Updated almost 5 years ago on . Most recent reply
Bought my first investment house!
Well, technically my second house purchase, but the first was well over a decade ago... different time and place and career path.
This one is planned to be the first of my investment portfolio. I probably overpaid for it because the Dallas housing market has been stupid hot, but I can make the numbers mostly work and I really just wanted to take that plunge and make the first, hardest, step happen.
The plan is for this to be an AirBnB type rental near DFW airport for a select clientele since my schedule is 2 weeks out and one week back in Dallas. I'll eventually be tracking down you AirBnB gurus in Dallas to link up and maybe get some pointers on what does and doesn't work, but right now, I'm making a few adjustments to the house prior to moving in.
Turns out I like knocking down walls and improving spaces and while this particular house didn't quite need it, I'm now knocking down walls and improving the spacial layout. So my next one will likely be more of a flip / BRRRR than this one which was technically almost ready to go.
Just wanted to say I finally pulled the trigger and am making my way into the investment space!
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Sort of. I've thought about that, but based on the prices I've seen, I'm not sure it's financially feasible... better than nothing of course, but I'll have to see if I can make the initial idea work... and if not, then I'll consider doing the crash pad thing.