New Member Hello :) Austin, Texas

6 Replies

A little about myself, I am 26 years old born and raised in Austin Texas.  I started my working career as 3rd generation auto mechanic in family garage and decided to assist in my uncles remodeling business. This lead me to multifamily Maintenance (apartment a/c guy) which I did for 3 years. The TEXAS HEAT wore me out so I moved into the office and moved up to property management which I did for about 5 years and still currently do.

After much researching and many books/podcast later I feel like I am almost ready to make that first step into Real Estate Investing.

RIGHT NOW : I am 124 hours into my 180 hours to obtain my Real Estate License in Texas. I am around one year out from being completely debt free (car loan) and have been slowly increasing my credit which I am in the low 7's now. I plan on being my own agent for my first property and go the owner occupied route for two years which I plan on renovating in that time frame, then selling.

My plan would be to save up additional funds and add them to my selling profits to obtain a 2nd home and repeat the process of 2 years occupied, renovate, then sell. I am at the age where many of my friends are looking to buy but most are looking to rent and they know I wouldn't give them any lee-way or favors in regards to late payments and would set them up with a standard leasing contract. 

I want to get in contact with anyone that have gone this route, and if so I want to know if you recommend after 2 years to sell or rather rent it out. I have managed apartments, done budgets, and know pretty much any and all maintenance issues that could occur as well as many family members in the renovation business. I am hoping by the age of 40 to purchase a ranch and settle down. I am not sure if this would be achieved faster by repeating the renovate and sell process or to have renters pay the houses off and sell all at once. I do not mind being a landlord for one two even ten people as my biggest property managed had about 600 tenants.

Thank you !!! I have heard many great things about this website and thought I would join :) Truly excited for what the future holds.

Respectfully, Alexander

Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! 😁 Congratulations on working towards your RE license. Also your experience as a PM could be your food in the door. Maybe find a property and find a partner who does not want the work of rehab and rental management. Hope the best for you.

Welcome to the family. Congratulations on making steps towards your goals, and being debt-free! Wishing you the best of luck as you move forward in this chapter of your life.  

@Alexander Miguel Saldivar

Welcome to the BP family! Great that you joined the site! Here are some recommendations for you:

Find and connect with other BP members that are in your area:
Set up keyword alerts to be notified of the topics that interest you:
Read Beginner’s Guide:
Check out BP Podcasts:

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best!

@Alexander Miguel Saldivar I just signed up BP couple hours ago and didn't feel like posting anything until I saw yours. I have to say you are on the right track, at the right place and you can afford a ranch well before 40. :) 

I bought my first little condo at the age of 24. When I have enough downpayment for a little bigger and better SF house, I would take on a new mortgage and rent the previous one out. 20 years down the road, I am able to invest in commercial real estate like multifamily and development land. I only have time and luck on my side, but you have additional skills to put in as sweat equity and you have BP! :)

Best wishes!

@Dmitriy Fomichenko Thanks for the shared links. I can use some too. :)

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you