which I appreciate. I'm from eastern San Diego and it actually reminds me a lot of home. Prices have risen I know but they're still dirty cheap compared out here. 

Is there still opportunity in Fort Worth? Is this a market that any one has seen success in? What are some specific neighborhoods? Is Meadowbrook an area I should pay attention to? I'm looking for strong opinions and to start making connections there. 

Appreciate you folks.

Best, 

Ryan