All Forum Posts by: Zachary Deal

@John Lasher Have you considered the BRRRR strategy? We are seeing a lot of investors have success with this strategy with plans to hold the properties they are rehabbing as rentals for several years before selling. Depending on the ARV some are even able to get out all the funds they used to quickly rinse and repeat

Hi Shawn good luck with your flips! Beyond trying to connect on this forum would recommend look in the BP Meet up section and checking out local DFW FB RE investor Facebook groups as well as Meetup.com and Eventbrite for local events.

 Great advice from Bruce here. I think making it more generic and less custom is the safer bet. Choose neutral safe tones and get nice materials but don't splurge too much on very fancy cabinets, counters, appliances that someone else may not value the same as you.

Hi Tio, I don't think hiring a professional designer is wise as it will cut into your margins and sounds like you have a tight budget. Of course, if it is a higher end flip in an expensive area, a professional designer may be necessary. I think a good starting point would be looking at the comps in your area (recently renovated or new construction homes) that sold around your desired sale price and in your desired timeframe and taking inspiration from there design choices. 

FF is a must have in almost all markets but needs be used and thought of correctly as Allen and Miguel noted. Other sites that can be successful included Facebook (specific groups you are targeting like traveling nurses or 5th ward housing, etc), Airbnb/VRBO (30+ day stays) and insurance placements like ALE Solutions. Going to want to cast a wide net at first and figure out where you can best source your MTR leads from

@Shawn Ackerman and @Ericka Parrott Have great advice here. The successful wholesalers are the ones that are direct with the seller and have done an analysis on the deal to show it can be a successful investment (always double check with your own)

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect. Private money refers to individuals who offer a similar product but lend to friends, family and other investors they know. 

Chris summarized it perfectly. Don't bite of more than you can chew. Slowly work your way up to bigger purchase price and rehab budgets. Find what works best for you in the area you are looking and put together a team that you trust. You will gain experience with each project so don't let set backs discourage you but always try and learn from any mistakes. I would recommend finding a investor focused real estate agent or some wholesalers that focus on the areas you are looking

Hi Kyle, hope you find some local DC developers or fix and flip/BRRRR investors here. Other areas to check would be local real estate meetups (check BP Events & Meetups, Eventbrite, Meetup.com) and local DC Facebook groups as well. Good luck!