All Forum Posts by: Samuel Eastling

Hi BP Community,

I am opening up a discussion to hopefully learn and open up the floor to real estate professionals to connect with other CRE investors in the DFW area. I am just starting this endeavor to buy and build a CRE company, but work in the property management now to learn the basics. I would love to hear from investors, brokers, lenders, escrow officer, appraisers and mortgage underwriters.

Where do you see the path of progress in the DFW area?  

How has the market grown over the past 10 years?  Is it sustainable in your eyes?

What are you excited/nervous about for this market?

Are you preparing to buy, hold, sell or refinance in the next 5 years?

And feel free to share any wisdom you wish you had starting out!

Thank you,

P.S.  Don't feel as though you have to answer all of these, pick and choose what you want to talk about!

@Chris Reynolds. Do you have more details about this, when where ect?

Thank you!

Hello  @Tim Porsche,

I live in MN so our laws are little different but to my understanding of the laws these days.  You are not allowed to choose if you accept someone or not.  You create a guideline that abides by the fair-housing laws.  Then if your applicant is approved you must approve them no matter what you think of them.  Their e-mail doesn't matter, her story doesn't matter.  This is to protect you against a lawsuit.  I am not an attorney and you may want to advise one.

Best wishes!

Hello Mr. Sylvester,

I work for a property manager in Minnesota and our laws are different but I wanted to offer my thoughts.  First the "gut feeling"  is a dangerous area if you are ever caught taking one tenant over another it may be seen as discrimination and nowadays almost everyone is a protected class through the courts eyes. Also if you do get into trouble  As to you not wanting to rent to friends or a family with multiple adults.  I see multiple adults and I like it because more sources of income.  The easier they can pay their rent.  Especially if they ever do not pay their rent you have more people to chase.  

Best wishes, 

Hello Mr.  Gudim,  

There are many resources for you out there.  I know of three major events in the Minneapolis area.  

1.) http://www.mree1031.com/  This one I have never been to and do not participate in 

2.) http://www.mnreia.com/  This is probably the largest group of investors in MN and is a great place to meet many investors, wholesalers ect.

3.)  Biggerpockets meetup  while the Twin Cities does have a meetup I find it irregular and hard to plan around.  

4.) The last is Twin REIA, they are a small group but are great and I personally participate in it. You can use facebook and find the information on this group.

I wish you the best luck in your investing.

Oh well, it was just a thought, so even in 5 years when we have 3 times the amount of students defaulting you wont be able to buy them up, or leverage them or anything?

hello fellow BP'ers,

I am 20 years old and actually didn't go to college due to the unrealistic prices and uncertain ROI on my degree. Have any of you thought about buying up delinquent student debts. As more and more students get into default there is a growimg market for it.

Hi Virginia,

@Virginia Harris

Loopnet, there is a property in Rochester MN, for 192 units, check it out see what you think, almost brand new construction for 26 million?  Good luck and happy hunting!

@Vik Venkatraman

Where creativity abounds, capital is not required. For example, seller financing? perhaps you house hack for a year then refi to get out of there. Bring in partners for the DP or maybe just the mortgage. Look into getting a lease option for 10 years, low payments, high CoC return, leverage that income into a new deal. If you tell yourself you can make it happen, then get out there and put in work, you will make it happen.