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All Forum Posts by: Brian Bisdorf

Brian Bisdorf has started 10 posts and replied 24 times.

Post: Why Class D/Section 8 returns are not as good in Real Life vs on Paper - Real example

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12
Quote from @Greg Scott:

@Brian Bisdorf

It sounds like you have already decided you want to go the Section 8 route.  In your original post, you asked whether or not Section 8 was a good idea. I pointed you here, where people with decades of experience are telling you there are some significant downsides.

In your other post, you said you were a flipper and this would be your first LTR.  Many of the people on this thread specialize in LTRs.  What sort of due diligence do you think you will be able to conduct on the prospective tenant that these investors have not done?


 Greg, I really appreciated you pointing me to this thread it was a great resource. Thank you for that. I've spent a great deal of time speaking with many investors in different markets ranging from state to state (but not in my own in TX) about voucher tenants. The common denominator I have heard was a lack of proper DD. I wasn't hoping for my responses to be read as an indicator of making a decision to invest section 8 or not, or stating that I have a more thorough DD process than someone with more experience. 

Post: Why Class D/Section 8 returns are not as good in Real Life vs on Paper - Real example

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12
Quote from @Stuart Udis:

@Brian Bisdorf It's always important to vet tenants but as a general rule of thumb, the better situated the real estate, the better quality of tenant you can attract. This is something that's rarely represented correctly in most spreadsheets and has a significant impact on operational costs. I find this to be a leading reason why better situated real estate is often overlooked by investors who are chasing cash flow. Second only to fixed costs of operation which disproportionately impact the lower cost properties often leased to subsidized tenants (also rarely represented correctly on spreadsheets pre-purchase).


 I would agree with you. My situation is such that I already own the property. I'm not looking for another property at this time. I'm hoping to see if landlords who have been able to screen voucher tenants have had a positive experience. Almost all the horror stories I've heard about are when the landlord assumed they were screened if they have a voucher or whatever their reason was for not doing DD on the tenant.

Post: Why Class D/Section 8 returns are not as good in Real Life vs on Paper - Real example

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12

I have a property that I renovated and would like to turn into a rental instead of a flip. Most of the horror section 8 land Lord stories I've heard of are where the Tennant wasn't vetted and simply took them in for the voucher. Some states/county rules are more favorable than others for the landlord.

Any positive experiences here from landlords that were able to properly screened the tenants first?

Post: Section 8 and voucher programs in Dallas - Landlord benefits?

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12

I have a flip property in Duncanville I am heavily considering keeping and exploring the voucher programs. It's a 4bd home and the FMR puts this around $3,000. I've spent a good deal of an hour clicking around in circles on the DHA webpage and setting up a profile with their bob.ai platform but cannot seem to get real answers or the ability to speak to someone about the details.

Anyone have experience with voucher program as a land lord?

Post: Looking for Bathroom Resurface Please

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12

Has anyone used with success any local bathroom resurface companies?

Post: What's your experience with using BPs contractors?

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12

Please share your experience with working/ hiring any of the contractors through home advisor on the build your team section. 

Post: Looking for a new(ish) wholesaler not working for a large wholesaling company

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12

I'm looking for flip properties to buy in the Fort Worth and Mid-Cities area. Cosmetic to light/medium renovations needed sfhs.

Please reach out if you are new into the business (not working for one of the big box names) or even if you are working for a smaller operation.

Post: Raising capital for a bigger project

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12

Has anyone tried and succeeded at raising funds to create a campsite/park with multiple buildings for rent? Something that would attract family reunions, parties, etc.

Buying a lot surrounded by trees or having lake access. Anyone done this?

Post: Major tax savings you've never heard of

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12
Quote from @Andrew Postell:

@Brian Bisdorf each property is a little different but I've never cost segregated any of my single family homes.  The reason is because I've never paid any income taxes on them WITHOUT cost segregating.  So I keep that tax deduction spread out and don't cost segregate.  Property depending of course...but a lot of property in our area won't need cost segregation.

That is really interesting.. I need to talk with you.

Post: Looking for a Non-Recourse Lender

Brian BisdorfPosted
  • Financial Advisor
  • Fort Worth, TX
  • Posts 24
  • Votes 12
Quote from @Ernesto Garcia:

Ty, 

We have non-recourse options in-house and through our broker relations. What type of deal are you looking at? 

I'm glad I found this, I'm needing info on a non recourse loan as well. Sfh, rental in Detriot. Feel free to connect.