Investor in SFH from Katy, TX with College Station TX Properties

7 Replies

Hello. My wife and I have 3 single family home rentals in College Station, Texas which is about 75 miles northwest of our home in Katy, a large suburb of Houston. We purchased two of these properties about 10 years ago and then added the third, also a SFH, this summer. These are all student rentals. We are looking to expand into more properties possibly in Bryan/College Station, but more likely in the Katy area. My wife and I are both accountants and CPAs and work in Houston. I work for a large, commercial mechanical contractor and my wife works for multi-national energy company. Looking forward to learning more from the BiggerPockets family!

Hey @Byran Farris From another CPA, welcome to BP! Student rentals can be a great niche and looks like you have a great foundation. 

Here are some resources I recommend for newcomers:

If you haven’t already listened to the podcasts I’d start there.

Podcasts

Episode 220 - Jesse Fragale - Student Rentals

Episode 108 - Grant Cardone... Just listen…

Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...

Episode 113Jay Papasan - Very practical slow and steady advice

Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k

I work with real estate tax clients; however, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Amanda Han

Brandon Hall

Tax Reform Update – Brandon Hall and Amanda Han

Linda Weygant

Guides

Ultimate Beginners Guide

Forum Stickies

BP Calculators or spreadsheets uploaded by members

My Favorite Books

I have to say all of the BP books…right? :)

The Millionaire Next Door

The Millionaire Real Estate Investor

What Every Investor Needs to Know About Cash Flow

Hope this information can give you a good start. Feel free to reach out with any questions. 

@Byran Farris Congrats on your previous investments. You mentioned both: you and your wife are accountants, so you're very familiar with the economies of scale and tax aspects of owning RE properties, why not look into buying multi-families?! You can place many more students there. :) 

I'd recommend reading some books on multifamily by stating with Steven Berges book on apartment complexes and David Lindahl on multifamily millions.

Best!

@Byran Farris Welcome!

I also recommend checking out small multi-family rentals.  I own a handful of duplex/fourplexes in Bryan/CS and they are performing excellently. 

The book that changed my thinking was called Duplexes, Triplexes, & Quads by Larry Loftis.  Check it out!

@Account Closed - Wow, what an awesome list of resources. Thank you!!

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