All Forum Posts by: Jerry Tello

Hi Jose, there are multiple methods I like to use. But my favorite method is one my partners built. They hired a trianer who trains VAs to cold call homeowners. Once the VA gets a lead they send it right to us for follow up. This has been a great source of lead generation for us.

To taking opportunities 

 @Daniel Coleman:

Hey @Daniel Coleman,  I have recently come across an awesome developer here in the DFW. Andy Williams, owner of Rehab Warriors. Andy is a developer wokring on making affordable housing here in the DFW. He loves to help veterans pursue their dreams by tapping into his network to create your very own business. Let me know of you would like me to make an introduction!To taking opportunities

Hey Dhwani, the link does not lead to a property. But based on what you are saying, I would suggest on ensuring this property meets your criteria. Criteria can include location, population growth, job diversity, amenities, desirability of bedrooms and bathrooms, size, and comparable rents in the neighborhood. If you would like some assistance getting any of this information, I would be happy to help.  

I highly recommend you reach out to Alexis Farrar with Prime lending. Her team assisted me with my loan for a property I'm currently working on. They will be able to answer any funding questions you may have regardless if you are using them. Reach out to me If you would like to get in contact with them. 

Easily over $302,000 for simple cosmetic work and $315,000 for upgrading the bathrooms and kitchen. These numbers are conservative and will likely turn out better due to lower remodel costs and higher demand. @Joshua Janus Forgot to mention this is still a work in progress. 

Investment Info:

Single-family residence other investment.

Purchase price: $270,000
Cash invested: $45,000

Strategy for this property is
Buy, Live, Rehab, Rent, Refinance

What made you interested in investing in this type of deal?

The benefits of having a Long Term Rental are too good to be true.

How did you find this deal and how did you negotiate it?

Found it on the MLS

How did you add value to the deal?

Forced Appreciation by updating most of the home.

Stewart Title Company in Fort Worth, they work with you in just about any situation and walk you through every document to ensure you understand it.

What are you looking for in a home?

Price Range?

Bed/Baths?

Square Footage?

Intentions with the property?

I am Investing in real estate so that I can spend more time with my wife and family, to pass my wealth and knowledge to my friends and family, to ensure my families well-being, and to help children in need. 

Thanks for the input Greg Scott
and Bill Brandt. My immediate thought was the traffic and noise level may deter some tenants.