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All Forum Posts by: Andrew Postell

Andrew Postell has started 87 posts and replied 7618 times.

Post: Dallas Fort Worth June Housing Report

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

June 2025 North Texas Housing Market Update | DFW Metro 🏡

The latest numbers are in and the market is moving!

📍Median Home Price: $347,000 (Up 0.6% YoY)

📈 Active Listings: 156,725 homes on the market (+27.8%)

🏠 Closed Sales: 32,180 homes sold (+7.8%)

⏳ Days on Market: Avg. 60 days on the market and 33 days to close meaning buyers are becoming homeowners in just 93 days!

More inventory, steady prices, and quicker closings = a strong summer market for buyers & sellers alike!

Addison, Allen, Anna, Azle, Batch Springs, Bedford, Benbrook, Burleson, Cedar Hill, Celina, Cleburne, Colleyville, Coppell, Corinth, Crowley, DeSoto, Duncanville, Ennis, Euless, Farmers Branch, Fate, Flower Mound, Forest Hill, Forney, Glenn Heights, Grapevine, Greenville, Haltom City, Highland Village, Hurst, Keller, Lancaster, Little Elm, Mansfield, Midlothian, Mineral Wells, Murphy, North Richland Hills, Prosper, Red Oak, Rockwall, Rowlett, Royse City, Sachse, Saginaw, Seagoville, Southlake, Terrell, The Colony, Trophy Club, University Park, Watauga, Waxahachi, Weatherford, White Settlement, Wylie, Dallas, Fort Worth, Plano, Irving, Garland, Grand Prairie, McKinney, Frisco, Mesquite, Carrollton, Denton, Richardson, Lewisville, or Arlington

Post: Looking for networking events in DFW

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

Hi @Nate Garvey glad you were able to attend some REIAF events.  I wonder if we saw each other there?  But there are many groups in DFW.  Meetup.com, eventbrite.com, facebook, and even Bigger Pockets will all have events posted to them.  Depending on what you are looking for, some groups might fit you a little better than other groups.

Real Estate Investing Groups

Cigars and Closers - Quarterly Event hosted by yours truly where we smoke big cigars and talk about real estate (free event and first cigar is on me) - https://www.meetup.com/the-drew-two/

DFW REI ClubHERE – meet about 50 times per year. Lots of different topics and a very friendly group.

Impact Grapevine - HERE - Started in Bigger Pockets and super friendly atmosphere. This is the one Sherry Patterson hosts

REIAF - HERE - Wholesaling group that has TONS of members doing big numbers

Panther City REIHERE

Texas Tuesday Real Estate MastermindHERE and HERE

The Event - occurs about once per quarter - HERE

DFW Real Estate Roundtable - a lot of Pace Morby students and super nice group - HERE

IMPACT Arlington - HERE – this one meets in Arlington once per month. This Saturday is the next meeting.

Invested in Texas: Pickleball & Real Estate - HERE - Hosted by Jason Koford who also has a pretty REI Calendar to keep up with all the local REI events: dfwreicalendar.com

Lifestyles Unlimited - https://lifestylesunlimited.com/ - a membership only group but certainly adds lots of value for their members

@Preston Dean thanks for the mention!

Post: AI Soars and Rates Dive

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

Markets shook off trade war jitters as Nvidia soared past a $4 trillion valuation, fueling a tech-led rebound in the S&P 500. Microsoft joined the rally on an analyst upgrade, while Apple stumbled amid tariff talk. Equity investors seem increasingly immune to geopolitical noise, instead zeroing in on AI momentum and megacap strength as the real market movers.

Meanwhile, Treasury yields slipped, with the 10-year falling to 4.36% after a strong bond auction and rising hopes that the Fed could start cutting rates by September. Trump’s renewed tariff threats and his call for lower rates added to the dovish tilt. For now, Wall Street is betting that softening inflation and strong tech earnings will keep the bull case alive—at least until earnings season delivers its verdict. Mortgages are rallying along side their treasury counterparts with the current coupon up 5-6 tics on the day.

https://fortworthreport.org/2025/07/07/heres-how-tarrant-county-residents-can-help-support-central-texas-flood-victims/

Post: You better ARM yourself?

