All Forum Posts by: Sebastian Caycedo

That's why some wholesalers get their license so they can go to the property without ever meeting the agent. We've bought properties through the same agents over and over again, and I've never met them face to face. Just phone calls and emails.

Hey @Rashad Carrizales , I work with a hard money lender. PM me if you have any questions, I can't openly advertise.

Welcome @Greg Carr there is ton of info in here. Be sure to read as much as you can!

Good luck

@Jay Hinrichs I'll have to disagree in costing soo much for just one property. It makes absolute sense if we're talking about a few rental homes, and they all start developing foundation issues at the same time. Besides that with basically every home built prior to 1980 will have some foundation issues because of the clay soil here in Texas, it's a given to allocate for problems. 

Either way, with the low cost of piers here ($175 for interior and $185 for exterior) average of what we're spending on each home (avg. 1,600sq ft) is around $2,500.

On the buying end, the more foundation cracks/problems, the cheaper we can usually get it. All in all seeing it on practically every single property we come across with, every experienced investor here is used to it.

Welcome @Alan B. , Fort Worth is a hot market. We've been doing plenty of deals here in Tarrant County. There is plenty for everyone!

Good luck!

Yellow letters had the most impact when we do them. Although I've never tried white, so you could try both and see which gets the best result.

For the most part, the most popular ones are yellow.

There are many ways of buying a property. Your realtor is doing a good job.

A good wholesaler will always have good deals. Whether they come from the MLS or through their own marketing. Look at wholesalers as just another way to get a property.

Good luck!

Most people would say play it safe and buy and hold if you're out of state. A lot of people from California have been buying here in Dallas and Fort Worth. Especially hedgefunds, I've seen them buy at 83%+ sometimes, after those articles in Forbes and Money magazine came out about DFW.

If you can find the right lender, you could easily leverage your 100k to buy 5 rentals or maybe 6. 

As far as flipping goes, I would agree it would be a bit risky to do it out of state. It is very stressful and nerve racking to not be able to see what's going on. I'd suggest if your day job allows it, to work out of state for 5 months and flip a house in TN, TX, NJ, FL or the like.

@Jason Grote we do double closings every single time here in DFW. The end buyer pays for your closing and their closing. Plenty of title companies know how to do it. Also it is perfectly legal.

Main reason we do this, is to protect from title inconsistencies. If there are any liens or endorsements they'll go through us before it goes through the investors. 

You could say, most do it so that the end buyer doesn't know how much you're making. That could be true depending how you run your business. To me it's a bit shady to not disclose how much you make, but to each it's own.

Welcome @Linda Hart 

You'll find plenty of info here on BP. Like everyone else mentioned, hit up your local REI meetups. Woodhaven is a good one, as well as the local AREA meetup which are on Saturday's as well.

We also have one Tuesdays at 6:30pm on Western Center and 35W. 

Good luck!