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All Forum Posts by: Richard Helppie-Schmieder

Richard Helppie-Schmieder has started 63 posts and replied 246 times.

Post: Looking for 2 tickets to BP Con 2022

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

If you can no longer go to Bigger Pockets Conference 2022, please send me a DM! Looking for 2 tickets. Thanks!

Post: Dallas Flip Partnership

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

Awesome work and love hearing that you took the leap from engineering to RE.

Post: Experience or thoughts on Homeroom?

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145
Quote from @Jacky Lei:
Quote from @Richard Helppie-Schmieder:

@Eric Inigo I think their concept can be effective if there are enough people to fill their vacancy. As long as you are getting market rent or better and have great options to terminate contracts as needed in case they fill with bad tenants, poor management of your property, etc. it seems like a viable option for passive investing. You can most definitely make more by doing on your own, but their model of getting room mates together in a house who don't know each other seems like a management horror story to me. Do you have a specific property in mind that you own and are referring to for their services? Maybe I can add some insight if you do on the specific area and my investment strategy.


 Richard how I'm curious how you would do better as I have a hard time beating their rental rates since it seems renting out to 5 small parties brings in more cash than 1 party. Are you saying if you rehab and manage the property yourself and did what they did? To me as OOS investor, it's been hard to find properties that cash flow well


 Short-term rental would increase cash-flow for instance without the headaches. I have had the opportunity to manage properties with 5 random individuals that do no know each other, and it typically leads to disagreements in the house and people moving out early. Alot of times, the price point is at a point where the tenant pool is less than desierable. For me, I value my time and stress over a few hundred dollars a month in cash flow, because then I can focus on buying more rentals. I am sure it could work well in a student setting where everyone is attending a nearby university, but other than that, I don't think the juice is worth the squeeze.

Post: New Construction Help

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

Hey yall!

I am an avid investor and in the remodel business with around 30 SFR properties in my portfolio and have taken on my first new construction. It has been challenging to say the least. I NEED HELP! Are there any local high-end builders in Dallas willing to chat about the process they go through on the financing side as well as the sale side of things? When to sell? Cost of finishes? Timelines?

Post: Construction Costs in DFW

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

Hi Naveen, what tyoe of project is this and what does the scope look like? Maybe I can help with a little more information.

Post: Short Term Rental Master Lease

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

@Brett Smith Hey man! Would love to connect with you. We have a bunch of short term rentals and a few in Richardson just south of Campbell and North of Arapaho. Please text me at 214-769-8729 or give me a quick call!

Post: Do you see a conflict of interest here?

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

I am not a lawyer, but there is attorney-client priviledge on verbal communication. As well as this, attorneys typically run their clients through "conflicts" before taking them on as a client, to ensure there is no conflict of interest. If the attorney is an ethical one, you should have no problems.

Post: Looking for tile guy in Dallas area!

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

check out www.prorealdfw.com

Post: Start Up Investors in Dallas Area

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

@Jemeil Lambert shoot me a DM and I can share the first Saturday meetup group.

Post: Let’s Schedule a Dallas TX Meet Up!

Richard Helppie-Schmieder
Posted
  • Posts 266
  • Votes 145

Metup in DFW near White Rock Lake this Saturday 12/02 at 8am. Please send me a DM and I can get you plegged in. Dallas, Plano, Grapevine, Richardson, McKinney, East Dallas, Allen, Carrollton, Farmers Branch, Denton, Grand Prarie, Arlington,