All Forum Posts by: Stephanie P.

With the help of Jerry Puckett, a couple of opportunities for multifamilies have popped up in the DFW metroplex - including Carrollton, Oak Lawn, and Lower Greenville.

Does anyone have any thoughts on these areas?

In particular, the Lower Greenville opportunity is interesting because it could use some WORK and has a motivated seller. Which is the kind of property I like. But in this area, there are pockets of brand new condos and then pockets of dilapidated properties as well. There are also a TON of 'for sale' signs as well as 'for lease' signs.

I don't have a good feel on these areas yet and before I choose a property to invest in, I was hoping to see if you guys had any thoughts to help me make the best decision.

Thanks as always!
Steph

Peter Leivers - I'm specifically looking in the North Dallas area, but will entertain other options outside of that area. And I'll be sure to keep you posted.

Joel Owens - Yes, my expectations are inline with 6 - 7% fees on this size. I was just quoting their overall numbers on their website. 6 - 7%, though, still seems very reasonable as I've seen many quoting higher.

Any recommendations?

I'm looking to acquire a 10 - 20 unit property and need a great property management team with considerable experience and reasonable mgmt fees - even if for a smaller sized complex.

From reading similar requests on BP, I'm seeing these these companies can be hard to find. I would really appreciate any recommendations!

Also, I found a company called Stamar Mgmt with fees of 4 - 7% - rather reasonable. Has anyone used Stamar?

Thanks!

Stephanie

Ezinwanne Hawkins & Sam W. - point well taken. Thanks so much.

Ibrahim S - Great advice. Thanks for taking the time spell that out. While scary, I think you're absolutely correct and I probably should get into a habit of using many of those techniques.

Thanks Jon Klaus. That's really helpful. I probably should develop a similar strategy using more phone conversations.

As I consider how I would approach wholesaling, the concern of going into random homes to negotiate a sales price concerns me. Especially as a female, I think we're a little more vulnerable.

Any thoughts on safe practices when meeting new potential sellers?

Thanks,
Stephanie

Glad to know you Ray Rahood.

Thanks Jon Klaus. See you then!

I'll be there. Looking forward to meeting you all.

Thanks for the warm welcome guys!

Marco Santarelli - yes, I've been considering driving out to one those meetings in the near future. Thanks for the recommendation.

Jerry Puckett - I'm so glad you told me about the BiggerPockets meetup. I didn't even realize. I'll be there. Looking forward to meeting you.

Dan Franks - Great info. I went to the Roddy Roundup last night. Thanks!