All Forum Posts by: Lionel Mosby Jr

Hello all.  Just starting out in real estate investing.  I'm a firefighter and have a side business doing home inspections.  Doing very well in both of these but working almost everyday and would like to add some passive income streams for wealth building as well as just in case I get hurt and can't work any longer.  Looking forward to meeting some members and hopefully being able to give back to others as I learn about investing.  Thanks!

Hello, My name is Lawrence and I am trying to get off market deals, I have been skip tracking my absent the owner list and Cold calling the list with my hired VA. However, I have not been able to land any deals. My mentor tells me that building relationships is the best way to get a deal nowadays. I am interested to know what other investors are doing to land deals and how are they going about building relationships to get deals from wholesalers, brokers, or agents to get make a profit at the end of the rehab

Plenty of pockets friendly to those sort of developments in Texas. To put your question in context of breadth however, it is sort of like asking "can you build a house in California?" Yes, but you need to narrow it down a lot to have a coherent answer.

You will have to look at (I'd recommend in this order) the city codes (if it's inside a city, many cities above 50-100k population aren't friendly to development of these), the county codes (most counties are friendly to these, but you will probably have significant issues in major counties like Bexar, Travis, Dallas, Denton, Tarrant, Harris, etc), then you will have to comply with the state-level (TCEQ and others) on the water supply and waste water treatment systems.

To put it in perspective again, in say Dallas or Austin, you will likely have prohibitions or very significant hurdles on developing RV or tiny home properties even on unincorporated, "unrestricted," AG-zoned properties at both the city/municipal level and county level. Meanwhile, in unincorporated areas of Smith County, there isn't even such a thing as a building permit. All you have is either deed restrictions or state-level regs on septic/water supply. Many areas are still like that in TX (no permitting office, no building permits or zoning), while others are highly restrictive like (Houston, Dallas, Austin, San Antonio, Etc).

Dallas and Austin Top Texas Cities For Foreign Investment

Association of Foreign Investors in Real Estate) – According to a survey from the Association of Foreign Investors in Real Estate (AFIRE), ​Austin and Dallas are top U.S.​ markets for​ international investments in 2021.

Survey found 30 percent of all respondents cited Austin as a top three market for planned investment this year. Austin tied with Boston for the top spot for investors. Dallas followed closely, ranking third with 29 percent. Rounding out the top five were Atlanta and New York City, at 25 percent and 21 percent, respectively.​

Some 33 percent of respondents said Austin would be a top three market for them in the next three to five years, more than any other market. Boston and Dallas tied for second at 24 percent.

Meanwhile, 23 percent of respondents identified Austin as their top target market, more than any other market. Austin's top ranking on this list is unprecedented, according to AFIRE, as a tertiary city has never ranked No. 1 before.

Overall, 90 percent of respondents said they plan to increase their position in U.S. cities over the next three to five years.

Of the markets foreign investors plan to leave, New York, Chicago and San Francisco top the list. Houston was also in the top five.
Multifamily and industrial property are the biggest targets for foreign investors over the next three to five years. ​Interest for office and retail property has cooled, but hotels are gaining interest.

Investors from Asia, Europe, and Canada are expected to make the biggest contributions within the U.S. real estate market over the next few years.

The survey gathered insights from 101 respondents across 19 countries.​​

Hi everyone,

I am looking to buy my first rental property. Where would be a good place to buy? Thanks!

Hey everyone, I'm fairly new to the real estate investing space and right now I feel stuck. I am a "recent" transplant to the DFW area (Recent = moved here one week before the world shut down. So in-person socializing wasn't exactly feasible). Currently I do not have the financial resources to invest my own funds, yet I am passionate about actually getting started with my journey. I do know that I want to start investing via buy-and-hold SFH in the Midwest. But that's about as far as I've gotten so far. I fear that I'm spinning my wheels with no real direction. I'm not sure what the next steps are.

Hi,

Im looking to connect with Texas Investors. I am starting in Houston but anywhere in Texas is Great! I am interested in Texas because "Everything is Big In Texas," so why not start there? I would love to network with others and offer help wherever I can!

@Lionel Mosby Jr Thank you for your advice and encouragement. I really appreciate it. I will have to look into wholesaling more. I know more about flipping houses, but I've heard that wholesaling is a lot faster. 

@Lionel Mosby Jr Hi Lionel, thanks for your response. I'm looking for a SFH and primarily looking for it to cash flow so I can buy and hold. I'm not familiar at all with the Prairie View area at all so I would be out of my element, I'm definitely more comfortable with the BCS area but I appreciate you being willing to help out!