All Forum Posts by: Vernon Watts

Shalom Victor, you do it very carefully. Check your market, (if there's not one start one) if you're the owner put it up for sell, if not JV with another Wholesaler, (like me) or a real estate agent or broker. Or, rent it out, or Air BnB it out, you see the point I'm making is that the real estate market is fluid. DM me if you want to talk.

Happy Hunting, Vernon

 Thanks, guys for the inciteful info into the makings of Keystone Funding Network. I needed deeply to read these replies on this company. I've been taking with them for 2yrs now but haven't pulled the trigger on what they bring to the table. I have an interview* with Justin today. Mark, I love your breakdown of what Keystone is looking for in a deal, it's well informed for sure, which lead me to ask, are you a broker with them? or work for them in some capacity? 

This has been one of the best group attentions to detail I've ever read on BP. Well done all of you guys.

Happy Hunting, Vernon  

Shalom Max, Most all southern Dallas, West Dallas, East Dallas (if you can win the bids) In the North Dallas areas, you'll have to do a lot of diligence to find a good money deal or have major capital to make money there. But there always that one property in distress that shows up every now and then. 

Happy Hunting, Vernon   

Hi BP Family

Good point Will, But as someone who doesn't have an website with the proper SEO. Are all or most SEO websites builders the same?

Indeed JD Martin, You're totally on point. 

If that's true, then the off loading of these properties is where the good money will be. It should swing back around to the investors and buy and flip purchasers, at a lower price scale. After all, it's better to have a gain on what you lost, then to lose it all by keeping property you can't move over a long period of time.

Happy Hunting, Vernon

Say, let me just say take your pick, the AVAC market is flooded with great companies more than qualified to take own such small fry. A#1 Air, Bakers Brothers, Texas AirZone LLC, Aire Texas Res. On Time Experts, Air Patrol AC& Heating etc. All of these are 5 star and there's many others. Look them up by name in the DFW metroplex and take your pick. Happy Hunting

Hi Calandra

Happy holidays and welcome to the DFW real estate market. Alex is right, DFW is saturated with Wholesalers, real estate brokers and realty companies working hard for there share of the real estate market. But, although competition is fierce here, the pie is larger, and the players has selected areas where they prefer to work in. So, apply yourself and stay true to your skills, closing on properties and helping home owners out of bad property deals, my guess is that you'll do just fine here. Seek out areas you feel comfortable working in, and do your thing. By the way, I'm a real estate wholesaler also.

  Vernon

Hi Jordan

Happy Holidays to you as well, You sound like you are new to having interest in Seller Finance which could be a red flag for those owners who's looking for experienced property management personnel (young or older) which has no barring on age. Your best approach (according to your explanation) to finding your Sellers finance deal and managing it, it to purchase a rental four plex, live in it and manage it on your own. Stick with the 1% rule (depending on the area) to gain capital per year. I'm a real estate wholesaler and want nothing to do with owning and managing property, but I found many unhappy rental owners because of various reasons I care not to mention and many happy rental owners as well. Back to you, find a rental unit that you like (say a two-four plex) for around that $200k you mentioned, charge each unit 2k per month and see where you'll be at at the end of the year, make adjustments to reach your capital gain goals and repeat the process when you can. 

  My friend, there will be other BP family great opinions that will chime in, with more excellent ways for you to get to where you want to go, so stay tune.

Vernon

Hi Carlos

  The information that Alex and Hayden shared is on point , you should keep what they stated and use it to your advantage.  I always start my rehabbing estimations with the square footage in need of repairing in a particular area. For an example; in most South Dallas neighborhoods, the rehab cost is generally between $45 and $55 per square foot.  In North Dallas its between  $65 and $75 per square foot. Than you add some upgrades (at costumers request)to your cost of square footage. For me, that a great starting rehab estimation. I hope this and the other comments will help you fill comfortable with your rehab starting  point.

  Happy Holidays, Vernon