All Forum Posts by: Hattie Dizmond

What you're looking for is gap funding.  Unfortunately, for a newbie that may be difficult to find.  You might want to see if you could either sell the deal wholesale or perhaps partner with another investor for a % of the profit.

CA economic forecasts, by county, through 2040...

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&so...

So...what is your strategy or exit strategy on these?  Is this a flip or a buy & hold?  That's going to color my answer.

We could use a realtor partner.  I haven't found any that are terribly reliable and/or interested in working with investors.  :)  I'd be happy to exchange coaching services and/or let you shadow us on deals.  Give me a call and we can discuss it.

 You only have 2 posts, so I assume you simply don't know the forum rules yet. What you've just posted is an ad for your company's services and belongs in the marketplace. 

Hey Erick. Where are you located in DFW?

We would be interested in deals generally north of I-30. Specifically, White Rock, Lake Highlands and on up to Plano on the east side of 75. West of 75, we are looking at properties north of NW Hwy and east of Webb Chapel. Three bedrooms, 2 bath and larger. We don't have any max purchase price or ARV. We're just looking from good deals.

The Probate Guy has spoken!!

;-)))))

Hey Andrew!  What areas are you marketing to?  Is it only East Dallas?

@Chris S.

I agree with @Mike Makkar in that you need to constantly monitor your property value.  However, I would suggest you need to do that anyway, as a regular part of maintaining your portfolio, not necessarily to keep an eye out on your appreciation.  Here's why...

First, I personally discourage appreciation plays, unless you are in a market known for steep, fast appreciation.  (i.e. SoCal)  Getting into a deal with the hope of appreciation to make the deal work is basically gambling, and I don't like to gamble.  That isn't to say you shouldn't get into a deal that is a little thinner than you would otherwise, with the plan for a 3-5 year exit, if the property appreciates. 

Second, and this is probably the most important, you don't want to be caught holding a property after a neighborhood or area has experienced a major downturn.  You can get stuck with a property you are upside down on.

So, it's good practice to run CMA's on your properties at some regular interval. How often is probably a function of how well you personally know the area, but I would do it at least once a year. Just my 2 cents.