All Forum Posts by: Hattie Dizmond

I don't know what protection you're looking for or why, but a purchase contract is recognized by the courts.  The only additional protection you would likely be able to get for yourself is if you had an agreement spelling out specific damages for failure to perform or breach of contract.  There is some interesting case law in Texas involving buyers and sellers trying to enforce damages on purchase contracts for failure to perform.  The courts have generally held plaintiffs to an incredibly high standard in requiring proof of intent by the other party and also proof of financial harm.  

(not a lawyer and not a legal opinion)

@Brett Woodall  I agree with the city property.  You have a much larger tenant base there.  Although, I would make sure to keep my finger on the pulse of the surrounding area, just in case the neighborhood starts going downhill and you need to exit.  But, being in Texas, we deal with the language thing all the time.  You would be surprised how easy it really is to work through.  Heck...there are even apps you can install that will live translate for you!

@Jason Utley

It's amazing how you Net Worth & New Western guys just keep multiplying.  

@Bob Cooper

PM me.  I'll be happy to share with you a market analysis that provides all the information you need to satisfy that the Dallas economy is tied to oil.  The fact is, Dallas is incredibly diversified, and the single largest sector is actually technology.  Again, I'm happy to share the report.

@Glenn Mayo

Dude...what's wrong, you don't like the Seminary South area?  LOL

DFW is an extremely hot market right now, but there are cash flow opportunities.  It is simply a matter of what your criteria is for a successful  buy & hold deal.  Again, it's a seriously hot market, so you will have to have a local team to view and vet properties for you.  There is no way you will be able to identify a potential deal and have time to fly in to see it yourself.  It's a good opportunity, it will likely be gone in 72-hours.

@Nandy B.

There are a lot of coaching opportunities here in the Metroplex.  Jerry is right there in Irving with you.  I also do some coaching.  PM me, if you want additional information.

OH man...I saw this topic and thought you were talking about God's country and the big sky of Amarillo and the High Plains.

<sigh>....it's just Florida.  ;-)

the best laid plans...

There has been a ton of posts on this topic.  Just search the forums.

Short answer is you need to find reliable people on the ground to facilitate for you.  If you're interested in a market like Dallas, where things are selling at the speed of light, you need someone to view properties for you, because you're going to have to move on them immediately.

You don't mention what your primary strategy is. If all you're planning to do initially is wholesale, there's no real need to form an LLC at this point.