Newbie from Katy(suburb of Houston), Texas

8 Replies

I am from Japan and have worked at Houston from 2014. 

I am interested in buy and hold rentals of SFH. I just started to learn real estate investment by reading several books, but I also want to learn it and make good network at BiggerPockets site.

I have already tried to purchase (I did offer) properties several times, but unfortunately I could not buy under hot seller's market. I will continue to look for good property.

My actual target market is Cypress because Cypress is good school area but price is less higher than Katy or Sugar Land. But this is just "Newbie's" idea. So I would like to learn and talk about target market (and so on) with other members.

I would like to purchase property with finance in the future, but I am thinking of starting 1st investment by cash.  

Thank you !!

Hi, Koji Welcome!

Continue to post, join discussions and be consistent, so that you become familiar with your area of interest and make connections that will help you grow.

Learn, Apply, Produce!

All the best,

Lisa

Koji, There are less expensive rentals in Katy, you just have to know how to find them. I purchased two properties this month under 100k in Katy ISD with rents at $1300/mo. 

How are you finding deals?

@Koji Yoshida

Welcome. Fill in the foundation below.

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

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

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 rehabbers (cash buyers). Find them through Google and meetup.com

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

Consider checking out HUD homes for small multi's owner occupied gets first crack.

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 

@Koji Yoshida welcome to BP.

ive heard on the podcast several times that this is a numbers game and you might have to analyse 100 properties to make offers on a few to get accepted on 1. so i guess the moral of the story is dont get discouraged by the fact you haven't found your deal yet.

also have you attended any local meetings? its great opportunity to network and make some great connections.. best of luck. 

@Cameron Tope - can i get a AMEN lol. does Emerson only buy rehab and sell or do they offer deals as well? is so how do we go about getting on your mailing list? 

thanks

nick 

Hey Koji I'm a wholesaler in the Ft Bend area send me your Email and I will add you to my wholesale list, I will also send you my information if you wish to talk to me.

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