Hey there! Newbie from Katy, TX
Hey BP Nation! Just wanted to get off my tuckus and post something to bust through some inertia here. I've been interested in real estate investing for YEARS...and have dabbled a bit, but have yet to get really moving. I flipped a house in Austin in 2005 time frame (meh) and my wife and I have a beach house in Surfside Beach, TX that is doing ok with short term rentals...but, we really want to get into the long term rentals. Love the idea of BRRRR, but also feel like a kid in a candy store after reading a bunch of posts and listening to a ton of podcasts...seems like every time I hear about a new idea I say "that is what I should do!". Single family, multi family, apartments, air bnb, flips, storage, local, long-distance, etc etc etc. Its a bit overwhelming. What I hear loud and clear is that I just need to do something. SO, I am selling my beach house and am going to take the money from that and begin looking for good BRRRR properties in Katy/Cypress/Richmond area. I've started to network and am running numbers on a bunch of MLS listings. There are opportunities...just need to make the move and get in the game. Would love to hear from folks in my area who are interested in networking, sharing ideas/war stories,etc. Thanks!
Most Popular Reply
@Jason Knight welcome to BP! It's a great community full of knowledgeable investors and RE professionals.
What helped me in the beginning is getting crystal clear on my goals, then working backwards to determine what are the best deals to meet those goals.
Remember, you're not going to get rich on your first deal but just make sure you minimize the downside risk. All the great investors (both large and small) mitigate their downside risk.
Best of luck!