All Forum Posts by: Roland Brown

I think a base hit is a much better plan than hitting out out of the park for a first property. You’ll get so much experience going through the process it will very quickly help you step to the second. 

To clarify are you looking for a 2 - 4 unit? 

FHA comes with an insurance premium that never goes away. If you are occupying one unit the conventional loan has a reasonable down payment size as low as 5% at times. I thi conventional is always idea.

I’m a student, been through the course and am actively working through the steps.

I am glad to compare this to other training courses and master minds, the training is a tool, and like any good tool it doesn’t do the job for you is simplifies the job.

As a Realtor/ Investor I’m involved with many kinds of deals and one area I had been lacking was qualified education in land and development. Got me in my career as a Realtor I have worked with many people looking to land bank, but now having taken the course I can give more targeted strategy guides on where to buy land that will maximize their planned hold time.

For me personally I have new knowledge how to identify the right land to buy at the right price, with a clear understanding of who will be my ideal buyer when I am ready to bring the deal to a partner.

The key learning I received was:

- How to target a property with development potential

- How to set up the contract with the right contract terms in place

- How to educate a seller or money partner about the development process (timeline, expectations, and strategy)

- How to get insight from the city planning

- Who I need as partners to run the deal

I think the training is terrific and can be a source of wealth if a person is ready to put in the effort, and has patience.

Experience is the only real teacher, so I’m at take action mode, glad to chat one on one if you have questions.

Hi Lily, 

Echoing a lot of what  @Michael W. McCord said the Garland is one of the better cashflow Dallas suburbs, though the appreciation lags other markets in the area. It is the city I recommend to the cashflow investor wanting to be in Dallas Market. The best strategy in garland is Buy / Rehab / Rent / Refinance (Note: the value jump after the rehab is not usually enough to get all your cash back out). 

Generally the area of Garland is in a regentrification pattern.  Most of the tenant class will be blue collar looking for nice but affordable. 

Top areas of interest to Garland would be the Freewheel area with shopping options, as well as the Lake Ray Hubbard. 
The proximity of Dallas employment, University of Dallas (In Richardson), Whiterock lake, Dallas Arboretum, and Freewheel are some of the more appealing components locations attracting someone to live in Garland. 

Newbuilds: Unfortunately right now (April 2021) in the newbuild sites most home builders (Across DFW) are reserving the homes for people buying a Primary residence. The margins are better, and they are selling into inventory 3 - 6 months out from completion. This will change as soon as the current inventory squeeze changes again. 

@Onan Dumas nailed it with cities to the east, south, and southeast.  I am always a fan of the path going north as well, with Anna, Van Alstyne, Pilot point, Aubrey, & Crossroads all have great long term growth areas  potential as they are not yet fully developed with relatively good transportation into Employers.   

Sherman is an opportunity area for sure, the lower price point pencils out better then a lot of the DFW area. 

One of the best parts is you can still make a decent Cashflow there. Get lined up with a good contractor and I think you have a winning formula. 

Good luck!!

@Vu Nghiem

I have a few I’ll share. I’ll pm you

@Martina Su

Anna has great options, it’s farther out on the timeline for path of progress, there are good options there too.

@Martina Su

Strategy is an important part of the question here, cashflow investors will perform ok, but other markets are better. If cashflow is your main target I’d recommend looking towards Arlington or other mid cities.

The investors in the Plano, Allen, & Mckinney area generally are going for a long buy and hold plan. Farther up 75 In Melissa is also great opportunity with the same underlying employment and strong school factors at a slightly lower price for new/newer homes.

We have had good luck getting cashflow for investors in the Melissa area in homes that rent quickly.

The tenant class can range greatly depending on which neighborhood. One of the the big draws to the area is the number of Fortune 500 companies that bring in employment. Additionally the schools are quite good in the area.

The current demands for homes in this area drives the price up, but that being said, the employment draws, and strong schools are good leading indicators that investors in this area are making a safe long term investment.

@Aaron M.

Hi Aaron,

There are lots of strategies out there. I live in McKinney and have helped several folks who want to invest in the path of progress, Melissa’s a great market for that north of McKinney.

I have invested in McKinney and in Houston. If cashflow is your primary aim, SA or Houston has better prospects.

I have not had trouble managing from far, with a good handyman for repairs and a thorough background search it’s quite simple to self manage. Though I’m guessing you already done a bit of that it sounds like.

Glad to hop on a call and answer questions.

@Andrew Neal

Do you do any buy and hold - TX or CA?

@Zachary D.

I love the McKinney, Frisco, Plano Allen area.

Hard to find Multifamily there at that low price point.

Little Elm seems to have more Duplex options.

There are a few Wholesalers that may be able to land a deal you are looking for, thought looking through my email I don’t see them right now. Check out Net-worth realty I think 🤔.

Glad to add any assistance. When I pull the MLS I'm seeing properties far above that.

There are single family home options that meet your price point.