New member in Austin, TX

Austin, TX · Member since 2019 · 1 post · 0 votes

Hello BP members!

I'm currently graduating Texas Tech University and moving to Austin, TX in January to start my new full-time role in a tech company. I've been intrigued in real estate for quite some time now, but just hadn't been ready since school had taken up my time as well as money. I've been reading all the books I can on investing, rentals, reading BP forums, and listening to all the podcasts I consume. I'm looking forward to networking with other investors at the Austin REIA come January and taking my first steps in real estate investing. I'm currently looking to do single family home rentals in the Austin area while working full-time. Any advice on what to look for, tips on renting, etc. would be greatly appreciated. Thank you in advance!

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Joe R.
Developer · Chicago · Member since 2019 · 16 posts · 4 votes
7y
Welcome Justin! Very happy to see you taking initial steps towards investing in RE. Few things that my business partner and I like to look at when purchasing SFH is the level of rehab required and whether the comps are there to justify that. Getting a rehab budget is the toughest part and to start off I would get multiple bids for sure. On renting, if you buy through a broker, he will also be able to pull rental comps for you, which would be helpful upfront. Best of luck!
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Jordan MoorheadBusiness Member
Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
7y
@Justin Davis I would definitely start with something you can househack whether it's a SFH, SFH with an ADU or Duplex. Reducing your living expense in a higher cost area like Austin will be very important to help you get started investing. There are tons of great groups in Austin too. I have a SFH w/ ADU in East Austin that's done well for me. Welcome!
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Caleb L.
Investor · Georgetown, Tx. · Member since 2019 · 149 posts · 69 votes
7y
Welcome to BP! As I tell a lot of new members, "Nothing comes from nothing, so go out there and get it done!"
I'm sure you'll have a lot of success!
Best of luck to you in your REI journey.
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Justin WindhamPro Member
Banker · Nationwide · Member since 2015 · 4k+ posts · 1k+ votes
7y
@Justin Davis

Welcome to Bigger Pockets!

This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/pro

The site has quite a few tools that can be helpful for new members. I like the search features: https://www.biggerpockets.com/search

Alerts can be really helpful too: http://www.biggerpockets.com/alerts
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