All Forum Posts by: Stuart Chinworth

Quote from @Jairus Burpo:

My wife and I are currently saving up a down payment for our first rental property to be purchased in spring of 2027! I am currently reading books, listening to podcasts, and looking at the BP forums. If anyone has any book recommendations, connections in the Lubbock area, or any insights they wish they knew when they were starting out, please don't hesitate to reply!

Exciting stuff! We started investing in Lubbock back in 2017 and have not regretted it one bit. From what I have seen over the years, it has proven to be a stable market with consistent opportunities to gradually increase rents. 

For me, the podcasts were the biggest help. I could listen to a couple each day and I think that really accelerated my knowledge base. They also cover a wide range of strategies and asset types so you start to get a better feel for the types of investments and plans that match your skillset, budget and bandwidth. 

@Weston Rutkowski I will send you a few options here in Hood Co. 

Quote from @Cameron Gundvaldson:

Quote from @Stuart Chinworth:

@Cameron Gundvaldson very excited for you. I think the best thing about real estate investing is that you can tailor your plan to fit your strengths. Knowing you are in Mineral Wells, I would start looking there. You might have a little less competition than the larger metro areas and you can quickly network. Networking is always key in this business, especially in smaller markets. 

Thank you so much for the advice! Any tips on how to start networking as far as finding a mentor to help with the first deal?

Focus on the networking piece and the mentorship will happen organically. If I were in your shoes, I would start reaching out to producing agents, local lenders, title companies to introduce yourself and ask them who are the most active investors in town. During all of those conversations, be as specific as you can about what type of opportunity you are looking for, so when it pops up, they think of you. 

@Cameron Gundvaldson very excited for you. I think the best thing about real estate investing is that you can tailor your plan to fit your strengths. Knowing you are in Mineral Wells, I would start looking there. You might have a little less competition than the larger metro areas and you can quickly network. Networking is always key in this business, especially in smaller markets. 

@Chris Ehrhart We defiantly have ways to pull that data and help narrow things down for you. Let me know what city you are referring to and I can see what the data tells us. Depending on how large the city is, I might need to know what area of town it's in as that could have an impact. 

Add the Texas Property Code to your bookmarks for quick reference. We have a few Clients that self manage but we handle the tenant screening, application and the lease agreement. For them it is worth the fee for us to source, vet and place a tenant. I think there are also some protections afforded to the landlord when using promulgated forms that are widely used. One system we use for tenant screening is TransUnion SmartMove, applicant pays the fee and the reports gives us a lot of good insight. 

The DFW market has a lot going for it—but if cash flow is your primary objective, it’s worth looking beyond the core metro area. Surrounding markets like Decatur, Sanger, Celina, Cleburne, Waxahachie, Granbury and Weatherford often offer significantly lower purchase prices and less competition, which can translate into better rental yields and stronger cash-on-cash returns.

One big advantage in these outlying areas is the leverage buyers have with new construction homes. Builders in these markets are often more motivated to close deals, especially when inventory is sitting longer than in the urban core. This gives investors room to negotiate closing costs, rate buy-downs, upgrades, or even price reductions—perks that can significantly improve your numbers from day one. New builds also tend to come with warranties and lower maintenance costs, which can further support healthy cash flow.

Also, don’t overlook the potential in small commercial properties in these surrounding areas. With population growth and local business development expanding outward from DFW, many of these towns are seeing increased demand for retail, office, and mixed-use spaces. Small commercial buildings can offer solid cap rates and longer-term tenants, making them a great complement—or alternative—to residential investing if you're focused on maximizing income.

Bottom line: there’s a lot of opportunity just outside the DFW core, and for cash flow-focused investors, it’s definitely worth a closer look.

Property Details

Overview

● Total Leaseable Square Footage: 50,000 sf

● Total Land Area: 4.71 ac

● Total Number of Buildings: 5

● Electrical Details: Three phase power available for all buildings

● Open space is fully stabilized

● Highway frontage

● Highway entrance and entrance from adjacent collector road

● 2023 Traffic Counts: 13,000 - 14,000 AADT

Building #1

● 11,000 sf

● Fully Insulated

● Fully Heated & Cooled

● Currently housing owner

Building #2

● 5,000 sf

● 3 - Manway Doors

● 2 - 8’ Roll Up Doors

Building #3

● 5,000 sf

● Currently Leased for $2,500/ mo

● Secure yard space

● 1 - Manway Door

● 4 - 12’ Roll Up Doos

● Dockhight access

Building #4

● 9,000 sf

● 1 - Manway Door

● 2 - Roll Up Doors

● Dockheight Door and Ramp Access

● Secure yard space

Building #5

● 20,000 sf

● Currently leased to UPS ($7,500/mo + NNN)

● 8 Manway Doors and 8 - 14’ Tall Roll Up Doors

● Could be segmented into 8 separate units.

BUYER NEEDED: OFF MARKET PORTFOLIO

Located in Granbury, Texas just 40 minutes from the Dallas/ Fort Worth metro area.

All homes are 3 bed / 2 bath located in the 76049 zip code and there is room to raise rents. 

Rob Dr - $227k. Rent $1,350/mo

Rob Dr - $230k Rent $1,500/mo

Dean Ct - $225k Rent $1,500/mo

Hidden Cove Trl - $218k Rent $1,500/mo

@Marcos De la Cruz I would highly recommend you reach out to Justin at Location Rentals. 806-794-5800. They have handled multiple properties for us over the years and saved us from a terrible PM in Lubbock.