West DFW REIA Group

The "Watering Hole" for North Texas Real Estate Investors!


Nine Tips for Finding a General Contractor You Can Trust

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Contractor 

You're not alone if you've ever been in a difficult spot with a general contractor. Here are nine suggestions to bear in mind while you look for a general contractor you can rely on:

1. Insist on a license - This ensures that you receive important consumer protection, such as insurance requirements. Every state mandates that anyone or any business providing home improvement services inside the state must hold a state board license. The purpose of licensing is to make sure that those delivering contractor services are competent to do so and have satisfying additional criteria, such as passing criminal background checks.

2. Ask for referrals - Ask for referrals from people you trust. The best marketing is word-of-mouth, whether you are the consumer or the business owner. WOM marketing is among the most effective kinds of advertising since 88% of consumers prefer suggestions from their friends rather than those in traditional media.

3. Check with your local authorities - Check for any records of complaints or license suspensions. Verify the contractors' licensing status and any pending complaints by contacting TDLR or the Texas Department of Licensin
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Pros and Cons of Buying A House From A Wholesaler In Dallas Fort Worth

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Buying a house from a wholesaler is a great method to locate deals at deeply discounted prices! This post discusses the pros and cons of dealing with a wholesaler.

Only investors hire experienced wholesalers to identify the perfect properties when buying houses in Dallas and Fort Worth. Wholesalers, on the other hand, can assist any investor in finding a home at a significant discount. Working with a local property wholesaler should never be underestimated, whether you are a real estate investor or simply a shrewd buyer seeking a great deal on a home.

Pros of Buying Houses From A Wholesaler In Dallas Fort Worth/North Texas

Great Prices
When you engage with a wholesaler to buy a house in Dallas, Fort Worth, you'll be able to find and purchase a home for a fraction of the retail price. Before they are available to the general public, a wholesaler knows how to locate the best off-market assets.

Simple Transactions
Working with a wholesaler streamlines the process. They'll be familiar with the process, ensuring that you and the documentation are ready for the closing. When you buy a house from a wholesaler, everything is taken care of for you
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Entrepreneurial Struggles

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Hi, my name is Steve Liang, and I am an entrepreneur. I want to share some of my challenges and struggles being an entrepreneur.

One of my biggest struggles has been finding the right balance between my work and my life.

Early on, I was a workaholic. I would get up at 7, 8 AM, and work until midnight, and I would work nonstop, just focus on building - build systems, marketing, client base, infrastructure… you name it, the work is endless.

I LOVED this life. It was fun, and it was addictive, because over time you figure out what it takes to make the business grow, and growing is fun, addictive, and awesome.

But this “whatever it takes” attitude is not healthy. It was great for business but very bad for life. I was so focused on solving problems in the business, I neglected my personal life relationship. You know it’s funny, I always read about startup founders end up breaking up with their girlfriends, or getting a divorce, and I always thought, we are OK - it’s never going to happen to us, we are doing fine. Boy was I wrong.

About 3 years ago, my wife Kathy and I got married, and when we started talking and reflecting back, we realized that our relationship was on the verge of falling apar
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March Madness and the Real Estate Notes Business

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You know we have our own sort of March Madness in the note business.

Why?

Because some people are looking for cash because it is tax time or want to make that final big payment to pay off Christmas charges on a credit card, it could be it's not a liability but an opportunity has opened to you.

Since our business is a very niche and low-profile business, you owe it to yourself to determine if the note you hold is the best option for you to access cash quickly.

Actually, we are in the options business. We do not tell you to sell your note. We suggest you consider your options and decide what's best for you.

You will not know how good or bad an option is until you ask and investigate.

There is no WiFi in the Forest. But I promise you will find a better connection - (author unknown)

Robyn Jackson with BearCat Capital is a local Note Buyer and trusted sponsor of the West DFW REI Group and buys all types of notes.

To learn more about notes or to sell a note, call or email Robyn with Bearcat Capital Today!

To learn more, ca
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The Basics Of An Investor Wholesaling Agreement in Dallas Fort Worth

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A wholesale agreement for properties in Dallas-Fort Worth will be important to you as an investor, so make sure you grasp and understand everything about it. Learn more about the process and what to expect in our most recent post!

When two real estate investors/ wholesalers come together to find a distressed property at a low price, a real estate wholesaler agreement or a wholesale real estate contract will be required. The wholesaler enters into a contract with the seller to purchase the property, and then transfers or assigns ownership of the contract to the buyer. In essence, the wholesaler acts as a go-between between the seller and the new buyer, bringing together two people who might not otherwise have come into contact.

Contract Basics

There are many types of investor contracts available in today's investing world.  Some people use a real estate attorney to draft and evaluate for you to ensure that all terms and clauses are legally sound and make sense for all parties involved in the transaction. Many investors use their State created contracts.  In Texas, we use the TREC 1 to 4 family contract.  Even though there are num
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Self Directed IRA’s For Real Estate – What Are the Rules in Dallas-Fort Worth?

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A self-directed IRA can be a great investment vehicle even for real estate! Before you buy your next Dallas-Fort Worth investment property, read this article first!

