Next step? Ready to make a move...

7 Replies

Hey guys! Born in raised in Houston and I am looking to get started in real estate investment. I currently have a real estate license but quickly realized the true side of RE that fascinates me is the “non traditional side”. I know a good deal the second I see one. I read, watch videos, do tons of research, analyze, sit and compare (for hours sometimes, for fun! I love it) I’m very familiar with my city. I’ve attended a RENC meeting tonight but I’m not sure what the real intent is... maybe they’re just trying to “sell me on something”?? I dunno, still in limbo of what to do next. I would like to find a mentor to show me the ropes hands on so that I can have the knowledge to grow a business. I have cash on hand and plenty of free time for now so that’s a benefit but I’m afraid to make any moves with out working confidently with a seasoned investor. If you’re interested I would really appreciate any feedback. Would love to personally learn/grow/work with someone. Maybe any other of these member clubs or suggestions of other places to meet people. Also I just signed up on meetup? Thanks!

[email protected] Angwin

There a lot of real estate groups you can joint to build your professional real estate network (the real deal, try the jet leaning meeting, the rich cloub). The most important is to find deals. So increase your sources of deals. If you have not done any deals start with something simple with good numbers and stick to your pre set criteria. Do not worry to back off better to lose a deal then to get stuck with a bad one. I would be careful in the current environment.

Hope this helps

Hi I'm in Houston as well. I primarily work the 3rd ward area. If you're ever around and have an interest in single or small multi development reach out to me. My office host workshops and have opportunities all the time. Everyone is friendly, always helpful, and looking to partner and support deals.

Thank you Jason, I'm not that interested in the 3rd ward area but I guess you never know. I do have a friend though that's looking for places out there, can you send me more info.

@Yessenia Angwin

I'm a newbie agent that's in a similar position. Unfortunately, I don't know how to analyze a good deal just yet and I found out I prefer working with similar inventory. I'm attending HAR Realtor Launch course next week in hopes of learning more of starting my real estate business. I'm reading Millionaire Real Estate Agent and becoming a learning sponge for the moment. Could you tell me how you learned to analyze deals here? I'd really appreciate learning how other new agents are starting out.

Hi Christian, first off you have to decide what kind of investment you're interested in. Right now I would like to buy/hold/rent ---> fix and eventually sell it down the line. I start by looking at the area, seeing what homes have sold for and what they have rented for (on the same street, around the corner, in that same neighborhood, nothing further then that) I also compare it to the homes that are currently up for lease & up for sale. Compare them apple to apple. You also want to look a the home appreciation and the cash flow which is basically the money left after all the bills have been paid. I always overestimate on the expenses and include "extra costs to be safe". Hope that kind of helps but there is ton of youtube videos and I think that HAR class would really help. 

Originally posted by @Yessenia Angwin:

Hi Christian, first off you have to decide what kind of investment you're interested in. Right now I would like to buy/hold/rent ---> fix and eventually sell it down the line. I start by looking at the area, seeing what homes have sold for and what they have rented for (on the same street, around the corner, in that same neighborhood, nothing further then that) I also compare it to the homes that are currently up for lease & up for sale. Compare them apple to apple. You also want to look a the home appreciation and the cash flow which is basically the money left after all the bills have been paid. I always overestimate on the expenses and include "extra costs to be safe". Hope that kind of helps but there is ton of youtube videos and I think that HAR class would really help. 

That's exactly how I want to start my business. I want to learn more about owner financing to incorporate into my business as well. 

I have not used YT enough to help me research that process. I'll go check it out but any that you would recommend?