All Forum Posts by: Patrick Ellis

Hi Karla,

Mark makes some good points.  You also want to consider whether being a Realtor will help or hinder your investment strategy.  Feel free to reach out if you want to talk more about it.

Patrick

Price reduced on this one.  House needs some work. There is room to add an additional 400 sf onto the rear of the house, making it a 3/2 instead. 

Refurbed homes in the neighborihood are coming at $560k and go up to over $700k. 

ARV: $ 560k
Purchase:  $ 350k
Rehab:      $ 110k

Profit:        $ 100k

Adriana,

I'm a local Dallas agent. I'm happy to speak with you as you build your team.

Patrick

Rodney,

One of the things I ask Wholesalers to do is provide me with a list of 2-3 buyers that have purchased more than two properties from them.  It's a valid reference check and any Wholesaler that has repeat buyers should be able to provide it. The problem is that the market is so flooded with buyers, the wholesalers don't really care if you buy just one property. Because there are always new fish in the pond.

Good luck.

Patrick

Brandon, I checked on this one and you're not far off the mark for your ARV. I'm happy to help you with this if you need some additional help.

Patrick

DHruva,

Hello and welcome to BP.  I would definitely recommend reading J. Scott's book as Paul mentioned.  If you want to connect with a local Dallas agent, please send me an email. I am happy to help.

Patrick

Kyle, welcome to BP. To answer your quesions are yes, yes, and yes. You should join a local REI, talk to an (investor friendly) agent, and reach out to others that can help. I am an agent in the DFW area. Feel free to reach out if needed.

Patrick

Hi Ross,

I am happy to help you as an agent in the Dallas area.

Patrick

Guylaine,

You've got an interesting situation there. I am happy to talk with you more about the CMA and ARV for the property. Please give me a call or private message me to diiscuss your situation in more detail.

Patrick

Jing, Welcome to BP.  I am a local Dallas Realtor working exclusively with investors.  I'm happy to talk with you more about your plan and what's available in the DFW market.

Patrick