New member from Texas

[Andreas Galliker]

Hi guys,

I am interested in learning everything there is to master the buy and hold real estate strategy. I have just relocated to San Antonio but have lived in Houston for the past 4 years. Both of these markets seem very attractive and especially resistant to overall economic downturns. On the flip side, especially the Houston market is very closely correlated to the energy business. I would be interested to hear from other community members in this area what they think about these to markets? What groups you guys are using from lenders to mgmt co to maintenance. Any tips are highly appreciated as I am a total newbie to this specific area of investing. I have been working in the financial services industry for almost 10 years now and thus had quite some exposure to other areas of investing (from private markets to public markets). My goal is to acquire 5 units within the next 24 months and creating an average monthly cash flow of min. $1,000.00. At this point, both my wife and I work full time, thus free time is somewhat limited. I am looking forward to hearing from other community members. 

Best,

Andreas 

[Brett Snodgrass]

Hi @Andreas Galliker , 

Welcome to BP! Glad to have you on here. My usual recommendation for people who are just starting out is to pick a strategy (which you've done) and then learn what's needed for the first step and then do it. Then learn the 2nd and do that. Step by step until you have your first property under wraps. This as opposed to feeling the pressure of having to know everything before you do anything - that's often overwhelming and distracting. All the best on your first investment!