All Forum Posts by: Sunil Shah

I wouldn't wait for a crash. You are right in wanting properties to cash flow. Looks like you have started a plan by knowing about how many rentals you want or need to accomplish your goals. I would encourage you to right down you plan and goals.

Have you looked into turn key rentals? With a turn key you buy an existing cash flowing property. The drawback is you don't get much of a discount on the price and you'll likely be looking at B type neighborhoods so the price might be a little high. But it might be a good way to get started with your first rental. Roofstock is a turn key operation. You might want to do some due diligence with this method.

Best,

Simon

Hi Simon,

Have you loked into, or bought from a TK provider? If you have any insights in this space, please share. I am curious, if numbers will actually workout.

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@John Morgan

In DFW 1% rule can be difficult to achieve, but with price appreciation, cash out refi can achieve similar IRR in long term. You focus on certain areas? Or wherever deals might be?

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@Landon Whitaker

That's what I am looking to do. I prefer to buy, rehab and pass on to a good property manager, so I can focus on never deal. Do you have any one you can refer me to, I will like to talk to them.

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Originally posted by @Deba Douglas:

@Sunil Shah welcome to BP!! My husband started 1 year ago and we now have 3 properties (1 MF and 2 SF) BP was a big impact on our journey. Welcome!

That's very encouraging. Did you guys mostly do it on your own, or have a team? Any company or agents you recommend?

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Originally posted by @Tommy Brownell:

@Sunil Shah join the club!!!! hahaha

I own a few rentals out of town, but want to buy some within driving distance to gradually get a hang of property management side.Also want to develop a network of friends who speak Real estate :) , since I have none in my immediate network.

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I am looking to buy a few rental properties in north DFW area, that meets 1% rule. Also am looking forward to meeting agents, lenders both conventional and hard money and investors to network with.

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@Shital Thakkar i also live in McKinney and would love to connect. What's the best way to contact you?

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@Joe Funari

Hi Joe, I am local here in DFW and would like to connect with you. I have a few properties. I am interested in expanding my network. What's the best way to contact you?

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@Jonathan Schwartz

If you don't mind sharing how you gathered the information on different markets, and please share the spreadsheet that you mentioned.

Regards.

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@Jonathan Schwartz

Thanks for explaining in plain English. Very helpful.

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All Forum Posts by: Sunil Shah

Sunil Shah has started 4 posts and replied 15 times.

Post: New to REI - Analyzing cash flow & other basic questions

Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX

Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX

Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX

Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX

Post: Mckinney, Allen, Frisco and Plano and surrounding cities, in TX

Post: Newbie from McKinney, TX (DFW Area)

Post: How to go about selecting a market

Post: How to go about selecting a market

Post: How to go about selecting a market