My Journey as a New Real Estate Investor

My Journey as a New Real Estate Investor

Wholesaler · Houston, TX · Member since 2021 · 10 posts · 7 votes

Hi Everyone! I hope all is well! 

My name is Caxie based out of Houston, TX. 

I wanted to share my experience about real estate and how's my journey been. 

I started back in the late 2020s, I was 19 years old at the time, I recently graduating from high school. (I'm 21 now about to turn 22 in November) 

I didn't know what kind of path I wanted to pursue other than what my family has encourage me to do (medical field).

I started my real estate journey as a wholesaler here in Houston, TX mainly working for a wholesaling company as acquisitions, dispositions, and title coordinator. 

I did closed a few deals here and there working for these companies whether wholesaling houses/land. 

I thought it would be a great start to know the ins and outs of wholesaling company, how to be a business owner, a leader, the whole process, and so much more. Throughout the years of being a wholesaler, I have started thinking about getting my first multi family property and actually be a real estate investor. I've never bought a single family home, or fix and flip a home so this will be a new journey for me. 

I found a deal 10 units in Houston, TX in a great upcoming area. Some of the units are fully renovated, the current owner has done most of the rehab regarding to structure, painting, new roof, plumbing, electricity, and etc. 

Working my way to the process of purchasing this property, the most important part is financing. I'm excited to get a little bit closer and closer to be the new owner but the hard part is not done. 

I'll keep you posted on how everything goes. I'm looking at other multi family properties as well in the Houston, TX area. 

The more and merrier. 

Any Investors that would like to connect. Let's connect, I would love to hear your journey and learn! 

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Member since 2023 · 6 posts · 3 votes
2y

hi Catrin,

Congratulations. I started my investor journey in Houston in July as well. Would love to connect. Pls DM me.

Temmy

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  • Real Estate Agent · Columbus, OH · Member since 2020 · 44 posts · 36 votes
    3y

    Congrats Catrin, It seems like you are really starting to see that success that we all want to see in REI. Good luck with your future endeavors and I would be happy to connect and help in any way!

  • Member since 2023 · 6 posts · 3 votes
    2y

    hi Catrin,

    Congratulations. I started my investor journey in Houston in July as well. Would love to connect. Pls DM me.

    Temmy

  • Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    2y
    Quote from @Catrin Caxie Primacio:

    Hi Everyone! I hope all is well! 

    My name is Caxie based out of Houston, TX. 

    I wanted to share my experience about real estate and how's my journey been. 

    I started back in the late 2020s, I was 19 years old at the time, I recently graduating from high school. (I'm 21 now about to turn 22 in November) 

    I didn't know what kind of path I wanted to pursue other than what my family has encourage me to do (medical field).

    I started my real estate journey as a wholesaler here in Houston, TX mainly working for a wholesaling company as acquisitions, dispositions, and title coordinator. 

    I did closed a few deals here and there working for these companies whether wholesaling houses/land. 

    I thought it would be a great start to know the ins and outs of wholesaling company, how to be a business owner, a leader, the whole process, and so much more. Throughout the years of being a wholesaler, I have started thinking about getting my first multi family property and actually be a real estate investor. I've never bought a single family home, or fix and flip a home so this will be a new journey for me. 

    I found a deal 10 units in Houston, TX in a great upcoming area. Some of the units are fully renovated, the current owner has done most of the rehab regarding to structure, painting, new roof, plumbing, electricity, and etc. 

    Working my way to the process of purchasing this property, the most important part is financing. I'm excited to get a little bit closer and closer to be the new owner but the hard part is not done. 

    I'll keep you posted on how everything goes. I'm looking at other multi family properties as well in the Houston, TX area. 

    The more and merrier. 

    Any Investors that would like to connect. Let's connect, I would love to hear your journey and learn! 


     Did you end up buying this 10 unit?   If so, can you share the address and how it's going?

    If not, can you share what caused you to pass on the deal?

  • Wholesaler · Houston, TX · Member since 2021 · 10 posts · 7 votes
    2y

    I didn't end up buying the 10 units regarding to the financing side of real estate. 

    With interest rates being high, the mortgage company didn't believe it was a good deal. 

    Creative financing was also an option but the sellers was asking 12% interest rates 

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