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650
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Steve S.
  • Dallas, TX
53
Votes |
650
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How do you find rehab prospects in Dallas / Ft Worth?

Steve S.
  • Dallas, TX
Posted

Nothing on MLS seems remotely close to being able to acquire and improve to boost the ARV for BRRRR.

To date, the best I've been able to do is find homes that need most repairs to make rent ready (say < 20%) and then rent them out but cannot refinance them because I can't improve the value enough so I simply try to find homes that will Cash on Cash > 15%.  

I've had good luck with that so far, but need some other ways to turn my cash into more cash.  I can't keep writing $30,000-$50,000 checks to acquire buy and hold properties that locks up my money.

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520
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263
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Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
263
Votes |
520
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Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
Replied

Go outside the city. Desoto and Cedar Hill have some better options. Work with wholesalers and use a community bank to fund.

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