All Forum Posts by: George Nadian

@Jeb Durgin 

Hi Jeb,

Thanks so much for the warm welcome and thoughtful response—I really appreciate the insight. That $20k–$40k range for light cosmetic rehabs lines up well with what I’ve been aiming for, and I’ll definitely be sure to factor in that contingency buffer (I’ve already heard enough “surprise” stories to take that seriously).

Good to know about the hard money terms too—I had a feeling 14.99% was high, so I’ll start shopping around and getting more quotes. Appreciate the encouragement on that.

I’ll also check out the Dallas REIA and DFW REIC meetups—those sound like great spots to keep learning and connect with others in the game. Thanks again for the solid advice and support!

@Bruce Lynn 

Appreciate the advice—makes a lot of sense. I’ve been hearing the same from a few experienced investors: speed is everything, especially with holding costs stacking up. I definitely plan to stay close to home, so I’ll keep my search within a manageable radius to avoid the burnout and added expenses.

@Tyler Reed 

Thanks for the insight—I really appreciate you taking the time to break that down. That helps give me a much better frame of reference as I compare options. I’m still early in the process, so hearing what’s typical from people actively in the space is super valuable. Looking forward to learning more and connecting with folks like yourself as I get deeper into my first deal!

@Nick Belsky 

Thanks so much for the warm welcome and the helpful insight—I really appreciate it! I’m definitely trying to soak up as much as I can right now, and it’s great to hear that there are better terms out there than what I was initially quoted. I may take you up on that offer to talk shop soon—would love to learn more about what’s available on the lending side, especially for first-time BRRRR investors. Looking forward to connecting more on the forums!

Hi, my name is George. I’m new to real estate investing and have been actively learning by reading books and listening to the BiggerPockets podcast during my work commute. I work in roofing sales here in the Dallas, TX area and have been able to build up some financial reserves.

Over time, I’ve developed strong connections with local real estate agents and have been steadily expanding my contractor network. I’m currently in the process of getting pre-approved for conventional financing and also have a hard money lender who collaborates closely with my mortgage lender.

I’m preparing to begin my first BRRRR project and had a few questions I’d appreciate some guidance on:

• What’s a realistic rehab budget for a first-time project if I’m working 40–50 hours per week (Monday through Friday)?
• Is a 14.99% interest rate with a 3% origination fee considered competitive for a 12-month hard money loan with simple interest?
• Which areas around Dallas are promising for BRRRR opportunities?
• Are there any local real estate meetups or REIA groups in the Dallas area you’d recommend?

Thanks in advance—I’m excited to get started and appreciate any insights!