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All Forum Posts by: Timur Medaric

Timur Medaric has started 7 posts and replied 24 times.

Post: Searching for Wholesalers in Fort Worth, TX(Tarrant County)

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

Hello All,

 I'm trying to network with some more wholesalers and figured that this would be a great venue to do so. Does anyone wholesale property in the greater Fort Worth area. If so, I'm very interested in speaking with you and hearing exactly what kind of properties you are able to source/how frequently you are able to source them. If you/anyone you know wholesale single family residential properties in Tarrant County- please feel free to reach out. Thanks!

BP- My apologies if this post is out of it's right place. Please feel free to move to the appropriate forum, category, etc...

Post: What is the best Hard Money Rate that you have seen?

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

Hello,

   I have been shopping around for Hard Money in Texas and am wondering that some of the best rates are. The current lender I am using is offering deals at either ZERO points OR 5.99%. It seems to be working pretty well BUT I wonder if there is anyone out there currently offering a better product. Always open to new suggestions!


Post: Dallas a good market for cash flow?

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

There are plenty of deals in this area however, I would say generally speaking that investment properties in DFW seem to sell at higher percentages in Dallas County vs Tarrant County. With that being said, DFW is a great market for investors, whether it be to flip a house or hold it and rent

Post: Jump In?

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

You should probably avoid that one bud. Sounds like a stressful situation to say the least. There's probably a reason it's selling at 15k

Post: Need CPA referral in Frisco, TX

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

In arlington, i have a solid cpa. most of my high-end investors use him. Mike Talambas. Contact me for his info...

Post: So confused :-(…debt-to-income…???

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

http://fwinvestmentrealestate.blogspot.com/

Check out the Hard Money Basics tab. It goes over it all

Post: Home path

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

Hey Billy,

I wouldn't bee to worried about Home Path. We buy properties through them all the time. It is just another avenue to dispose of Governement Sponsored Properties. However, you better move quick because a lot of the great deals move pretty quickly from the increasing competition...

Post: Rehabbers: How important is the %70 Rule to you?

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

Hey Max,

Generally speaking, it is a case-by-case basis.The 70% rule is over-generalized and out dated. It's a nice rule of thumb(I suppose) but if you consider the organic nature of this market, ever-increasing competition and varying investment strategy options--the 70% rule is going to end up hurting you in the long run. According to your example above, you are making plenty of money and if you follow that rule, you are going to miss out on a $100,000+ profit because some Real Estate Guru wanted to sell a book. With regard to Hard Money Lenders, if their standard loan amount is 70%, you will most likely come out of pocket with the rest of the cash. However, there are many lenders that will lend on varying degrees of investments and just might lend you more, if there is money to be had. With that being said, you may be crossing into predatory lending if they aren't sticking to their own underwriting guidelines. Anyway, I hope you don't miss out on $100,000 because a of a ratio. Happy Investing!

Post: Appraisal Value vs Tax Assessed Value

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

Quick Question-

A friend of mine just sold a house that was tax assessed at a value of $190,000. An investor purchased it, performed a major rehab and sold it for $400,000 which was due to the fact that it is a high-value area in Fort Worth and the recently sold comps verified the market value of $400,000. My question is, what will the city have this property assessed at now? Part of my confusion is that if the recently sold comps didn't raise the neighborhood value significantly already, can the city now raise the assessed value by almost double? Or will the city still have to incrementally increase the tax value by 10% per year(or whatever it is)

Post: Newbie from Grand Prairie, TX

Timur MedaricPosted
  • Residential Real Estate Agent
  • Fort Worth, TX
  • Posts 25
  • Votes 3

Welcome to the group Russell. This is a great place to learn and DFW is a great market to be in!