All Forum Posts by: Daniel Mendez

 Yea it seems triplexes are hard to come by. 4 units tend to be in the worst parts of the city. I think if I want to invest where I can potentially cash flow it must be down out of state. 

I appreciate the input Jay. Yes, it seems like finding a cash flow opportunity with an FHA would be a mountain to climb. If I was planning to live in Texas for the next 5-10 years then I wouldn't have had a problem with house hacking without worrying about cash flow being that it would allow me to have a smaller mortgage payment. But because I am looking to move somewhere else in the next year or two then it wouldn't make sense for me to use an FHA for a house hack.

Seems like my strategy has to be out of state. 

Hey everyone,

My wife and I have some cash to deploy and now we are between investing that money in DFW or out of state.

If we decided to invest in DFW is there a high probability of still finding multi-family properties (1-4 units) that we can house hack with an FHA loan that can potentially cash flow after year 1 or at least break even?

With property taxes sky rocketing not sure how many opportunities there are to even still cash flow here in DFW. 

Has anyone recently house hacked a duplex, triplex or fourplex out here in DFW? 

Good morning BP members,

I am trying to understand something from those of you who purchase properties to flip.

The formula for a wholesaler has always been 70% of ARV minus repairs minus the assignment fee. Obviously, it will differentiate by how competitive the market is. In some states, it might be 70% and others might be 75%.

My question to you all is when I take the ARV and times it by whatever that percent is, let's just say 70%, what exactly am I taking into account in that 70%. Holding Costs and the profit that you are looking to make?

Thanks in advance!

Jennifer, no i greatly appreciate it. This is very helpful.

So as long as you're making 20-30k on a flip then you're fine with that, right?

Good afternoon investors,

Can anyone tell or shed some light as to what is the minimum % of the ARV (excluding repairs) are flippers looking to purchase properties at in DFW or in Texas?

Thanks in advance!

Good morning Texans,

Does anyone have a good article to share about Texas regulations when it comes to text blasting, cold calling and sending RMVs? 

I tried searching google but nothing useful is pulling up. Thanks in advance!

Good evening investors,

Can anyone recommend a reliable software that lets me send out text messages to my list but will only charge me per hit or per message sent instead of paying for a subscription? 

Thanks in advance!

Good afternoon fellow Texans,

I am facing an issue where I requested a water shut off list from my near by cities and the complied with my request, however, they were returned with just an address and no names.

I have requested to have the lists be sent to me with names on the properties and I was told that because of Texas law that is confidential.

How are wholesalers and/or investors getting around this?

I believe we need names to at least skip trace them. Is that correct?

Good afternoon Investors,

I am just starting out and don't have a lot of marketing budget.

I wanted to see if anyone can recommend good software for ringless voicemail marketing, text messaging and skip tracing where I don't have to pay a high monthly cost and can potentially just pay per hit.

Thank you in advance