West DFW REIA Group

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

Author: Martin Garcia (16 articles found) - Clear Search


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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Getting Started in Real Estate Investing

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Diversity of Real Estate Investing

7 Feb 2021
Real Estate Investment | Longhorn Investments

If you own your home, your home equity may be your biggest asset. However, few people consider home equity an investment asset because it does not produce income. Rather, its value comes as collateral on a home equity loan, home equity line of credit, or mortgage and it can only be monetized by selling the home. To generate income from real estate, you need to be involved in real estate investing.

The housing bubble of 2008 disabused investors of the notion that real estate will always appreciate in value. On the contrary, real estate is subject to the same market forces as any other asset. However, real estate has a few attributes that make it uniquely suited to any investment portfolio – land is in limited supply, location determines value, real estate lasts forever, and the property has multiple uses besides investment. Because of the uniqueness of real estate as an asset, real estate investing can be attractive as a side gig or as a full-time job. Here are some considerations for getting started in real estate inv
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TREC 1 to 4 FAMILY CONTRACT UPDATES: OPTION MONEY

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Starting February 1, 2021, Texas Real Estate Agents have the option, but not the requirement, to use the new TREC 20-15 1-4 Family Residential Contract (Resale), which contains new provisions for the Title Insurance Agent to receipt and disburse the Option Fee.  This contract form becomes mandatory for use by all Texas Real Estate Agents after April 1, 2021.

Changes from the prior 20-14 form contained in the new 20-15 contract form include –

      Deleting paragraph 23 dealing with the Option Fee, and combining Option Fee provisions into paragraph 5 with the Earnest Money Provisions.

      Both the Option Fee and the Earnest Money are to be delivered to the Title Insurance Agent, referred to as escrow agent in the Contract form.

      The Option Fee and Earnest Money can be delivered in a single check, rather than in separate checks as required previously.

      The new Contract form now provides for a separate receipt of the Option Fee and the Earnest Money, with the receipt of the Option Fee being subtly changed from being signed by the Seller’s Br
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