?Howdy! I am a newbie to the BP forum from Bryan, TX

?Howdy! I am a newbie to the BP forum from Bryan, TX

Flipper/Rehabber · Bryan, TX · Member since 2014 · 258 posts · 170 votes

I am a pretty green investor. I started with my first rental property in 2006. Since then I have purchased 14 "doors" in my local area. This year I purchased my first SFR flip which I am under contract on to sell this month. I am neck deep on the rehab of the second one and am under contract to purchase the third one.

I learned about the PB forum through the podcast. I have enjoyed the podcast so much I thought I would check out the forum. Admittedly, I am completely overwhelmed by the forum which makes me want to sit back and do nothing. Fighting that urge, I have decided to just jump in and figure out things as I get more involved.  I am looking forward to making connections, growing my network and growing my real estate "empire" (I use that term very loosely and there is LOTS of room for growth)!

My real estate goal is to replace my w-2 income with passive income by 2020.  My immediate goal is to find an amazing wholesaler in Bryan/College Station that can turn up deals to help feed my flipping project.  Assuming I hit my profitability goals on my three flip projects this year, I hope to double the deals next year. 

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Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
12y

@Katie Neason 

Welcome. Time to build the legacy and foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    12y

    Welcome aboard, Katie. You don't sound all that green. Have you considered marketing to buy your own wholesale deals?  

    We're glad you've joined us!

  • Real Estate Investor · Cypress, CA · Member since 2013 · 877 posts · 94 votes
    12y

    @Katie Neason welcome to BiggerPockets Katie.

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Katie Neason 

    Welcome. Time to build the legacy and foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good luck

    Paul

  • Real Estate Investor · Fort Worth, TX · Member since 2014 · 21 posts · 1 vote
    12y

    Hey, @Katie Neason welcome aboard. It sounds to me you are already on the road to meeting your goals. I believe with the help of fellow BP members you will meet your goal well before 2020. I am in Fort Worth and if I can be of help drop me a note.

  • Katy, TX · Member since 2014 · 5 posts · 4 votes
    12y

    Welcome to BP@Katie Neason.   Seems like a really cool place to learn and network.  Best of luck to you with your goals.

  • Investor · Oklahoma City, OK · Member since 2014 · 96 posts · 13 votes
    12y

    @Katie Neason 

    Welcome!  It sounds like you are doing quite a few deals already, and well on your way to your goals.  Be sure to check out the "Network" tab at the top of your screen as that could help you find other BPer's in your area and maybe one of them will be the wholesaler you need.  Best of luck!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    12y

    Welcome to BP and good luck investing!

  • Flipper/Rehabber · Bryan, TX · Member since 2014 · 258 posts · 170 votes
    12y

    Thanks for the warm welcomes. 

    @Jon Klaus I have definitely considered marketing for my own deals, but know without the system in place to do the necessary volume to get results I will be ineffective and I am not passionate about putting those systems in place. :) I am more of a "stalker" when it comes to finding deals. When I see a house that is looking sad, I will research owners, try to find them through social media to contact them, and if all else fails mail a letter.  I have had some success in reaching people but have done this with less than 50 and based on the numbers I see, that is basically like not doing it at all!   What I really want to do is get big enough to hire an acquisition person!!!!

    @Devan M. Thanks for the suggestion on how to find local BPers. 

    @Paul Timmins thanks for pointing out I need to go to my local REI groups. It is something I know I need to do but have never done. It was just the kick in the pants I needed. I have now rsvp'd for the August mtg.

    Looking forward to hanging out on the forums with y'all. 

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    12y

    You can outsource marketing without setting up the processes or hiring a full timer.  The marketing company does it. They even referred me to someone to answer and return calls.  I've done this for a couple years with pretty good success. . Although, I'm about to hire a full timer now to step up volume.  The way I look at, is that if I can fully control the deal, I'll see better margins overall. Makes my marketing investment pay for itself. 

    I've bought from wholesalers too, but it's harder to manage what you get and when. 

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @Katie Neason welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here!

    And oh, learn how to use BiggerPockets to grow your business by checking this quick guide: http://www.biggerpockets.com/biz

    See you around!

    BiggerPockets
  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Katie Neason welcome to the site! It's great to have you! Feel free to jump in the community here. If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.

    Seeya around!

  • Flipper/Rehabber · Bryan, TX · Member since 2014 · 258 posts · 170 votes
    12y

    @Jon Klaus How do I go about finding a good marketing company?  How does it work? Thanks for the suggestion and advice. 

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    12y

    @Katie Neason 

    welcome to the site.

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    12y

    A couple of active BP members who help investors market for deals have done podcasts here:

    Jerry Puckett:

    http://www.biggerpockets.com/renewsblog/2013/06/06...

  • Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
    12y
  • Flipper/Rehabber · Bryan, TX · Member since 2014 · 258 posts · 170 votes
    12y

    @Jon Klaus Thanks for the recommendations.

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