DFW REI Club

 Dallas/Fort Worth Real Estate Investor Club

Investor Introduction - Andy Nichols

  • 02 May 2020 6:07 PM
    Message # 8942213

    Hey everyone,

    I began flipping properties in DFW in 2011 but the combination of rapid price appreciation, lower volume of profitable deals, and my full-time job taking over my life, I fell dormant to REI about 5 years ago. 

    If there's a silver lining to this Covid environment, it's that interest rates have gone even lower and the entry point of deals may soon be decreasing.  Even if I'm wrong about the latter, we all know DFW has been and will likely continue to see solid economic growth so I need to take some action.  At this point, I'm self-diagnosed with analysis paralysis so I'm reaching out to my fellow like-minded investors and plan on attending the next meeting to give myself a jump start and borrow some of that great energy ya'll have.

    Quick bit about me and what I'm lookin for:

    Buy & Hold strategy with an emphasis on the BRRRR strategy if your familiar with the BiggerPockets term.

    1960 and newer

    Brick

    1200-2200sf

    Garage

    Single story

    Under $200k

    Strong rental comps in area

    No bad neighborhoods

    Rough shape - not a problem

    1% rule is my initial rough check.  Looking for purchase price + rehab to be about 75% of ARV.

    I live in Dallas now, work in Grand Prairie, and lived in Fort Worth for about 7 years, so I'm familiar with many areas across the metroplex but an expert in only a few.  Some neighborhoods that get my attention are Wedgewood in Fort Worth, Farmer's Branch, and the Glen Oaks area of South Dallas.

    Feel free to say hi and I look forward to the next meeting!

    If you're a wholesaler, please add me to your list.  Thanks!

    Andy Nichols

    AndrewDNichols@gmail.com

    Last modified: 02 May 2020 6:08 PM | Andrew Nichols
  • 02 May 2020 7:47 PM
    Reply # 8942385 on 8942213
    Robin Carriger (Administrator)

    Welcome to DFW REI Club, Andy!  Feel free to give me a call at 817-300-1132 for a quick chat if you like.  I think you may have chosen an ideal time to get back in the game.  :-)

  • 03 May 2020 12:14 PM
    Reply # 8943627 on 8942213
    Richard Kellett (Administrator)

    Welcome Andy

    I can help you locate the property you are looking for.

    Give me a call.

    Dick Kellett

    817-915-0122

  • 27 Aug 2020 1:34 PM
    Reply # 9194455 on 8942213

    Hey Andy,

    I'm looking for the same, but am in California. Any interest in talking shop? I'd love to make local connections and see where that might take us. Always up for partnering if it's in the cards. 

    Let me know!

    Kayvon

  • 08 Oct 2020 12:43 PM
    Reply # 9292193 on 8942213

    Good afternoon Andy,

    I hope this message finds you well. My name is Robert Binninger and I am a disposition agent with PropertyForce. We are a local wholesaler. I found your information online and figured I would reach out and introduce myself. We are currently one of the largest homebuyers in Florida and Georgia and are now expanding into the DWF area this year. We are currently looking for new qualified buyers in the Metroplex and surrounding counties, and I assume you likely have investor contacts in the industry. I would love to open a dialogue with you if you are still interested in purchasing SF buy and holds or flips. Our deals are priced to sell, so they typically move very quickly. For this reason, we do not have an active inventory per se; rather we move our deals almost as soon as they pass inspection. Thank you for your consideration, and I hope to enter into a fruitful business relationship with any interested parties!

    Moving forward, we want to ensure that we are a good fit for each other long-term.  Speak to you soon!

    Best,

    Robert Binninger

         rbinninger@propertyforce.com
         
    561-789-9605   954.807.9152
         
    800 Silks Run, Ste 2330 Hallandale Beach, FL 33009

    Last modified: 08 Oct 2020 9:27 PM | Robin Carriger (Administrator)

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