Investment question. I'm curious to know if there is a lot of flipping going on in Fort Worth. Anyone working with investors?

Asked by Jose R. Reyes, Los Angeles, CA Mon May 23, 2011

Have a friend that is strongly suggesting investing in Fort Worth. I'm curious to know if any agents work with investors that flip. Can you give me a typical scenario for investors with cash in this area. Thanks

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David Cooper, Agent, Los Angeles, CA
Thu May 26, 2011
Jose. Since you list Los Angeles as your location, I would suggest resist investing in anything further than 2 hours by car or plane. Murphy's Law applies to flipping foreclosure laws. You will need to be close because is always going to happen.
I have investors flipping and the buy in cost is a lot lower than Forth Worth. Let me set you up with a free list of houses selling for $70,000.

David Cooper! Las Vegas foreclosure Investor
Save 20% or more. For Freee List
email: davidcooper@lasvegaswinner.org or +1-7024997037
0 votes
Dallas Texas, Agent, Dallas, TN
Thu May 26, 2011
As an agent you should know most is based on what the investor short and long term goals are, what type of property, and their purchase amount.

I work with investors world wide EACH all have their own business plan

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes
Brian Rayl, Agent, Dallas, TX
Tue May 24, 2011
Hey Jose,

Flipping is still alive and well in the Dallas Fort Worth area. The majority of these flippers are cash investors who come in and buy distressed, foreclosed properties. The market is much more competitive and some of the profit margins have dropped, but you can still turn a profit.

Another technique that I have been helping some investors with is similar, but it doesn't have the instant return on investment that flipping . It is buying a property that might require less work, but you won't get such a "great deal" but you can purchase the property, rent it out for a year or two, earning you 10-15% annual return on investment and then sell the property a year or two out once the market has recovered and built some natural appreciation as well.

This can be done totally hands off from you by using state licensed professionals. If you are interested in additional information, feel free to give me a call.

It's more than real estate. It's RAYL-Estate!

Brian Rayl, REALTOR®
Keller Williams Elite
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
0 votes
Tim Cook, Other Pro, Weatherford, TX
Mon May 23, 2011
Hi Jose
I am not an agent but am an investor in the area and do alot of wholesaleing in the Fort Worth and surrounding area. Glad to help anyone interested in doing business in the Fort Worth area.

Tim Cook
http://www.AllWholesaleProperties.com
http://www.WeFindemYouFundem.com
http://www.GetFreeElectricityToday.com
817-599-8058
0 votes
Jon Sutton, Agent, Dallas, TX
Mon May 23, 2011
Jose,

I specialize in Fort Worth and have a network of about 15 close knit investors that I find properties for. I created a program that compiles all of the sold data and in particular distressed properties that have been sold and then sold again by the investor (flip) and in the past 6 months in Fort Worth alone there have been 21 transactions for a total return of over $500k. I hope this gives you an idea of the activity; competition is definitely stiff around here for these distressed properties...that is for sure.
Web Reference:  http://www.jonsutton.com
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