All Forum Posts by: Stuart Chinworth

@Kanika Jain I know around the Lake Granbury area, we are very saturated with STR's. There are many POA's that do not allow them and there are very limited areas inside the city limits where they are allowed. Even then, you have to submit an SUP to the City to get their blessing. The properties that are consistently staying rented are the properties within walking distance to the Square and the 5+ bedroom lake homes.

@Roberto Soria I would give McKnight Title a call. They have multiple locations around the area and I've had nothing but great experiences with each one. 

I am not sure there's any tertiary market in TX that is experiencing a shortage of inventory right now. From what I am seeing, there is either a slight oversupply or things are somewhat balanced.

I would echo everything @Bruce Lynn stated. Lots of opportunity in the outlying areas. Being new to the area, finding subs to bid jobs at a reasonable price is probably going to be one of your major challenges. 

Also, if you are open to other asset classes, you might take a look at small commercial spaces in some of the outlying communities as well as light industrial spaces that need some TLC. 

@Dylan Hattem Whenever someone mentions they want to invest in the DFW area, I recommend they take a look at some of the outlying areas first as many people go straight to the heart of the metroplex. From what I have seen some of these outlying areas can provide better cash flow, less competition and less regulations. Let me know if you'd ever like to schedule a call to discuss. 

@Louis Alexander Cocita I would recommend Real Property Management Trailhead in Fort Worth. 

Most of the established builders usually have no shortage of land to build on, which they have most likely purchased below market value. If you are able to find a builder to partner with, you'll need to find someone who builds the type of home that aligns with the neighborhood. 

Before making any recommendations on builders, we would need to know where the land is located (in city limits, in the ETJ, the county?) and what types of homes are in the immediate area. Point is, you may be looking for a starter home builder and getting recommendations for luxury level home builders. 

Lots to dig into here but my "knee-jerk" comment is, don't wait. If interest rates continue to fall, more buyers will come back on-line and prices will start creeping up. 

Where you want to invest and the asset classes you are looking at, will play a role in how far your capital can go. You will also need to consider the amount of time you have to allocate to management. If you can give us a few more detail, I think you will get some very good responses. 

@Gerald Dougherty I would agree with Preston that showing an occupied home is not unusual. Always good to remind prospective tenants that it will be cleaned before move-in and request that your current tenant try to keep the home as "show ready" as possible. 

If you are getting multiple showing requests, you could batch those all during a one or two hour period on a Saturday or Sunday. That would reduce the inconvenience to your current tenant and convey to prospective tenants that there is demand for this unit and they should act quickly. 

@Account Closed Zoning can get complicated very quickly. Hopefully the knowledge gained can be used in the future though!