All Forum Posts by: Diego A.

It is going to be difficult for them to agree if they see that the foreclosure will pay Fannie Mae and themselves.

How much is the UCC lien? Are they negotiating?

Investing in new builds is becoming challenging too. In my area around Flower Mound they are still allowing it but prices are high.

I know that new builders in the Fort Worth area are allowing it too, but most of them are.small builders and you need to dig in to find them.

In Texas i have seen 85% of properties with carpet in the bedroom. I am not sure you would lose tenants if you don't put them in. I feel that is a more efficient way mainly when they have mascots.

I haven't tried myself but you are giving me an idea for the next project in my rentals. It has got very difficult to clean the carpets so replacing them every time a tenant leaves is no cost efficient either.

I haven't done a complete rebuild, but I am working with a client so he can build in a land. The permit seems scary but it is not that hard, you just have to go to the city and talk with their permit department to figure out what all you need.

The contractor has to be registered in the city to be authorized to do the work.

Of course, there are going to be a lot of documentation and the city will need to inspect the process. This is in general done by the project manager handling the project. 

In my investments, I am doing the project management and my general contractor works with the team to complete the work, when we present the permits you have to be very well organized to make sure all paperwork is in place.

There are many factors to look at. Are those neighborhoods growing? What is the expansion plan from the city? How home values appreciated against other neighborhoods?

Then it is important to know what is your investment strategy, risk tolerance, and time that you are going to dedicate in the game.

The easy way is to wait the 2 years but this is all about cost benefits. How much you will profit from the sales? how much you will spend in Dallas to wait for it (rent)? Can you afford to buy a new house without selling the Chicago home?

I would say that I am seeing a good growth in Xplex in DFW now. Good places are Arlington and Fort Worth in my view.

Townhouses and condos are difficult beasts, I would prefer townhouses, I have some investors friends that they didn't want to go with a mantainance headache so they bought townhouses, but those are expensive and they are Long-term.

Condos are a bit old in DFW

However, all deals on that you would need to have an investor friendly realtor to help you with.

Wherever you move, make sure that you are close to work. Being a nurse isn't easy, and with the long hours you would not like the commute. My wife is a nurse and I am telling you that was hard for her.

Texas is a good place to start. I know small towns around DFW that are in need of nurses, so that those places are booming with AirBnB investors.

And to reiterate don't overthink, I know for a fact, because is time wasted that you might not recover.

When moving, the best is to have a guided hand to your side so look for that one, a friend, a family, a colleague, classmate, or even a realtor (don't get into the sales pitch and make sure that he provides what you are looking for).

You have to use the same strategies that wholesalers do. Go to court houses, door knocking, etc.

I have many wholesalers that are sending me deals but the Xplex are very limited due to the fact that there aren't many. Fort Worth is a good market but most of the Xplex are new. Old ones can be found in Arlington area.

We are in the process to buy one and I found it in MLS with a good cap rate, so if you work with a realtor specialized in investments you might be able to get a good deal without going off market.

Why are you looking for off market deals?

You have to check more than one. I found that difference when forming a few LLC, where I got quotes from $300 to $15,000.

@David Krulac is that in PA, right? Prices could be different in Dallas.