First deal in the books, Thanks BP and DFW community

First deal in the books, Thanks BP and DFW community

Investor · Fort Worth, TX · Member since 2012 · 209 posts · 37 votes

Team -

I couldn't wait to post something in the success forum, so I will take full advantage!... After several months of education, a 1400 mile move across the country, and a few memorable/botched deals, we got our first investment property under our belts this week. It is a 4-plex in the Fort Worth neighborhood of Benbrook, TX. So far we have only had to fix a mailbox, but I know the learning experiences are coming our way!

Thanks to the BP forums & podcasts, and everyone we've met since we moved here. All have had an impact on our confidence level and knowledge-building. I'm ready for the next one, bring it on.

Adam

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Will BarnardPro Member
Moderator
Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
13y

Congrats, that is always great to hear. I especially like your specific verbiage to start the post - "Team" and that we are!

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  • Real Estate Agent · Dallas, TX · Member since 2013 · 39 posts · 4 votes
    13y

    Congrats Adam & I wish you continued success! I too live in the DFW area & love working this market! I look forward to hearing more success stories from you & other local investors! BP rocks!

  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    13y

    Congrats @Adam Roberts

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    13y

    Congrats, that is always great to hear. I especially like your specific verbiage to start the post - "Team" and that we are!

  • Investor · Las Vegas, NV · Member since 2012 · 289 posts · 74 votes
    13y

    Congratulations, i hope u have many more happy endings.

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    13y

    That is great, Adam. Can't wait to hear the details.

  • Investor · Fort Worth, TX · Member since 2012 · 209 posts · 37 votes
    13y

    Thanks guys -

    @Will Barnard you are absolutely right... That's the best part of this community. The team chemistry is very noticeable.

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    Great work @Adam Roberts ! Pumped for you guys!!! Renee passed her texas exam and is just waiting on the state to file her before she's licensed, so you two know where to push people!!!

    Super pumped!!!

  • Dallas, TX · Member since 2011 · 308 posts · 59 votes
    13y

    That's awesome. Congrats!

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    Nice @Adam Roberts ! I love 4-plexes so congrats! Now, let us know if you have any landlord trouble :) Are you managing yourself, or using a PM?

  • Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
    13y

    Sweet news @Adam Roberts! Here is to the many more to follow!

  • Investor · Fort Worth, TX · Member since 2012 · 209 posts · 37 votes
    13y

    Thanks all -

    @Brandon Turner we are going to manage ourselves. The seller had a property management company in place that I wasn't impressed with at all. Luckily, after meeting the tenants it was evident that their lack of impression on me didn't affect who they allowed to rent. That, coupled with the fact that I want to learn the business of being a landlord, are the reasons why we are going to manage. I'm sure I'll have some good questions for the group when any issues arise!

  • Linden, NJ · Member since 2013 · 5 posts · 0 votes
    13y
    Congrats!!!
  • Toledo, OH · Member since 2013 · 2 posts · 0 votes
    13y
    Good job! Congratulations. Thanks for sharing
  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    13y

    @Adam Roberts - would you mind sharing some pics?

  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    13y

    Congrats! Texas is just hopping!! I'm so jealous, so many fun projects I'm seeing happening there.

  • Investor · Fort Worth, TX · Member since 2012 · 209 posts · 37 votes
    13y

    Hey @Joshua D. sorry for late RE... was travelling in Canada past few weeks. Pictures below! (including first maintenance work, mailbox)

  • Investor · Fort Worth, TX · Member since 2012 · 209 posts · 37 votes
    13y

    @Karen Margrave Thanks!, we actually used to live in Orange County. Loved it there, miss it a ton!

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    13y

    Looks good adam. I like it!

  • Real Estate Investor · FL · Member since 2009 · 53 posts · 4 votes
    13y

    @Adam Roberts Congratulations!! Nice looking!! Are you planning to move in one of the units to manage it yourself?

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