FEEDBACK PLEASE - An Idea for investors wishing to Purchasing properties remotely …
I have an idea that might make it easier to generate cash flow… I am a work at home relatively new Fort Worth based real estate investor. I
am currently buying into homes as rental properties. The problem with this is they do not produce a lot of cash flow; therefore I am
searching for ideas for generating this cash flow. One of my ideas was to offer a service to anyone wanting to invest in the glut of bread
and butter properties available in my area, these are the easy to rent and sell properties selling in DFW for around $100,000 to 250,000.
There are many thousands of these homes available here in the DFW area, Fort Worth, Arlington and Grand Prairie Texas, many of these are only
three or four years old and some are even brand new two story 1800 - 3000 plus sq feet homes. Just have your realtor check the listings for
properties in 750xx and 760xx zip codes for Fort Worth, Arlington, Grand Prairie, and Irving Texas.
My idea would be to perform a pre-inspection on the property, photograph the property inside and out and send these photos to the investor,
supervise the rehab if the property needs any fix up, and do a final inspection when it is ready. My fee would be a percentage of the cost of
the property based on its purchase price, something like $2,000 or so per property for a $100,000 property. This will allow remote investors
to invest and know they are investing in a good property in a good area.
This is only an idea and I am very interested in what you seasoned and new investors think of this, do I have anything here. I’m interested
in any feedback both negative and positive.
If you would like to contact me offline my contact info is available.