Houston BRRR mentor

[Denise Mayo-Walley]

Hello everyone,

I currently own 2 rental properties in Houston and I am REALLY ready to accelerate my real estate investing. My first two properties were purchased from the MLS and both cashflow and have caused me minimal issues. Since I acquired my last property it has become increasingly more difficult to find properties on the MLS that meet the 1% rule and even those who do not meet the 1% rule fly off the market in lower price ranges.

My Realtor, who I met on BP, advised that I need to increase my price range in order to really have a chance since there are lots of cash buyers purchasing homes in my former target range (<$125k). It quickly became apparent that at a higher price range, and with  my goals of acquiring many more properties, the recommended approach would require a lot of capital for downpayments.

I have done some research and feel that using the BRRR approach could help me reach my goals of acquiring 2 properties per year. I have good credit and make great income and therefore am very creditworthy. I need a mentor who has used this strategy in the Houston area and is willing to share their knowledge with me. I have read many articles about hard money vs private money and refinancing with local vs large banks but I still have questions.

I'm super determined and would love to pick someone's brain in person - maybe at a meetup/networking event to get started!