Looking to talk to someone knowledgeable

Fort Worth, Texas
Foreclosures
3moFollow

Looking to talk to someone knowledgeable

Blake Baugus
Member since 2026 · 5 posts · 4 votes

Howdy! Is there anyone around the DFW metroplex that does Foreclosures on a regular basis, that would be willing to chat with me about it? I've been studying it for awhile now and would like to get some guidance on starting. Thanks! (Also any help on planning how to do rehabs quickly and well in the BRRRR method would be great as well!)

4Reply
432 views

Most Popular Reply

Robert EllisBusiness Member
Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
3mo
Quote from @Blake Baugus:

Howdy! Is there anyone around the DFW metroplex that does Foreclosures on a regular basis, that would be willing to chat with me about it? I've been studying it for awhile now and would like to get some guidance on starting. Thanks! (Also any help on planning how to do rehabs quickly and well in the BRRRR method would be great as well!)


The part that caught my attention was that you've been studying foreclosures for a while and are now looking for someone who's actually doing them in the DFW market. That tells me you're probably at the point where reading another book or watching another video isn't going to answer the questions you have.

One thing I've noticed is that buying the foreclosure is only one part of the equation. The people who seem to move the fastest usually already have a contractor, a lender, and a rough rehab process in place before they ever get a property under contract. Without that, even a great deal can sit longer than expected while you're trying to build the team after the fact.

I'm curious—are you hoping to buy your first foreclosure in the next few months, or are you still trying to figure out the process before you start making offers?

[email protected]786-494-6766
Section 8 Launch52 Reviews
WebsiteView Page
1Reply
See this reply in the discussion

13 Replies

Jump to latestLatest
  • Mackaylee BeachPro Member
    Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
    3mo

    You might want to consider attending local real estate investment groups or meetups, as they can be a great way to network with professionals who have experience in foreclosures and the BRRRR method. Have you looked into local Facebook groups?

    In terms of planning rehabs efficiently, creating a detailed timeline and budget is crucial. Working with a reliable contractor who understands the BRRRR method can help ensure that renovations are completed on schedule and within budget. It's also beneficial to have a checklist of common renovations and their typical costs to streamline the process.

    Remember, persistence and learning from each experience will be key to your success. Good luck on your real estate journey!

    [email protected]
    1Reply
    • Blake Baugus
      OP
      Member since 2026 · 5 posts · 4 votes
      3mo

      @Mackaylee Beach Thank you so much, no I haven't but no I'll go check! I'll jot those notes down. Thanks so much I appreciate it!

      0Reply
  • Robert EllisBusiness Member
    Developer · Miami, FL · Member since 2014 · 3k+ posts · 1k+ votes
    3mo
    Quote from @Blake Baugus:

    Howdy! Is there anyone around the DFW metroplex that does Foreclosures on a regular basis, that would be willing to chat with me about it? I've been studying it for awhile now and would like to get some guidance on starting. Thanks! (Also any help on planning how to do rehabs quickly and well in the BRRRR method would be great as well!)


    The part that caught my attention was that you've been studying foreclosures for a while and are now looking for someone who's actually doing them in the DFW market. That tells me you're probably at the point where reading another book or watching another video isn't going to answer the questions you have.

    One thing I've noticed is that buying the foreclosure is only one part of the equation. The people who seem to move the fastest usually already have a contractor, a lender, and a rough rehab process in place before they ever get a property under contract. Without that, even a great deal can sit longer than expected while you're trying to build the team after the fact.

    I'm curious—are you hoping to buy your first foreclosure in the next few months, or are you still trying to figure out the process before you start making offers?

    [email protected]786-494-6766
    Section 8 Launch52 Reviews
    WebsiteView Page
    1Reply
    • Blake Baugus
      OP
      Member since 2026 · 5 posts · 4 votes
      3mo

      @Robert Ellis Thanks! Well I've started my list, and I'm checking it to make sure that I'm not missing anything on any of these properties. Next, I'm hoping to go to some auctions over the next couple months to verify that I'm in the right ballpark price range wise. Longer term, my goal is to hopefully get a decent understanding of what's going on at the auctions and how not to act a fool there, then get my financial backing and start bidding on properties.

      Do you think there is a way to have that process partially or mostly setup even for the first buy? Do you keep a list of folks on speed dial and a list of normal things that need to be done?

