Newbie Investor from Dallas, Texas

New Member Introductions
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Newbie Investor from Dallas, Texas

Angelina Essuman
New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes

Hi Everyone! I’m about 3 weeks in to real estate investing and wanted to introduce myself!

I am a Technology Executive at a large company in Dallas, Texas and while working from home due to COVID started researching side hustles to boost my retirement goals. I read over and over that real estate investing was the best way to build long term wealth so started digging deeper into what that entails. I stumbled upon BP and instantly got hooked! 

I've decided my initial niche will be SFR and small multi-family buy and hold rentals using the BRRRR strategy in DFW and Atlanta, Georgia. My goal is to purchase one property by end of year and grow to three total by end of 2021.

Looking to learn and consume as much as I can about the business and build as many relationships as I can to grow a lucrative portfolio for not only retirement but generational wealth. I’m willing to roll up my sleeves and help out wherever I can for on the job experience and mentoring opportunities!

4Reply
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Bill HamptonBusiness Member
Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
6y

Angelina,

Welcome to Bigger Pockets. Bigger Pockets is a great place for education and networking and is full of great content. 

I recommend that you check out the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Check out other online guides available here: https://www.biggerpockets.com/guides

3. Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators

7. If you can't find what you're looking for, try the Bigger Pockets Fileplace. It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files 

Good luck investing. Let me know if you have any questions.

404-482-3170
Hampton Tax and Financial Services LLC4.7106 Reviews
WebsiteView Page
4Reply
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  • Ryan BlakePro Member
    Lender · TX · Member since 2018 · 936 posts · 713 votes
    6y

    @Angelina Essuman Welcome to the BP community! BRRRR is a super strong strategy. Right now in DFW I think people are having the most success in the cities just east of Dallas (Garland and Mesquite areas) and in parts of Arlington, Fort Worth, and Dallas South of I-20. There are other hot areas I am sure others can put you on too.

    [email protected]214-420-7324
    2Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    Thanks so much @Ryan Blake!! Just sent you a message 

    0Reply
  • Hayden Harrington
    Investor · Houston, TX · Member since 2020 · 70 posts · 44 votes
    6y
    Originally posted by @Angelina Essuman:

    Hi Everyone! I’m about 3 weeks in to real estate investing and wanted to introduce myself!

    I am a Technology Executive at a large company in Dallas, Texas and while working from home due to COVID started researching side hustles to boost my retirement goals. I read over and over that real estate investing was the best way to build long term wealth so started digging deeper into what that entails. I stumbled upon BP and instantly got hooked! 

    I've decided my initial niche will be SFR and small multi-family buy and hold rentals using the BRRRR strategy in DFW and Atlanta, Georgia. My goal is to purchase one property by end of year and grow to three total by end of 2021.

    Looking to learn and consume as much as I can about the business and build as many relationships as I can to grow a lucrative portfolio for not only retirement but generational wealth. I’m willing to roll up my sleeves and help out wherever I can for on the job experience and mentoring opportunities!

    Welcome to BP, Angelina. If you want to get connected in the multifamily space, we have a great community of investors called "Momentum Multifamily" on Facebook that you are welcome to join. The majority of the folks in our group are DFW based as well! 

    0Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    @Hayden Harrington thanks so much! I’ll go check it out 

    0Reply
  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
    6y

    Angelina,

    Welcome to Bigger Pockets. Bigger Pockets is a great place for education and networking and is full of great content. 

    I recommend that you check out the following resources:

    1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

    2. Check out other online guides available here: https://www.biggerpockets.com/guides

    3. Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

    4. If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

    5. You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings

    6. BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators

    7. If you can't find what you're looking for, try the Bigger Pockets Fileplace. It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files 

    Good luck investing. Let me know if you have any questions.

    404-482-3170
    Hampton Tax and Financial Services LLC4.7106 Reviews
    WebsiteView Page
    4Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    6y

    Welcome to BP Angelina!

    Podcast Guest on Show #121
    1Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    Thanks! @Andrew Syrios! Your podcast episode with your brother was one of the first ones I listened to (and your dad’s) and what got me and my husband super motivated :) 

    1Reply
  • Brenden MitchumBusiness Member
    Rental Property Investor · Atlanta, GA · Member since 2019 · 1k+ posts · 872 votes
    6y

    Hey @Angelina Essuman, welcome to the BP community!

    It sounds like you have picked two HOT markets to invest in. This will be a huge challenge for a new investor but when you pull it off you will be positioned quite nicely. While it might be best to start in the market you are familiar with over in DFW, you should definitely start building a solid team here in ATL. BRRRR is an incredible strategy but takes a complete team.

    Please, feel free to reach out to me anytime if you need some help setting up your team here or if you have any questions/just want to chat about the Atlanta market!

    [email protected]404-737-0018
    1Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    6y
    Originally posted by @Angelina Essuman:

    Thanks! @Andrew Syrios! Your podcast episode with your brother was one of the first ones I listened to (and your dad’s) and what got me and my husband super motivated :) 

     Thanks Angelina, that's awesome to hear! I'm glad you and your husband found something worthwhile in it. 

    Podcast Guest on Show #121
    0Reply
  • Austin Sine
    Real Estate Broker · Kansas City · Member since 2019 · 86 posts · 43 votes
    6y

    @Angelina Essuman Welcome! In addition to some other markets mentioned - I would take a look at West Dallas, Near & around White Rock Lake (easterly), and Denton. 

