All Forum Posts by: Stuart Grazier

@Matt Jones Just sent you a PM; I have some ideas and good connections doing exactly what you are wanting to do. 

@Youssef Labib I'd recommend expanding your territory and start looking at tertiary markets in the path of progress. There is tons of growth in DFW and if you look outside of it within an hour drive, I bet you may have a little more chance of success. People are moving outside of the city and teleworking much more and with the price increase within the city limits going farther out way make more sense. 

@Bryan Salvador I'd say start local (or close to local). Start networking with other investors in your area and get to know some of the top Realtors in your area (maybe Tyler if there isn't much around you). Have an investor friendly Realtor start showing you potential properties within your criteria and price point and evaluate deals daily. Also, I'd recommend getting preapproved for a loan so you can be competitive when it comes time to making offers. The best education is actually doing deals; don't sit on the sidelines and just continue to live in analysis paralysis. 

I don't think you could ever go wrong with buying in downtown Denver, especially if you plan on living in it. Cashflow may not be the best, once you move out, but I'd bet you'll have strong appreciation! 

My vote would be Colorado Springs because it is AWESOME! Tons of people are moving to Colorado and the market is booming. It isn't California prices (yet) and you can still find cashflowing property (and have a great chance of it also appreciating significantly). 

Love the idea @Josh McAuliffe and happy to help however I can. 

@Brad Seidel I've been doing a bunch of research on this strategy myself; the challenge that nobody talks about with going modular is the additional foundation and utility work that gets added onto the cost, which often doesn't make it worth it. I've been told to plan for an extra $90k - $100k in excavation, foundation, and utility setup on top of the cost to build/buy the modular. It's almost a zero sum game when comparing to the regular stick built products after its all said and done. Happy to talk through some of this with you if you are interested in connecting again. 

Hey @Tara Rose Iguidbashian! Welcome to BP! I'd love to connect and help out however I can. 

@Joe Funari is a great investor friendly agent in DFW. 

@Andy Collins Sounds to me like the best strategy would be to sell your condo and do a cash-out refinance on your personal SFR you live in.

Sell your condo because you have a ton of equity in it and the Return on Equity is super low right now ($1200 per year in cashflow / $220k in equity = .5%), and a refinance would just create negative cash flow. 

Refinance your SFR you live in to capitalize on the equity, reduce your payment because mortgage rates are so low right now, and take the capital and go invest it to create more income/wealth.

I don't think finding  an investment will be hard, you may just need to open up your market and/or asset class.