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Preston Henman
  • New to Real Estate
  • DFW, TX
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Starting Out in the DFW Market - Seeking Insight & Options

Preston Henman
  • New to Real Estate
  • DFW, TX
Posted May 11 2024, 17:17

First and foremost, thank you for taking the time to read and for any help you can provide!

Background:

My wife and I current live just East of Dallas in a single-family home (past 2 years). We have a pretty decent chunk of equity in the home along with 60k saved. We both have stable income from full-time jobs (2+ years). We both have credit scores of 750+ with no college debt and only 1 car payment right now. 


After spending much time & energy becoming more financially literate and learning the basics of REI, we are interested in pursuing our 1st rental property deal in the DFW market! We are wondering what advice we can learn from experienced investors, agents, lenders, etc. here on the BP network and to know if we are even in a position where we can comfortably get started.

Would love to network with and learn from any local professionals that can provide any guidance & assistance. I would love to be of help back to you in any way that I can. 

Thanks all,

Preston Henman

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Rao B.
  • Investor
  • Dallas Fort Worth
5
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8
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Rao B.
  • Investor
  • Dallas Fort Worth
Replied May 11 2024, 19:04
Quote from @Preston Henman:

First and foremost, thank you for taking the time to read and for any help you can provide!

Background:

My wife and I current live just East of Dallas in a single-family home (past 2 years). We have a pretty decent chunk of equity in the home along with 60k saved. We both have stable income from full-time jobs (2+ years). We both have credit scores of 750+ with no college debt and only 1 car payment right now. 


After spending much time & energy becoming more financially literate and learning the basics of REI, we are interested in pursuing our 1st rental property deal in the DFW market! We are wondering what advice we can learn from experienced investors, agents, lenders, etc. here on the BP network and to know if we are even in a position where we can comfortably get started.

Would love to network with and learn from any local professionals that can provide any guidance & assistance. I would love to be of help back to you in any way that I can. 

Thanks all,

Preston Henman


 Define your buy box, which area , what price , what size , how to finance based on your risk capabilities. Try to see the areas you know/currently live and if it doesn’t work for the budget consider markets a bit away from you that are growing. Good luck !! 

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Replied May 12 2024, 04:14

Try attending DFW meetups and search for investor friendly agents who can help you a  lot 

Search on this forum for DFW stuff example

https://www.biggerpockets.com/forums/86/topics/881138-any-me...

https://www.biggerpockets.com/forums/311/topics/932173-200k-...

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