Investing in Dallas Fort Worth when experienced in rehabs, new builds, flips

[Anna Gorka]

We are new to Texas but have experience in buying, flipping, rehabs, some new builds.

If it comes to construction, seems like we've done most of it. 

Market is tough now, but we want to get into real estate investing. With a good credit we can get a loan (just have to find a good lender) and have money for downpayment. We were thinking to buy a rental property, fix it and rent. But now we are aiming more towards buying a land and building a 2-3 flat.

I will be grateful for an advice on what would you do in our situation. How would you start in DFW are and in this market. Thank you.
 

[Jason Howell]

I'm not experienced in new build, but there have been plenty of infill construction projects over the last few years.  So, I assume someone is making money doing it. Hopefully, someone will jump in with more information for you.

When it comes to financing, I always start with Andrew Postell with Guaranteed Rate. If he can't help you, he'll point you in the right direction.

Good luck!

[Bruce Lynn]

Probably like any market, look where the new construction is happening.

Look at what people are buying and what they are willing to pay.

See if you can do it better, faster, cheaper and still make money.

Then calculate the max you can pay for lots.

Then go find lots to build on.

I'd probably draw a big circle around DFW and buy on that circle or just outside of it.  So cities like Denison, Sherman, Greenville, Kaufman, Waxahachie, Midlothian, Burleson, Crowley, Weatherford, Azle, Springtown, Decatur, Krum, Pilot Point, Bonham.

Also do it where you can build many, not just one.  That way you get your trades down and locked in...you know the building officials and all the other details that go into building.

Best Wishes and Good Luck.

[Stuart Chinworth]

I would echo everything @Bruce Lynn stated. Lots of opportunity in the outlying areas. Being new to the area, finding subs to bid jobs at a reasonable price is probably going to be one of your major challenges. 

Also, if you are open to other asset classes, you might take a look at small commercial spaces in some of the outlying communities as well as light industrial spaces that need some TLC. 

[Ali Radoncic]

Well said @Bruce Lynn

I have noticed an uptick on my side of the business regarding the acquisition of land and building.

Its an experienced bunch that buy these but from the feed back that I'm getting, experienced flippers are finding some peace in building from the ground up.

[Peyt Sosnowski]

I have plenty of deals in North DFW, plus the market is shifting

[Jordan D'Silva]

Depends on location, but I'm seeing more opportunities to buy, fix, and rent. Open to sharing more of our model.