All Forum Posts by: Mark R.

Every builder will sell to investors at some point. It may depend on what you pay per home, how their community is doing for sales/margin, and how many homes you buy. They also care will care how you market the property, how you run your property management business in regards to how it may impact a community that they are still selling in.

Get an attorney.

CA flipping can be very different than TX depending on where you were doing it... ie. Murrieta vs Oakland vs DTLA. There are some similarities you'll see here in TX.  You'll see it in design too. In CA we were doing a lot of tile and quartz, where most submarkets in DFW are still hardwood floors and less contemporary.  As a Texan I had to learn about things like Rampart fireplaces and earthquakes, and you'll learn more about our foundation issues and the primary bedroom preference downstairs here.

If you're into design and big remodels, you'll likely want to think about 750k+ homes ~1990 vintage and older. Those can be a lot of fun and you add value by bringing them current/trendy. The homes under 400k for flipping in DFW are going to be a little boring in most cases, IMO. From what I've seen recently it is very competitive.   Let me know if you want to chat, feel free to send me a DM.

Hi Jen, ditto to Bruce - what do you need? I have an agent team and we might be able to help.

Hi Nicholas, there are duplexes in the area, but they aren't quite as common as in other places I've done real estate. Prices in DFW are up quite a bit in the last four years as our rents, it depends on where you are looking.  I think the strategy can make sense considering what your goals are. Purchasing a half-duplex on one property ID is also possible, so keep an eye out for that. If you want to chat about rentals feel free to send me a DM and we can chat. I'm a broker with a team, but always glad to just share a little of what I've learned.

Hi Madison, I'm not a commercial agent but I know a few that are very successful in the DFW area. Send me a DM and I can make an introduction to one and you can take it from there.

Hi Shahrzad, I think this is a fine way to get into rentals. I'm not sure exactly when but this has evolved into "house hacking." The concept has been around for at least 20 years. I'm bullish on the north suburbs like Mckinney, Frisco, Allen, Melissa, and even Anna. As Andrew mentioned, the rental yields aren't great as you push higher in price... but it also depends on what your goals are. You can expect a different experience at rents of $2500-$3500 than $1500-2500.  DFW has become a sort of middle ground of rental yields versus home price appreciation. Who knows if that keeps up? All things equal I'd be looking at economic growth in the north burbs and the long-game of holding a rental 10+ years.  If you need any help, feel free to DM.  I've got an investor client I've helped with three recent acquisitions (from MLS!) well under appraisal in the last few months so it is doable.

Hi Randall, I have a few that are always buying. Send me a DM.

Hi Nelly, welcome to BP. Multifamily is an interesting and hot topic right now.  A lot of syndicators arrived on the scene in the the past 3 years and not all those deals will be looking good. Prudent and reliable operators who know what they are doing are usually the safest best.

Welcome to BP.  Tell us more about the new build. I've done a lot of RE stuff, but never that!