I love being a student, but this year although I'm dedicating it to learning and growing is also my year to purchase our first single family buy and hold property. Leaning on out of state opportunities in Fort Worth, Texas (and surrounding areas).I'm currently taking actions steps to learn, connect, build a team, & ultimately purchase that first one. After that, we hope to grow and add to our portfolio. I am hoping BP community can help me. I went PRO to start analyzing properties, start goal setting, and forming my team. Any wisdom you wish to impart to me will be greatly appreciated.

Welcome to the community, @Stephanie Birmingham

You've come to the right place to learn the ropes. Take your time building your network and getting helpful tips.

Here's on tip you might find useful: for your first rental, I'd suggest you buy a property close to your residence as opposed to out of state one. This will give you the opportunity to manage the rental yourself instead of hiring a management company. In addition to saving costs, such hands on experience will be your best learning experience.

Good luck.

@Stephanie Birmingham

Buying my first rental property was scary. But after a few months of cashflow it soon became addictive. Looking back buying rental property was the best financial decisoin I ever made. Fort Worth is a great place to invest. The long term outlook is outstanding. Be sure when you work with any agent that they actually invest in real estate themselves. It is amazing how many agents don't truly understand what makes a good rental. With being out-of-state, I would stick to 3 bed 2 bath 2 car garage homes in B class neighborhoods. These tend to have longer term quality tenants. Maybe stick to North of Loop 820 on either side of I-35W and HWY 287. Their are also some good pockets along the NW Loop 820. Areas like Watauga, Fort Worth, Ronoke, Haslet, Summerfields.

Originally posted by @Stephanie Birmingham :

I love being a student, but this year although I'm dedicating it to learning and growing is also my year to purchase our first single family buy and hold property. Leaning on out of state opportunities in Fort Worth, Texas (and surrounding areas).I'm currently taking actions steps to learn, connect, build a team, & ultimately purchase that first one. After that, we hope to grow and add to our portfolio. I am hoping BP community can help me. I went PRO to start analyzing properties, start goal setting, and forming my team. Any wisdom you wish to impart to me will be greatly appreciated.

 Welcome aboard Stephanie

Welcome to BP @Stephanie Birmingham !

Congrats the younger you are the longer you have for your wealth to grow. : )

Originally posted by @Kyle Mccaw :

@Stephanie Birmingham

Buying my first rental property was scary. But after a few months of cashflow it soon became addictive. Looking back buying rental property was the best financial decisoin I ever made. Fort Worth is a great place to invest. The long term outlook is outstanding. Be sure when you work with any agent that they actually invest in real estate themselves. It is amazing how many agents don't truly understand what makes a good rental. With being out-of-state, I would stick to 3 bed 2 bath 2 car garage homes in B class neighborhoods. These tend to have longer term quality tenants. Maybe stick to North of Loop 820 on either side of I-35W and HWY 287. Their are also some good pockets along the NW Loop 820. Areas like Watauga, Fort Worth, Ronoke, Haslet, Summerfields.

Thank you for your suggestions!! Much appreciated.