Tomball, TX · Member since 2017 · 13 posts · 3 votes
Hello, all. Not to put my laundry out there but I recently got laid off. I'm trying to look at this as an opportunity to start learning and doing real estate in some niche of the industry but I don't know what to do or where to start. My ultimate goal is to flip and rehab homes eventually but right now I need to start somewhere. I have seriously considered starting my own property preservation business but have been discouraged by many saying it's a dying industry. I have enough saved to live off for awhile so if anybody has any guidance for a guy who wants to work his *** off to be financially independent in the Houston/ Corpus area, I would appreciate it. Thanks.
I found that I had enough money to flip houses, and/or I had enough money to live on, pay debts, etc., but not both. Had to go back and get some kind of stable gig. The idea is not to lose sight of the goal, still do a deal here and there and reduce my financial footprint (get rid of debt). As the debt goes down, gradually, I plan to divert more and more of my income to purchasing/investing into RE. But to do BRRR, get a HELOC, get another VA loan, etc., all those things require that I can document some income.
That said, a good flip here and there would be a nice boost for you. Not something you can rely on, but still maybe worth doing in the short term while you work on finding the next thing.
@Justin Schiller If you're willing to do the legwork to find good deals then it shouldn't be too hard to find partners to finance the deals. I know several guys who got started that way.
Do the Free Course under the Education tab. Read some of the Ultimate Guides, also under the Education tab. Bigger Pockets has really a bang-up job there.
Hello, all. Not to put my laundry out there but I recently got laid off. I'm trying to look at this as an opportunity to start learning and doing real estate in some niche of the industry but I don't know what to do or where to start. My ultimate goal is to flip and rehab homes eventually but right now I need to start somewhere. I have seriously considered starting my own property preservation business but have been discouraged by many saying it's a dying industry. I have enough saved to live off for awhile so if anybody has any guidance for a guy who wants to work his *** off to be financially independent in the Houston/ Corpus area, I would appreciate it. Thanks.
Luckily this is crazy crazy record low unemployment. Especially in Houston. Why not get a gig with a real estate company to help learn the ropes while you get paid. We have like 3 or 4 ads running for property managers, leasing and marketing people, maintenance guys, etc. I can't give you my company info as the BP overloards have a fit, but if you search for jobs in this business I promise you'll find something -- esp if you're the hard working go getter type you say you are.