All Forum Posts by: Account Closed

@Andrew Postell

@Mark Ermence

@David Rom The BRRR method in Ft. Worth is a great route to go, its easier if you have a plan in place and stick to the rules you set for yourself. Ideally, you will want to stick to an area where you grow the value to the neighborhood over a 2-3 year term, this is important because there are people from all over moving to Ft. Worth and relocating to better housing in the area. As your selected neighborhood starts to grow and you see homes selling to end buyers, you will want to consider your exit in the 3-5 year term to ensure that you ride the value you have created when you sell of refi again.

@Stanley A. We have been flipping home sin our area of Wichita Falls at about a 30% cash on cash return. We pick up homes for about $45K and put $35K into them and we are selling for about $100K to $110K. Tertiary market investing can offer a lot of return is done correctly and if you have done your research, just like in any market.

@Daniel Mendez I tend to focus on outlying markets, they have cheaper land cost and better zoning regulations for building high density affordable housing. 

@Priscilla Y. When looking into a place like Oklahoma what are you considering for your cash-flow opportunities? We do a lot of investing in areas like OK,TX,LA, and ND. These tertiary markets are great value adds with tons of potential and little risk. If 1031 is your option, you'll need to make sure you have a solid plan in place. I would look into HUD-V.A.S.H and military rental programs as well as some investments in tiny vacation homes in the east of Oklahoma.

@David Olson We manage about 150 units in Killeen, its a very saturated market with a lot of investor competition. As a tertiary there is a lot of opportunity for growth by adding more mixed-use and commercial development, we are developing 2 new shopping centers for restaurants and entertainment.   

@Reggie Bullock you could partner with local organizations who need the housing for first time buyers, on top of that if you have a lender who won't redline the area and streamline the process it makes selling homes in the urban areas more appealing to middle income owners.

@Greg Olkhovsky make sure you use an application, I didn't on my first few deals and it was a killer. Second be prepaid to drop in on projects to be sure that work is being done. Third I would start in a low risk place and you and the investor can have more trust.

@Jill Davis how big is the loan?