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.
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.
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.
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