    If you ever have any Dallas specific questions feel free to reach out.

    Good luck! 

    0Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    @Austin Sine thanks so much! I will definitely take you up on that offer!!

    1Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    Thank you @Brenden Mitchum!  I'm originally from Georgia, went to Georgia Tech and lived in Atlanta 13 years before moving to Dallas, so I feel like I'm more familiar in that market vs. DFW.  My parents just offloaded an investment property in Marietta near the up and coming Cobb Energy Theatre, I wish I would've had foresight to know that I'd be getting in to this game, I would've snatched it up from them!  Would love to connect with you as I start building my team there

    1Reply
  • Brenden MitchumBusiness Member
    Rental Property Investor · Atlanta, GA · Member since 2019 · 1k+ posts · 872 votes
    6y

    Hey @Angelina Essuman

    I had a sneaking suspicion you were in fact from Atlanta. So, you are actually in a pretty sweet position right now. You're very familiar with a fantastic market and you're now living in one of the few that have outperformed that market over the past decade. You can really go with either but I would suggest picking one and sticking to it for now. Definitely network in both markets but really dial in on one to buy deals in. From what I've heard, DFW rivals Atlanta in terms of number of submarkets so whichever you go with you'll really need to focus on learning as much as you can about those submarkets and which ones are the best fit for you and your investment strategy.

    Please, do reach out to me once you start building your team. I am happy to help and would love to learn from you and your years of experience here in Atlanta. 

    [email protected]404-737-0018
    1Reply
  • Cathy Hutson
    Dallas, TX · Member since 2019 · 2 posts · 1 vote
    6y

    Hi Angelina! I am in north Dallas. And, I am planning on HHing a duplex in the area, in the coming year as well. They are not abundant. But, I will be up to date on what is available on the MLS. I am still learning a lot too! Feel free to contact me if there is anything I can help you with in your journey.

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    6y

    @Angelina Essuman

    Welcome to BP community! It is a great place to meet new friends and learn about various aspects of real estate and more.

    Wishing you the best!

    0Reply
  • Marlen Weber
    Specialist · Plano, TX · Member since 2020 · 2k+ posts · 861 votes
    6y

    Hi @Angelina Essuman. Congratulations on your new real estate investing career. Happy to connect with you. You have excellent goals for 2021, keep killing it. Also, fellow Dallas local here as well :)

    1Reply
  • Vernon Watts
    New to Real Estate · Dallas, TX · Member since 2020 · 94 posts · 20 votes
    6y

    HI Angelina 

      Welcome to the BP family, as you can tell by now you're in the right place. 

    When you get the chance, please share your criteria for buying property.

    Happy Hunting

    0Reply
  • Travis Fairbairn
    Fort Worth, TX · Member since 2019 · 56 posts · 19 votes
    6y

    @Hayden Harrington intriguing a group on FB I’m for multi family and a lot are in DFW. It seems challenging to find that niche in DFW! Do you see a lot of small multi family?

    @Angelina Essuman congrats! Sounds like you and I are in very similar places and goals! I’ve be devouring books and the BP podcast! Which episode was it that you referenced earlier in the thread?

    0Reply
  • Hayden Harrington
    Investor · Houston, TX · Member since 2020 · 70 posts · 44 votes
    6y

    @Travis Fairbairn I see some, but we mainly focus on 100+ in size. Are you interested in smaller deals? I get sent 15-50 unit sized deals every now and then that I can pass along if interested.

    0Reply
  • Travis Fairbairn
    Fort Worth, TX · Member since 2019 · 56 posts · 19 votes
    6y

    @Hayden Harrington man I appreciate it! I’m not there yet, so I won’t waste your time. But soon enough! Although I’ll keep that in mind for other investor friends.

    0Reply
  • Jon Shoop
    Property Manager · Dallas, TX · Member since 2020 · 109 posts · 79 votes
    6y

    Hey Angelina! Welcome to BP! I'm somewhat new here too but I've definitely been learning a lot. Dallas and Fort Worth are great markets for BRRRR! I'll be working on my first by the end of the year as well. Looking forward to seeing your success!

    1Reply
  • Megan N Williams
    Financial Advisor · Dallas, TX · Member since 2020 · 2 posts · 0 votes
    6y

    @Angelina Essuman

    Hello and welcome to Texas! My husband and I have been living here for about 7 years now. We are looking to buy our first property by the end of the year and like you keep building on our financial freedom!

    We are interested to see how the markets change in the next few months and for now are focusing on networking and educating ourselves so we are ready when it’s time to buy. Good luck in your endeavors!!

    P.s. if you are looking for great BBQ head to Hutchins in Frisco or McKinney.

    0Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    @Brenden Mitchum thanks alot! That's super helpful to know.  Will talk soon!!

    1Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    @Megan N Williams welcome and good luck to you guys as well!! Thanks for the tip on BBQ, i will definintely make the trek up north!!

    1Reply
  • Angelina Essuman
    OP
    New to Real Estate · Dallas, TX · Member since 2020 · 25 posts · 15 votes
    6y

    @Travis Fairbairn, same! I've been reading books, watching webinars and listening to podcasts like crazy!

    The podcasts I referred to above are #120 and #141.  Good luck to you!!

    0Reply
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