Dallas-Fort Worth Real Estate Investor Club

Wholesale property investment for rental income

  • 24 Mar 2015 10:45 PM
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    Message # 3265679
    Vik Mall

    hi all

     I am new here much like some others. I wanted to start investing in rental properties for additional cash flow. i was looking at some brokers in the dfw who want to push wholesale homes 3-6 homes fully fixed up. Basically i am looking for homes that are tennant ready or occupied since my work schedule is very busy i wont have much time to take on repairs etc... Whats a good place to start looking for undervalued properties? 
  • 25 Mar 2015 10:06 AM
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    Reply # 3266143 on 3265679
    Jesus Galaviz

    I think your best bet is to network with other investors/wholesalers.  Let them know you are ready to buy (you have your financing in place already?) and what you are looking for.  Stay in touch with these people so you will be fresh in their minds.  Grow your network as much as you can.

    You will also need to add other team players to your network.  Having a reliable leasing agent and handyman will solve a lot of your problems.  You will occasionally need a general contractor also.  There are many more positions on the team to fill, but these are pretty crucial.  These people will also bring you deals sometimes.
  • 26 Mar 2015 11:54 PM
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    Reply # 3271210 on 3265679
    Deleted user

    What's your budget?  I have a tenant occupied prop for $300k with an 8% cap.
  • 01 Apr 2015 9:09 AM
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    Reply # 3278412 on 3265679
    Michael Garner

    As a real estate consultant, I assist my clients that are looking for investment properties.  I have personally been involved in real estate for 20 years. Please contact me and lets discuss your investment profile and the type of properties you want.

     

    Michael Garner, REALTOR®
    Fathom Realty

     

    817.471.3614 Off
    972.841.5486 Cell/Text
    817.622.6119 Fax

    mgarner@fathomrealty.com

     
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