Newbie from Lubbock TX

9 Replies

I am currently working as an IT networking specialist with a local company in Lubbock, TX. My interests for now are mostly in buy and hold of single family homes and small multifamily. I am trying to learn as much as i can right now to try and avoid any big mistakes but I am hoping to buy my first investment property within about a year. Once I have a few properties I want to start being more aggressive about growing my portfolio and then move onto small apartment complexes

Very nice!

Lubbock is a great place to invest. Did you know we recently got voted one of the best cities to have a job in America?! Crazy huh...balances out the #1 worst place for weather hahah.

Originally posted by @Austin Hughes :

Very nice!

Lubbock is a great place to invest. Did you know we recently got voted one of the best cities to have a job in America?! Crazy huh...balances out the #1 worst place for weather hahah.

 I actually hadn't heard that and I never really understood the worst weather thing. Its not that bad lol. I am trying to decide what areas of town to focus on for SFRs and multi-families. I have been leaning toward frienship or cooper school districts. What is your take on those areas or have you had any success in them?

Welcome! Lubbock is a strong and growing market! :)

I have some good connections there if you want to meet people who are savvy about working with investors.

I also strongly recommend growing your understanding and knowledge of this world and save save save! That means both don't spend where you don't have to and find a way to increase your income! Sounds like you have a 9-5. Maybe pick up a sales gig on the side or start a small biz that won't eat up capital!

Good luck man! Go tech!

@Gonz Trevino thanks for the advice. That really was my plan. I want to learn as much as I can before I buy my first investment property to try and avoid some big mistakes. I would love to meet some of your connections, maybe take them out to dinner if they don't mind me asking them a bunch of questions

@Nick Baird

Families in Frenship ISD seem to be good money managers! (Not a lot of foreclosures) Haha, only seen a handful of deals over there, but that's the go-to for young families. Definitely a good part of town.

I'm new myself! (under 1 year)  So I'm also hiking up that steep learning curve.

A good piece of advice that I got...focus on finding good deals, and let that be where your "focus" is. Now you might start out going to open houses over there and seeing what the standard is while getting familiar with the prices, so you can spot a good one when you see it. That would be wise. Of course with full time work, you don't have the luxury of a bunch of leisure time to prance around and go from house to house.

Originally posted by @Nick Baird :

@Gonz Trevino thanks for the advice. That really was my plan. I want to learn as much as I can before I buy my first investment property to try and avoid some big mistakes. I would love to meet some of your connections, maybe take them out to dinner if they don't mind me asking them a bunch of questions

 Shoot me a text message. It's in my signature. I'll be more than happy to. :)

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