New to Real Estate · Houston · Member since 2019 · 18 posts · 5 votes
Hello All!!
Wow I'm so excited haha! My name is Tochi and I am a medical student out here in Dallas, Texas! I've been renting out properties for the past 3 years when I looked at my loans (which are over 150K) and decided that I HATE paying rent. So a google search led me to this website and I went on to read the BiggerPockets beginners guide to real estate investing and I was sold!! Now, I'm looking to buy a 4plex (with an investment from my uncle) fix it up and rent it out to my fellow medical students! I can not wait to learn from all of you and I'm excited to see how this all turns out!! I still have a lot to learn but if any of you know a good realtor please send him/her my way!!
@Tochi Ajiwe That's awesome man!! Welcome to the BP community. Your in the right place. With regard to getting the first deal done, you've taken care of a large piece, the financing. Now just need to find a deal. I would tell you that the MLS is where you can go to begin your hunt, but if you are in a competitive market learn how to find off market deals. Also learn the lingo and terminology i.e. cap rates/price to rent ratio, COCR, What are reasonable reserves for your market i.e. cap ex, vacancy, maintenance etc.... All the best to you. Persist and you will WIN!!!!