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All Forum Posts by: Simon Cox

Simon Cox has started 22 posts and replied 172 times.

Post: Seeking advise on the DFW market, specifically Arlington TX

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Abigail T.

I was born and raise in southeast Arlington so of course I think it's a great place to live! Houses rent easily in that area and it's been steadily expanding for years. SE Arlington is a great access point to the metroplex; very close to anything you could need but a little bit removed from the business. The neighborhoods just keep on growing and there's new developments going in all over the place. They are working on extending SH360 farther south (which they've been doing forever) which is causing a lot more suburban areas to go up and a lot of businesses will be popping up too.
Hope this helps, have a great visit to the area, I think you'll love it!

Post: My first deal analysis, please critique (Dallas)

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Brian D. 

I have to agree with the opinion at large here that the 1% return on your money just isn't worth it. You can do better than that!

I would say there's enough deals in the DFW where you can bypass the turnkey properties and find yourself a better deal. There are also plenty of deals under retail if you look in the right spot. Networking is a great option to find deals. I could also recommend a great agent in DFW who works with investors alot. 

Also for the rent amount, I would gather rates from a number of different places to be a little more accurate. Talking to property management companies and looking at comparable properties are a great way to get a more precise number!

Let me know if you'd be interested in talking to my agent!

Hope this helps, good lucks!

Post: Newbie from Frisco, Texas

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Sreedharan Ramachandran 

Welcome to BP! I'm a newbie myself just getting started and have found the information and networking opportunities on the site to be invaluable.

Best of luck jumping in!

Post: New to the Game and Energized About LT Prospects

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Jesse Weaver Welcome to BP!  

I would highly recommend The Book on Rental Property Investing by Brandon Turner.

It's an awesome guide to just about every step of the buy-n-hold process!

Best of luck!

Post: Need Real Estate Attorney in DFW

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Jon Armbrust

Johnny L Collins II is a friend of a friend who has a title company and does great work from what I hear. 

Community National Title, CNatTitle.com 

David Kane is a friend of the same friend. I spoke with him last week and he was very helpful with all the questions I had.

PM me if you would like their office #'s I can't post them here!

:D Best of luck!

Post: Brand new from DFW area and eager to learn!

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Shaun Wraley Welcome to BP! I just finished that book myself, it's an awesome read. It looks like you and I have the same goals! 

Best of luck and have fun learning!

Post: What is the best way to find a wholesale deal in DFW?

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Jon Villa

If you think direct mail is the way you want to go, you might want to speak with @Jerry Puckett. He has a great marketing website that helps with the whole process as well as coaching options available. I know alot of people have enjoyed working with him.

Good luck!

Post: Commercial Property: Price: $250,000, Rent: $6,400: Cap Rate: 31%

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

Hey @Alex Plana! I'm very interested, sent you a pm.

Thanks!

Post: Investing Out of State

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Scott Beck Thanks for sharing that article!

Post: Just started looking for first property in Buffalo, NY area!

Simon CoxPosted
  • Rental Property Investor
  • Dearborn, MI
  • Posts 177
  • Votes 48

@Michael Kissel

This could be the start of something wonderful! Have a plan, know what you're looking for and stick to the numbers!

Best of luck.