Advice for a beginner

San Antonio, Texas
Starting Out
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Advice for a beginner

Dallas Ward
Member since 2022 · 2 posts · 0 votes

I've been listening to several of the BP podcasts for about 9 months. I love the idea of real estate investing but I am suffering from "Analysis Paralysis". Before I start investing, I am thinking that I need to have "my Team" solidified (Contractor/ property Inspector, property management, realtor, etc). 

Any advice for me on who would be good to connect with in the San Antonio area? I live out of state, but wanted to buy in this area. Any advice on good reference books to guide me through my first deal?

Thanks

Dallas 

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John O'LearyPro Member
Lender · Winter Park, FL · Member since 2021 · 737 posts · 412 votes
3y

Hey Dallas,

You're 100% correct in that you should first establish your team. I recommend attending your local REIAs, and any other local REI meetups to network with vendors and other investors from your market. BP is also a great place to connect.

[email protected]800-663-4122
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  • John O'LearyPro Member
    Lender · Winter Park, FL · Member since 2021 · 737 posts · 412 votes
    3y

    Hey Dallas,

    You're 100% correct in that you should first establish your team. I recommend attending your local REIAs, and any other local REI meetups to network with vendors and other investors from your market. BP is also a great place to connect.

    [email protected]800-663-4122
    1Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    3y

    Go to BUILD YOUR TEAM at the top of your screen and you can search for other MEMBERS or LOCAL MEETUPS. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.

    The DIY Landlord Book4.7248 Reviews
    WebsiteView Page
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  • Dallas Ward
    OP
    Member since 2022 · 2 posts · 0 votes
    3y

    Thanks for the advice and info on where to go start building my team. 

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  • Account Closed
    Real Estate Agent · San Antonio, TX · Member since 2016 · 67 posts · 58 votes
    3y

    Hey @Dallas Ward I think most anyone can identify with that at some point, you're not alone. 

    I would agree with you that you'll want to help yourself by putting the pieces of your team together. You can only know so much on your own, especially an out of market investor. Even experienced investors are better served to lean on others' experience and knowledge so name shame there whatsoever in leaning on others.

    Best thing you can do is really drill into your goals, both short term and long term, and identify a vehicle to get you there. San Antonio is a great market but any reason why you don't want to purchase in your local area via an owner-occupant loan? That's usually the best way to start. However, if you're set on San Antonio, there are plenty of great reasons why this market is a good one to invest in remotely. 

    As far as books: 
    David Greene's "Long Distance RE Investing" is obviously a great start for some core principles. Can't go wrong with "The Millionaire RE Investor" either for general thought processes. As far as further reading, that sort of depends on your situation/experience/goals that will help folks with further recommendations for you.

    Best of luck! 

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