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

Interest rates have risen for five straight days as investors pull back from long-term U.S. Treasuries as strong economic data and sticky inflation have led investors to scale back expectations for Fed rate cuts this year. The labor market remains resilient—JOLTS came in at 7.7M vs. 7.3M expected, nonfarm payrolls hit 147k vs. 106k, and unemployment dropped to 4.1% vs. 4.3%. Initial jobless claims are down, and ISM Services and New Orders both beat forecasts.

Inflation is still running hot as well, with Core PCE at 2.7% vs. the Fed’s 2.0% target. As a result, markets now expect no cut in July and only a possible move in September. Long-end yields are rising globally, with the 30-year U.S. Treasury nearing 5%, driven by heavy supply, reduced demand, and broader fiscal and geopolitical uncertainty.

While the long end of the curve continues to get beat up, the steepening yield curve continues to provide options for affordable financing. Last month, Rate originated ~$700M of adjustable-rate mortgages and we're releasing more ARM options to try to help with lower payments. Marry the house...date the rate.

https://apnews.com/article/real-estate-investors-home-sales-affordability-housing-7aa2bc78c87bfb1f292fe4321fe658cb?utm_source=copy&utm_medium=share

Post: Who are great realtors or wholesalers in Fort Worth?

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

@Penny Brown thanks for the post. Most of our best vendors/partners/title companies/etc come from meeting them in person at local REI groups. You can probably do the same in Atlanta too but this is where I met @Kyle Mccaw and @Joe Funari.  So, if your friend is local, let's have her reach out to Joe but she can also network with other people too.  These are the groups on the Fort Worth side of town:

Real Estate Investing Groups

DFW REI Club – meet about 50 times per year. Lots of different topics and a very friendly group.

Impact Grapevine - - Started in Bigger Pockets and super friendly atmosphere. This is the one Sherry Patterson hosts

Panther City REI -

Texas Tuesday Real Estate Mastermind -

DFW Real Estate Roundtable -

IMPACT Arlington - – this one meets in Arlington once per month. This Saturday is the next meeting.

Post: Heloc info and help!

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

@Rishi Mehra just to answer your question, this is about risk.  So, why do investment properties carry a higher interest rate than primary homes?  Because they foreclose at a higher rate than primary homes.  The higher interest rates help to offset the risk.  So, when the economy gets a little difficult, some of the loan products go away.  It's about risk.

Now, that doesn't mean you can't find them...you just have to find them in the way.

A small, local lender will be your HIGHEST probability of success when trying to find "Line of Credit" lenders on investment properties. It is 100% possible to find but you have to put in the time or at least know someone that ALREADY has the connection. Here's my 2 suggestions:

  1. Visit your local REI groups. There are many groups that meet across the country. Some post here on the Bigger Pockets Marketplace. Many post on meetup.com. Even facebook will have some. Networking is always a great practice and you never know who you might meet there and what good information they have to share. Would certainly recommend visiting if one is close to you.
  2. Calling - and then there's this option. Which is what I had to do. I had to call about 200 lenders (no exaggeration) to learn of 4 lenders who did this and I have some tips. First, when calling banks target the smallest most community based banks you can first. If you have never heard of them, and they have one location - that's a good candidate. No big, national, publicly traded banks will do this loan type. Second, try to ask for "LINES OF CREDIT" instead of "HELOC". I know it sounds like I'm splitting hairs but some banks write HELOCs in their residential department....which won't write Investment Properties. And that residential department will often not speak to the commercial department. So they'll just say "sorry, we don't do it"....not even knowing that they really do! So if you ask for a "line of credit on an investment property" that should get you to the COMMERCIAL division. That's the section of the bank we want. Now, most of these smaller banks may only have 12 employees or so. So don't get frustrated if they don't return your call or aren't in the office. Just call back and be friendly. Maybe play dumb a little "I don't know if I'm in the right place..." "I'm sorry to disturb you, you may not be the right person for this....", etc. Maybe someone can get you to the right person. Again, be prepared to call A LOT.

