All Forum Posts by: Account Closed

Make sure they have proper GL insurance (when I checked they didn't and owner knew it and told me to find a new company). Call the carrier and make sure it covers foundation or plumbing. Also make sure you get an engineer to prescribe the work and check the work, pre and post elevations, GL COI, and full bids and invoices with all the work to be and that was performed, warranty paperwork. I am now VERY sorry my GC didn't take care of these things.

Hey Ryan, I have a property i'm about to flip in Garland as well. Thanks for the save on verifying their GL COI. Can you refer any other trusted foundation expert out here in Garland?

0 Votes

Hey Richard! This is awesome. My partner and I will see you tomorrow at 8! Coming from the Haslet area :)

0 Votes

Dallas, Texas

Quote from @Alicia Marks:

Hey everyone! I'm working on a few locations, but I'm tentatively looking at doing the second Tuesday of the month from 6:30-8:30 as a standing meeting time. At least for now it looks like there will be a meetup fee to cover the space and likely appetizers. I'm talking with Sidecar Social again, but if anyone has some other suggested places that would be awesome too.

Hey Alicia :) how is next Tuesday looking for the next meet up? Let me know if you need any help!

1 Vote

Dallas, Texas

Quote from @Alicia Marks:

@Account Closed glad you found the thread I was telling you about. I'm hoping to look for a regular day;/time meetup this week. I'm still catching up from BPCON.

Oh this was it! Right on.

I bet!! I'm still hype from it!

1 Vote

Dallas, Texas

Quote from @Alex Ramirez:

@Account Closed you sure can invest in a syndication as a sophisticated investor. The SEC does not require you to be accredited under a 506(b) filing. The SEC says the following:

Under Rule 506(b), a “safe harbor” under Section 4(a)(2) of the Securities Act, a company can be assured it is within the Section 4(a)(2) exemption by satisfying certain requirements, including the following:

The company cannot use general solicitation or advertising to market the securities.
The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchasers. All non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment.
there is another rule under a 506(b) filing.
here is a couple of links for more info:
https://www.investor.gov/intro...
https://www.sec.gov/education/...
Reach out if you have any other syndication questions. Happy to help you

This is fantastic information, thanks @Alex Ramirez!

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If you had 100k in your SDIRA where would you deploy it if you wanted to remain passive but wanted to understand the business.

Not accredited just yet, so I can’t invest in syndications 😞

2 Votes

Hey @Daniel Schlittler! Awesome you’re doing this. Missed the last one. Any chance you’re getting an October meetup going? 😊

1 Vote

Dallas, Texas

Hi Andrew! Totally separate from the loan process. (I can see how that can confuse people especially lenders)

But I want to buy a property myself and BRRRR or Flip it but it's a new space to me and i'm seeking a coach to help me on my first one. To watch over my shoulder or show me how they do BRRRR's here in the DFW area.

0 Votes

Dallas, Texas

Hey guys!

Jen here. Before the end of the year, my goals is to jump into the BRRRR or flip space after owning 2 LTR, 2 STR to grow my wealth by value add. I just finished reading David's BRRRR book twice!

I’m looking for someone to watch me underwrite the deal, teach me right and wrongs and if i’m underwriting deals correctly. If money from mentorship is the value you seek for weekly meetings to get me started and taking the leap, i’m open to discussing! Someone experienced in the Dallas/Garland area preferred.

Thank you!!

0 Votes

Dallas, Texas

Quote from @Bryan Lehner:

I've been using Apartments.com to collect rents. It's worked pretty seamlessly so far.

Same here! Been using it for 2 years. From cozy.co to apartments.com. I like it cause it's free for me. I like their customer service. Barely ever a wait time. And I get to charge the tenant background and credit check through there.

Works for me & no issues with tenants paying through there who can do auto-pay from checking account for free. I don't use their lease agreements - I use biggerpockets pro lease agreements, have them sign it docusign, then I upload via apartments.com portal.

9 Votes

All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 14 times.

Post: BEWARE! Quality Foundation & Plumbing (Texas)

Post: DFW Real Estate Investor Monthly Meetup- Saturday, November 5th

Post: Dallas/North Texas Meetup

Post: Dallas/North Texas Meetup

Post: Self Directed IRA where do I invest?

Post: Self Directed IRA where do I invest?

Post: Dallas/North Texas Meetup

Post: Seeking coaching for underwriting BRRRR’s / Flips in DFW

Post: Seeking coaching for underwriting BRRRR’s / Flips in DFW

Post: Landlord apps for rent collection