We get asked questions from savvy investors we work with here at TMC Property Solutions. Most of the questions surround buying investment properties in Dallas-Fort Worth, Texas. Which we, of course, know a lot about. The biggest question about buying an investment property or rental property is how will you pay for it and can you use your IRA to buy local investment properties?

Self-Directed IRAs for Real Estate – Can You Use Them to Buy Dallas-Fort Worth Rental Properties?

First off, IRA refers to an individual retirement account. Individual retirement accounts (IRAs) are tax-advantaged retirement savings accounts that people can utilize to save and invest for the future.

IRAs traditionally hold investments like stocks, mutual funds, bonds, etc., mainly because that’s the mainstream way most people save for retirement.

However, after reading this article, you will see that real estate can be a fantastic way to increase yo
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Components of a Good Business Card

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A business card is not a memoir or biography of you. No one cares how great you are, how long you’ve been in business, your great service, and empty promises, no one believes anyway.

For any of your advertising to be successful, it must answer one very important question in the mind of the reader…

WIIFM?

What is in it for me?

In other words, who cares?

If it doesn’t answer this question, your cards are almost worthless. You have a nanosecond to capture the prospect's attention, and if you fail the cards will hit the trash as soon as you leave.

Fancy graphics, your photo, and any words that don’t contribute to answering WIIFM is a waste of space.

There is only one purpose of a card, sign, letter, ad, or most any other media. It’s not to sell anything… It’s to get the phone to ring.

Here are some common mistakes I see at every Quick Start School when I critique cards:

Don’t answer WIIFM: Leaving no reason to call. Many cards are worded so poorly you can’t tell what business they’re in, much less have a reason to call.

Too hard to rea
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What's Stopping You From Getting Started?

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What’s stopping you from getting started may be the question you’ve asked yourself for quite a while now. Because this is a simple topic to address, I'm going to keep this post brief today. It cannot be easy to put into practice at times, but the remedy is straightforward.

Here's the million-dollar question: 

"What can I do to overcome my apprehension and procrastination and get started"?

--Get rid of your excuses and your mile-long to-do list.

This week, I've heard more excuses from people who can't seem to get started in real estate investing than I have in a long time. They must wait until the stars are "perfectly aligned" before they can begin. You know, reasons like these:

  • I don't know where to start
  • I haven't chosen a logo yet.
  • I have to make a decision on whether or not to form a limited liability company (LLC).
  • I need to decide whether to use a yellow or green postcard.
  • I don't have a suitable image to utilize in my marketing materials.
  • I'm undecided on whether to use white or colored envelopes for my mailings.
  • I'm not sure where my buy-and-hold
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Should I list my home? Or sell to an investor?

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What types homes can be traditionally listed? (Yes, we can list your home also!)
The home must be in good condition and met general safety items on inspection report with no major repairs needed, but some cosmetic issues are ok. If major issues or repairs are noted on inspection, buyer usually requests repairs for seller to do before closing. Most lenders will NOT lend on home with major repairs needed. This is why many investors buy these homes.

What needs to be done before listing? 
At minimum the home needs a good cleaning inside and out, yard landscaped and clutter removed. Some staging is advised for best marketing for photos. Any painting or carpet cleaning needed should  be done prior to photos. Homeowners need to start packing clutter and personal items away before marketing photos done. All repairs finished before photos and showings. This step can take 1 week to many months!

How long before you get your money? Traditional sales usually take minimum of 45 days. It depends how fast you can get the home ready, decluttered and staged (see above). Then, add time for photos and listing prepared (usually few days). Once listing is active, showings can take few days to weeks before you get an offer. Once you have an offer, generally a contract takes additional 30-60 days before closing and getting your money.

What else? You will have to keep home clean and presentable during showings. You will need to leave the home during showings, taking kids, removing pets or securing them.
Even after getting a contract, there will be inspections, appraisal and times where buyer can have access to your home. Moving and closing dates will be negotiated, but usually what the buyer and their lender needs determines this date.
You usually will need to be completely moved out before closing and receiving your money. You have to keep paying for expenses while home is for sale. Many deals will fall apart and not close for various reasons, wasting precious time.
Bottom line is listing on the MLS will get top dollar for your home, but it does have some issues and can take longer (assuming home in proper condition to list).This is the "price" you pay indirectly. Listing is not everyone's best route, which is why we give other options.

Advantages to selling to Hidden Jewel Homes: 
We can purchase quickly and quietly. 
We can give you as many options possible on your home to how you to sell to us.
No cleaning or any repairs needed. Will buy truly as-is!
You don't have to move everything out, just tell us what you are leaving behind.
No showings disrupting you or invading your privacy.
No neighbors knowing your business or seeing your personal possessions.
Fair offers, frustration free, no fees and fast cash. 
We give you the most options compared to other investors!

We will work with your schedule- closing quickly in a few days, or closing at your time chosen. We will help you by meeting your needs, as every home and seller is unique. If you are behind on payments, or in pre-foreclosure, selling quickly can help save your credit.
Have confidence that we will repair your home to it's "Hidden Jewel" and make it a safe, beautiful home for our community. Our motto is "Leaving people and places better than we found them."
Contact us 817-800-4111 and get your all your options to either list (Lisa is a licensed REALTOR), or we will buy as investor. We can go over your situation and various options so you can choose the best scenario for yourself and your house.