new Investor in the Dallas market

new Investor in the Dallas market

Member since 2025 · 5 posts · 12 votes

new investor but ready to get started would love to connect with other investors in the Dallas market hard money lenders and wholesalers 

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Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
1y

Welcome to DFW.   Plenty of opportunity here.  We must be meetup central.  That's a great place to network.  Always hard money lenders at the meetups and normally some wholesalers as well.

Just remember your best deals are probably not from wholesalers, but the deals you generate yourself. Don't forget about listed properties too. There are plenty of great deals on the MLS.

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  • Preston DeanBusiness Member
    Realtor · Fort Worth, TX · Member since 2021 · 779 posts · 368 votes
    1y

    HI @Paige Gardner

    I can send you HML recommendations and wholesalers.

    I'll send you a private message

    United Real Estate DFW Properties 564 Reviews
  • Lender · TX · Member since 2024 · 308 posts · 198 votes
    1y

    Hi Paige, Welcome to BP!

    Happy to connect with you!

  • Real Estate Broker · Coppell, TX · Member since 2011 · 5k+ posts · 4k+ votes
    1y

    Welcome to DFW.   Plenty of opportunity here.  We must be meetup central.  That's a great place to network.  Always hard money lenders at the meetups and normally some wholesalers as well.

    Just remember your best deals are probably not from wholesalers, but the deals you generate yourself. Don't forget about listed properties too. There are plenty of great deals on the MLS.

  • Diego AlvaradoBusiness Member
    Real Estate Agent · Flower Mound, TX · Member since 2016 · 301 posts · 140 votes
    1y

    Hi @Paige Gardner welcome. 

    Finding deals is understanding how to analyze them, those could come from different sources. I have deals of all kinds, right now on my last three deals for some weird reason one come from wholesaler, the second from MLS and the third knocking a door.

    Having a partner in looking for deals is critical so you can brainstorm and make sure that is indeed a good deal.

  • John MorganPro Member
    Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
    1y

    @Paige Gardner

    DFW is a great area to invest in. Lots of growth and appreciation potential. I’m a fan of C+ class areas.

    • Member since 2024 · 3 posts · 0 votes
      1y
      Quote from @John Morgan:

      @Paige Gardner

      DFW is a great area to invest in. Lots of growth and appreciation potential. I’m a fan of C+ class areas.

      Hello John,, 

      Question, how do you determine which are C+, or even B class neighborhoods? 
      On that note, what is your draw to C+?

    • John MorganPro Member
      Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
      1y
      Quote from @Herminia Salinas:
      Quote from @John Morgan:

      @Paige Gardner

      DFW is a great area to invest in. Lots of growth and appreciation potential. I’m a fan of C+ class areas.

      Hello John,, 

      Question, how do you determine which are C+, or even B class neighborhoods? 
      On that note, what is your draw to C+?

      I’d say C+ are working class hoods. Yards aren’t kept up as nice. Many homes look like rentals in the area. Below average school districts which saves me on property taxes. Less turnovers because my tenants aren’t moving there for the schools. A and B class neighborhoods have better schools which comes with higher property taxes and higher turnovers. These folks have higher paying jobs and many only need a rental for a year or two. Turnovers every 3 or 4 years crush profits. Almost all of my tenants are lifers. They won’t be able to qualify or afford to by a home. I’ll keep them in around $150 under market rent and hope they stay for decades. lol 
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