All Forum Posts by: Sam Fowler

Hello, 

We are in search of a lawyer and CPA in the Dallas area that specializes in helping investors. This is our first rental property and we want to ensure that we have all of our ducks in a row. For the lawyer, we have specific questions around egress laws as it pertains to windows per bedroom (our rental currently only has one window that opens). 

Hi Everyone - 

I'm interested in learning about how to analyze and measuring the performance of STR's. I understand AirDNA is a tool that will give you some good data to look at. But is that the extant to the analyzing piece? Can you analyze STR's using the "rental property" BP calculator, or is that only for long term rentals? Just hoping to get a better understanding of the best way to analyze STR's and what tools I should use.

Thanks!

Hi All,

My fiancé and I live in the DFW area and are currently renting a 1 bed apartment unit. Our lease is up in Feb of 2023 and we're going back and forth on whether we should extend our lease or begin the process to search for a house. I don't currently invest in real estate, but my goal is to hopefully force some equity through a light rehab on a primary residence, and then leverage that equity to begin investing in other properties. 

Obviously there's a lot of uncertainty in the real estate market and economy as a whole right now. With all the craziness happening, would it make more sense to jump in anyway and purchase a house, to then use to buy more real estate? Or should we continue renting while saving and see what happens with interest rates and the market as a whole?

I feel like we'd have to make a decision fairly soon with our lease being up in February. Tough situation cause we'd either have to buy now, or wait another lease term (another year).

Thanks for all your insights!

What're some thoughts on the pros and cons of investing in turn key properties? Ideally, I'd like to utilize the BRRRR strategy in order get cash flow, gain equity, and pull my money back out to repeat.

Is this possible with turn key? Can you pull money out of turn key properties if you’re not rehabbing? Is turn key more convenient because you don’t have to worry about a rehab?

@Jack Martin I’ll have to check it out, thanks jack!

@Grace Wang makes sense Grace and thanks for the insight! I hear it over and over just to get started and assemble the plane on the way down. Hopefully it’ll be soon for me!

@Will Fraser great thoughts Will, thanks!

For someone who has yet to purchase their first deal, what’s more important: Assembling your core four first or obtaining a deal first?

For example: You could obtain a deal without a GC, but is it better to have one beforehand?

@Jay Hinrichs great insight! What are some other asset classes you’ve gotten into?

@Matthew Crivelli yea i can see that. If prices do end up staying relatively high as you mentioned and this becomes a new “normal”, I would imagine there’s no sense in waiting to buy an investment property. Just get in!