Hello BP's:We're looking to start building our real estate portfolio, right now analyzing different market to find the right one for us.We were wondering if anybody has experience in Sherman, TX market?

It’s definitely exciting to see suburban Chicago getting recognition as a hot rental market—it’s something I’ve noticed in my own experience as well.

In my experience investors love talking about investing.

Strategic timing matters, especially with multi-state portfolios.Real Example:Investment property sale in 2019Federal noticed unreported gainTwo states involvedTimed response to fall after state deadlinesResult: Only federal adjustment appliedInvestors: What's been your experience handling tax notices across multiple states?

I'm happy to share my experience as both a flipper and a lender.

While each person has their own perceptions of a rough part of town, in my experiences, I do avoid them.  

From my experience, they are two different mindsets.

In my experience, cost segregation studies are a lot less than $10-15k especially for smaller properties (6 units and below).

You'll most likely still need a coborrower at first, but may be able to refi them out of the deal in a year or two once you have qualifying experience and operating history - then you can likely use all of the rental income towards your gross income. 

Glad you have experience investing locally.