Updated 3 days ago on . Most recent reply

Need Help Narrowing Down Options on investing $55k-$60k in South DFW
Hey all, thanks for taking the time to read my post. I'm looking for advice on how to launch my adventure into RE as a beginner in the south DFW area.
- Single, late 20s, living with parents, WFH, so living expenses are basically minimal as possible.
- Making ~75k-85k/yr depending on bonuses
- Currently have $55k-$65k available to put towards RE
Current thoughts:
- Parents have done long term rentals for over a decade but haven't acquired properties for the purpose of renting and the "family business" hasn't grown. So I have handyman skills and the ability to do medium renovations. Now I want to learn how to make a business that grows so I'm looking specifically for profitable properties.
- Because I can do repairs on my own, I'm looking for things that are within my driving radius. I also read a book that talked about investing in your community and I love that idea. I could totally buy properties that are outside of DFW (like Austin or San Antonio), but I don't know those markets as well and haven't used a property manager before so that would also be new.
- I have enough to put a comfortable down payment on SFH, and maybe house hack a duplex? Or maybe barely put 20% on a duplex and call it at that? Not sure
Goals:
- I'd love to get into a position where I can work with hospitals to do travel nursing contracts or contracts with insurance companies to place distressed families into housing while their living situation is fixed/repaired.
- I'd love to invest in the DFW area because it's what I know, but I also know that while there are lots of opportunities, there is a lot of competition and may not be realistic
Thanks for your time and thoughts