Hope some of that helps and just in case, we do write these in all states.  Reach out if you have any questions.  Thanks!

Post: Should I purchase a non cash flowing duplex?

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

@Antuan C. I love house hacking.  That's how I started out my investing career and I probably couldn't be where I am today without doing it.  I would suggest to keep 3 things in mind when thinking of house hacking:

1. Cash Flow - Keep in mind that house hacking REDUCES my cost of home ownership. You will NOT cash flow on any property that you purchase. I'm not sure if anybody has said anything different to you but I need this to be your expectation. Remember, you are occupying one of the units...it would be impossible to cashflow in that scenario. Ok, maybe if you rented out each room and maybe did everything Short Term or something like that. But if it's long term renting, then you won't cashflow. But it will still allow you to afford a SIGNIFICANTLY higher price point than if you did not house hack.

Appreciation - So, if real estate appreciates 5% per year, then a $500,000 property will have $138,000 in additional value after 5 years. A $1million home will have $276,000 in value increase after 5 years (using that same 5% appreciation per year). The higher our value, the higher the equity gain is - even if the % of gain is equal between the properties...the dollar amount is higher on the higher valued home because the property is worth more. That's how house hacking helps us gain wealth. We certainly aren't gaining $276,000 with $200 of cashflow. So, don't sweat the "no cashflow" thing. If you were to give me $50 per month, and after 5 years I would give you $50,000...would you be ok with that?  Of course you would!  That's a great deal!  And that means you would even be ok with having negative cashflow too.  Appreciation and principle buydown provide us WAY more income than cash flow does.

Buying your primary home - when I buy my primary home it has to fit my PERSONAL needs. Maybe I personally need a good commute time. Maybe I personally need a certain school zone. Maybe I want this home because of how safe I feel in the neighborhood. So I'm addressing a primary home with a different perspective. Just focus on purchasing a good home that you feel comfortable with living in. Your commitment is to live in it for 12 months...and then you can do it again and again!

Hope all of that makes sense.  Thanks!

Post: Looking for Advice on Pricing a Unique Hotel/Motel Property

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

@Patrick Martin and @Mike Terry you might get some responses here...but you'll likely get a lot more responses in the Commercial forum. Post this in that forum as this forum is for the BRRRR Method (which is residential stuff). Thanks!

Post: No seasoning cash out refinancing

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

@Sean Spagnola as mentioned above, no seasoning absolutely exists.  Even 90 day seasoning is pretty good in most cases too but there's a pretty big issue for your strategy.

For most residential, cash out loans, the limit of the cash out loan is 75% of the ARV. So, if you purchase a home, and hope to get back your 20% downpayment...that would mean you would need to buy AND rehab the loan for like 55% of the ARV. You need to do both the REHAB and PURCHASE for that amount because you can only get 75% of the ARV back on the cash out step. In other words, this would be impossible. Or pretty close to impossible.

A classic BRRRR Method transaction usually doesn't have us doing a cash out loan. It also normally comes from off market transactions. Now, I see the same youtube videos and the same ticky tok videos you do...but this is the reality of it. Buy offmarket, Rehab, still refinance, but we use a different loan type to acquire the property that doesn't need a downpayment. If you come out of pocket 0% (which is possible) or pretty close to it...but don't have a cash out loan...are you ok with that? Of course! And that's what we normally do.

Hope all of that makes sense but feel free to reach out with any questions.

Post: How can I make this deal work?

Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Posted
  • Lender
  • Fort Worth, TX
  • Posts 7,948
  • Votes 6,331

@Shem Varhaftik you can certainly leave this post here if you wish but there is an entire seperate wholesaling forum.  This might be better for that forum.  This is more for the financing that you need to take down a property.  To wholesale, you don't need financing.  So, you might get some responses here...but you'll probably get a whole lot more over there.

Hope that makes sense.