Looking for Dallas Investment

2 Replies

Hello!

I've been following bigger pockets for awhile now, but have not yet jumped in to a full investment. I'm looking to purchase a property in DFW in the next few months. If you know of any potential properties, or a realtor, own an airbnb you want to chat about (or need a co-host) or have any advise please reach out to me and I would love to connect! 

I'm looking for something $200,000 or less which I know narrows down the choices I have. The plan is to live in the home while rehabbing it and get it ready for a vacation rental for airbnb. Back up plan could possibly be a rental. Looking at doing a conventional loan. Prefer single family home but open to townhouses as well. Looking in Arlington and somewhat south Dallas (trinity groves, bishop arts area).

A little background, my boyfriend and I own a home in Arizona where we use to live and turned it into a rental 2.5 years ago when we moved to Dallas. We find managing it ourselves even from Dallas to not be too difficult and enjoy the income it has given us. We bought a home in Irving a little over a year ago and realized its to big for us and that we wanted to start cutting out some of our bigger expenses so that we could be investing into real estate. We would be looking to sell this home at the same time that we are buying a home to fix up. I have worked in restaurants as a server for years and love the hospitality industry and would love to translate that into Airbnb. I also enjoy design and learning whats new and trending in design and would love to add that into my daily life. I recently did an internship in Arizona with a flipper / designer and now I am ready to do it on my own.

Thanks for any help!

Chance Benjamin

Hey Chance, welcome to BP (even though you've been following for a while). What do you do for your current job, and what are your plans/goals for jumping into real estate more full time. 

That's great that you already have a rental property in AZ, and it looks like you'll be able to easily pick up another one right as a primary residence and house hack.

I grew up in Irving and lived there for about 12 years. I now live in Lewisville. Let me know if you have questions about specific areas. You should get in touch with @Kenneth McKeown , who is a fellow investor and a real estate agent. He's helped a lot of guys on BP in the DFW area find great properties both on and off market. 

Good luck! 

Originally posted by @Chance Benjamin :

Hello!

I've been following bigger pockets for awhile now, but have not yet jumped in to a full investment. I'm looking to purchase a property in DFW in the next few months. If you know of any potential properties, or a realtor, own an airbnb you want to chat about (or need a co-host) or have any advise please reach out to me and I would love to connect! 

I'm looking for something $200,000 or less which I know narrows down the choices I have. The plan is to live in the home while rehabbing it and get it ready for a vacation rental for airbnb. Back up plan could possibly be a rental. Looking at doing a conventional loan. Prefer single family home but open to townhouses as well. Looking in Arlington and somewhat south Dallas (trinity groves, bishop arts area).

A little background, my boyfriend and I own a home in Arizona where we use to live and turned it into a rental 2.5 years ago when we moved to Dallas. We find managing it ourselves even from Dallas to not be too difficult and enjoy the income it has given us. We bought a home in Irving a little over a year ago and realized its to big for us and that we wanted to start cutting out some of our bigger expenses so that we could be investing into real estate. We would be looking to sell this home at the same time that we are buying a home to fix up. I have worked in restaurants as a server for years and love the hospitality industry and would love to translate that into Airbnb. I also enjoy design and learning whats new and trending in design and would love to add that into my daily life. I recently did an internship in Arizona with a flipper / designer and now I am ready to do it on my own.

Thanks for any help!

Chance Benjamin

 Hi Chance, welcome to Bigger Pockets.

I love the areas you are looking at, but imo you will have a tough time finding anything in Dallas in anything other than a war zone or needing a ton of repair below 200K.

We own a property near the Bishop Arts (Kids Springs), and we are seeing most properties selling well north of 300K in the area.  The values have run so much we have thought about selling.

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