All Forum Posts by: Clint Jusino

Hello everyone, Im relatively new to investing. Right now, I own some rentals in a rural area, and they're performing well. I am considering whether to keep investing in similar rural areas with populations below 15,000 or to transition to purchasing properties in larger cities.

Can you clarify when you say performing well? What's the cash flow looking like? How's the equity on the rentals? I say if it's not broken then don't fix it. keep doing what is working for you.

0 Votes

Quote from @Nick Clossman:

Does anyone know if you can use a DSCR loan to build a DADU on you SFH primary residence property?

I'm curious as well to learn more about this. I'm in the Dallas TX area.

1 Vote

Quote from @Account Closed:

Quote from @Allan Smith:

Best thing you can do really is to get quotes from people. Are you talking about subbing it out to all the different trades yourself? That's a little bit Advanced but that's how I started as well. It doesn't take long to get a feel for what the pricing is on stuff. Like putting in flooring is probably 1.50 to $2 a square foot for labor, and you can start to learn all these rules of thumb for all the trades.

I was planning to use a GC and get multiple bids. Then, hopefully I can get some good recommendations for subs. More of a trial and error approach. However, I wanted to know if there were any ways to figure out if contractors are overpricing you. Or should I take the mid range price?

Hello @Account Closed. I just finished a medium style rehab and worked with a great GC. I can share my spreadsheet and quote I got which now gives me an ideas on pricing for labor and materials. I'm in the DFW area. DM me if interested.

4 Votes

Dallas, Texas

Quote from @Diego A.:

I would recommend to work with an agent. You can make it your own with Zillow or other looking at the sold data. That would give you an idea, but an agent will be a more precise ARV with real comps and also can recommend you the areas.

Metroplex is big so also check that the realtor is experienced in the market area that you are looking for.

You can use Redfin to get a rough idea but they are not accurate. I learned that during the cash out refinance process. Redfin was showing a home sold for 280k but after seeing the appraisal it actually sold for 250k. I also worked with a Realtor as welk and his ARV estimate was only 6k from what I actually got. Those would be your best bet. Good luck to you. Happy to help in anyway I can. I'm in South Dallas area.

1 Vote

Dallas, Texas

Quote from @Quinton Sines:

Quote from @Silvia Talavera:

Quote from @Quinton Sines:

So I've talked to some people about building a wholesale business and they say network with real estate agents and investors. I would like to talk to real estate investors and see if I can build a list that way. Is that a possibility? Am I missing something?

There are a lot of groups on Facebook about wholesaling where you can offer your deals. I saw a lot of people providing their deals there and they have several replies to buy the house. I haven't done it yet because I am starting too, but maybe you can build your list of buyers there.

That's not a bad idea. I've joined every Facebook group in my area and have talked to some of the buyers. I haven't received anything through that however I've received some responses elsewhere

I'm part of a DFW Investors group on groupme I can invite you to. That will help you connect with other investors in the DFW area. DM me and I'll send you an invite.

0 Votes

Dallas, Texas

Quote from @Alex Clark:

Saw someone saying they invest in Bali, Indonesia and made me wonder where people buy out of the country and how the process is like.

I actually have a friend did that just that. DM me and I can share his info so you can ask him.

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Quote from @Greg Hellings:

I'm looking for a partner in the DFW market.

I have a house flip I got into thinking it was a cosmetic flip. When we got into the work it proved to be more than I bargained for and needs either a full rehab or a ground up new construction. I haven't done either before, so I'm in over my head on this.

Does anyone with experience in such projects want to partner with me on it? Or do you know someone who would want to? I've already got title to the property in my LLC name, so it should be relatively simple to modify ownership interest in the business to split equity.

Current house: 2/1, 702sf, 1920 build. Foundation (pier and beam) fully repaired and plumbing replaced this winter, but discovered additional deficiencies in the process.

Town: Waxahachie, TX

New builds in the neighborhood tend to be 3/2 or 4/2 and selling in the $250-280k range.

I'm located in Lancaster which is roughly 20 mins away. I just DM you.

0 Votes

Dallas, Texas

Quote from @Brian Mineau:

Id ask them what type of fence and if it goes with the house and something that will add value, Id let them do it.

If it will add value and it's a pro installation I say why not!

1 Vote

Quote from @Jose Montalvo:

Seeking to network with fellow multi-family and sub-to investors in Dallas, TX! Are there any meetups scheduled for next week?

There is a Dallas meetup tonight. See details below.

Shaytex Social: Third Thursdays Cornhole Tournament 6pm to 9pm
https://maps.app.goo.gl/9h3e1qQP4dFk34U58

0 Votes

Dallas, Texas

All Forum Posts by: Clint Jusino

Clint Jusino has started 6 posts and replied 151 times.

Post: Vacation Home Loan 5% down

Post: Investing in Rural Areas Pros and Cons?

Post: DSCR for DADU?

Post: Flippers, how did you figure out accurate pricing/negotiations with contractors.

Post: How to get ARV comps in TX?

Post: Wholesaling Real Estate

Post: does anyone have experience investing out of the country? If so, how has it been?

Post: Rehab or new build partner wanted, DFW

Post: Tenant wants to install a fence at my property for pet

Post: Is anyone up for meetup?