      0Reply
  • Garret Rumbea
    Inland Empire, CA · Member since 2017 · 151 posts · 79 votes
    3mo

    Hi Blake, welcome just acquired a foreclosed property, was larger though. My partners and I invest in large multifamily in DFW. Happy to connect if helpful

    0Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3mo
    Quote from @Blake Baugus:

    Howdy! Is there anyone around the DFW metroplex that does Foreclosures on a regular basis, that would be willing to chat with me about it? I've been studying it for awhile now and would like to get some guidance on starting. Thanks! (Also any help on planning how to do rehabs quickly and well in the BRRRR method would be great as well!)

    Quick question before anyone points you toward courthouse steps or foreclosure lists: have you bought an investment property yet, or done any kind of rehab project?

    I ask because foreclosure acquisitions are a tough place to start. You're buying blind in most cases, no inspection contingency, no title search before bidding, and you need cash or hard money lined up same day. The margin for error is low, and the learning curve hits fast when real money is on the line.

    Same with BRRRR. The strategy itself is sound, but it lives or dies on your ability to accurately estimate rehab costs, manage contractors, and hit your ARV. Those skills tend to come from doing a deal or two the conventional way first, where you have a little more protection and time to learn.

    None of that means don't pursue it. There are great investors in the DFW market doing exactly what you're describing. But it'd be worth knowing where you are in the process so the advice you get actually fits your situation. What does your deal experience look like so far?

    7e investments53 Reviews
    WebsiteView Page
    0Reply
    • Blake Baugus
      OP
      Member since 2026 · 5 posts · 4 votes
      3mo

      @Chris Seveney Thank you very much for your input I appreciate it! And no I haven't invested into anything yet, and I've just done rehab on my own home. I've done projects myself and built up a list of folks that can do many different things around the house (flooring, roofing, plumbing, etc.). 

      But to your exact point, I know there's things I don't know, hence why I'm looking for someone around me that is fairly knowledgeable that could give me some good pointers and be someone I could bounce questions off of occasionally. 

      I've been reading and studying up for a couple years now, but I know there's a big difference between reading and the real thing. I'm open to any advice you have! 

      Also, I do not have a timeline or a rush to do anything right now, so if I need to prep by doing anything in particular, I'm open to it. Is there anything you'd recommend?

      0Reply
  • Ken M.
    Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
    3mo
    Quote from @Blake Baugus:

    Howdy! Is there anyone around the DFW metroplex that does Foreclosures on a regular basis, that would be willing to chat with me about it? I've been studying it for awhile now and would like to get some guidance on starting. Thanks! (Also any help on planning how to do rehabs quickly and well in the BRRRR method would be great as well!)

    I just want to mention that targeting foreclosures requires knowing a bit about foreclosure law, mortgage law, bankruptcy law and local law if you want to stay out of trouble. It's the one area of housing that "consumer advocates" watch pretty closely.

    Get yourself trained before doing something inadvisable.
    1Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    3mo

    @Blake Baugus

    I don't know the DFW market, but I do know BRRRRs.  And I'm with @Chris Seveney on this one - there is no need to limit yourself to foreclosures, that's actually a very narrow and specialized slice of the market.  I'd cast a broader net.

    It sounds like your contracting skills could be an advantage so that's great. I'll be blunt. Do you have money? I ask this not for you to give an actual answer, but to emphasize that it takes money to do a BRRRR. A lot of it. So if you don't... save up.

    Hope this helps.  Happy to answer any other questions you have.

    0Reply
  • Robert McGillBusiness Member
    Accountant · Houston Tx · Member since 2026 · 12 posts · 4 votes
    3mo
    DFW is just down the road from me. I’m based in Houston! I can’t offer much on the foreclosure side, but if you run into any tax questions or need advice as you get started investing, that’s my wheelhouse. Wishing you the best on your first deal!
    [email protected]360-784-4564
    Robert McGill, CPA
    WebsiteView Page
    1Reply
  • Lydia R.
    Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
    2mo

    @Blake Baugus I've never bought a property from the foreclosure auction, but I have purchased SEVERAL before they get to the auction. More than happy to chat with you about the process and how it works. But I think you have this idea that these houses are selling for pennies on the dollar and in the greater DFW area that is not the case. If all you're looking for is discounted real estate, perhaps we should chat more about where to find deals and less about specifically buying properties from the foreclosure auction. It also sounds like perhaps you are at the beginning of your journey, so I'm happy to help you understand any other aspects of the process you need to get a better handle on. Feel free to reach out. Happy to chat with you. 

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free