All Forum Posts by: James Richardson
James Richardson has started 2 posts and replied 4 times.
Quote from @Joel Broyles:
Hi James - there out there for sure. In DFW there are a number of larger wholesalers who can be helpful if you really know how to rehab and know your numbers cold - can be dangerous if you don't. This point is often debated, but there are still deals to be had in the MLS - many wholesalers get deals from MLS and then flip. I have clients and I myself flip out of the MLS, but you have to be extremely fast and ready to execute quickly.
When you say $150K-$250K range, are you talking buy price or ARV? For that sqft target I'm assuming that's a buy price?
I am unemployed and would need financing. I'm looking to find a deal and start off by buying in a good amount of equity, I'd be willing to put 20%-25% on a loan in the range I put above.
I am trying to find a good opportunity for a flip in the DFW area. I was looking for something in the $150k-$250k range preferably 1500-2500 sqft and in need of rehab any suggestions on where to start out looking?
I am looking to get into real estate and wanted to start off with a flip in the DFW I was looking for something in the $150k-$250k range (including renovation cost). Since I am 19 years old and starting out, would a hard money loan be my best option for financing my first deal? If so what would the process look like once I find an opportunity I'd like to invest in.