Rookie investor in need of expert advice. Scared to take the leap

[Michael Roman]

I’m thinking about trying my luck in the Houston area. I have $325k in equity and $115k in capital. I looking to obtain cash flow properties possibly with quads/multi family, single family, and town homes. My $325k equity is tied up in a single family 4 bed 2 1/2 bath property in Miami. Do I sell, or take an equity line of credit and rent? I’m scared to rent a 4 bed just recently renovated. What marked would you say I have the best luck in obtaining quality cash flow properties in Houston TX? Any input would be greatly appreciated. I’m an over the road truck driver looking for an out and a life I can be home more.

[Michael Roman]

I’m looking for these types of comments. I’m leaving Miami because my type of rat race job isn’t profitable in Miami. I was also thinking about GA. I also hear a lot about the market taking a turn for the worse upon the horizon so I thought selling while the market is still strong wouldn’t be a bad idea. I’ve also read about great opportunities in Birmingham and Jax. Being that I’m a rookie, I’m hesitant to invest in properties that I’m not close to. I’m grateful for your comments and it has given me ideas to think about. Thanks for chiming in!