All Forum Posts by: Brad Smith

wow, thanks for the warm welcome. Thanks for all the info, as well as hospitality. @andrew yes I have looked in the area and tried finding groups. Found one, but was not to my liking. Will also make the post you suggested. @mark I am an avid podcast listener as I have a 45 min commute to work one way. @tom thanks for the luck can use all I can get =)

Ok, where to start. My father and I are looking to get in touch with a wholesaler or a Realator in the east Texas area to start our real estate portfolio. Looking in Tyler, whitehouse and Bullard areas of east Texas. We have a bit of cash and are very hands on savy with repairs. Would be interested in a brrrr strategy house or even a turn key if it makes sense. I am in dallas, father is in Tyler. Would really like a 3-4 door multi family or one or two sfr. Thank you for your time.

well it is a spotless, well taken care of house as well. Will have to put $0 into it before I can rent it to someone else once he moves out. 

thanks for all the advise. Says it won't let me send you a message

I'm sorry if this is a stupid question. Why would I put down as little as possible.  The more I put down the better the cash flow. Not arguing at all. Just wondering.

well I could get the house for 30% down

no that's what I'm putting down. Can finance the deal any way I wish.

Hello, I am new to real estate. Have been reading up on many things in the real estate world. I have a question. I have a deal that I am looking at and would love some guidance. I am looking at buying a 140k house in a nice neighborhood here in Texas. I would put 100k down and would fianance the rest thru typical bank financing. The house is 1507 sq feet. All the rentals in the same sub division at the same price and square feet are renting for 1350-1450. The guy I'm buying the house from is a friend and wants to stay in the house for 6-12 months after I purchase it from him and rent it from me. Reason is because he wants to have the cash from the house available when he finds the right house for his family. I'm sure I have left out a ton of stuff that you guys need to see if this is a good deal or not. Any advice would be helpful. Be gentle, it's my first time!