Houston, TX · Member since 2013 · 34 posts · 4 votes
Hello BP Members,
I'm beginning investor looking to grow my knowledge and connect with others. I must say I've already learnt a lot by reading several BP articles, Ultimate Beginners Guide, and posts - thanks all for making BP such a great resource.
I'm pursing a two pronged strategy: wholesaling and rental property investing. Goal is to utilize wholesaling to raise capital for buy and hold investing and also to locate rental properties for our portfolio.
Interested in hearing thoughts from other pursing similar strategies and connecting with other investors.
I wish I lived in Houston. If I lived there I would buy properties directly instead off dealing with turn key providers. There is a group I've been meaning to hook up with called Lifestyles Unlimited. Check them out and ping me to see what you think.
@Oscar Perez I have attended a few Lifestyles Unlimited events. At this point, I'm conserving cash and not ready to pay the membership fee. Looking to exhaust other free or cost effective resources first. Thanks though.
@Ned Carey Thanks. Glad to hear you are pursuing a similar strategy. I will check out your blog.
@Oscar Perez I have attended a few Lifestyles Unlimited events. At this point, I'm conserving cash and not ready to pay the membership fee. Looking to exhaust other free or cost effective resources first. Thanks though.
@Ned Carey Thanks. Glad to hear you are pursuing a similar strategy. I will check out your blog.
I belong to Lifestyles and I love it. Lots of great info and I can talk to anyone I need to help me along my way. If you have any wholesale deals, let me know or put me on your buyers list. If you have any questions just shoot me a message.
Brandon Turner thanks for the welcome and links to the articles. You and Joshua Dorkin are doing a great job with BP. Also, really enjoying listening to the podcasts. I'll make a point of writing a podcast review soon.
You live in a great area to get started in REI. I say your strategy is a good one. You'll definitely find all the info you need to take action here on the forums. My advice is to be really disciplined with saving your earnings from wholesaling so you can really accomplish your goals. Have a detailed plan and the sky is the limit!
BTW, it seems like Brandon Turner has a "current" obsession with just about every aspect of real estate investing LOL. I know an addict when I see one! j/k Your enthusiasm motivates me in my investing and I appreciate it.
Thanks Mehran Kamari. I love Houston and looking forward to many years of successful investing. I'm with you on being disciplined. All the best on your 2013 goals.
I'm also very motivated with what I've learnt from investors like Brandon Turner and others on BP.
Allan Mugu We love those reviews on iTunes! Only like 50 more to be the top reviewed real estate podcast in iTunes! :)
And Mehran Kamari - it may be true, I'm pretty obsessed with this whole game. Though I am falling out of love with being a landlord when my tenants don't pay their water bill and I get stuck with the bill... again... (can you tell I'm a little bitter today!!?) :)
Brandon Turner Ugh, I didn't even know they come to YOU with the bill as the landlord if the tenants don't pay. How many months does it take before that actually happens? Not FUN! But I guess it's part of the game
The town this rental is in recently passed a law declaring all water bills the landlord's responsibility. However, they bill to the tenant, and don't tell me there is a problem until a couple months after the tenant doesn't pay. Fun fun, so now I have a $350 bill. Time to remove those tenants! Good thing I have a security deposit, but I'm sure it won't cover it all.
Allan Mugu don't let this scare you! It's actually not that bad when you have systems in place (and the city isn't evil!)
I've never understood why anyone would want to pay a 'membership fee' to a group when there is so much great information available through books, audios, online, and mentors. I fail to see the benefit unless they are there to kick people in the pants to get them to take action. :-)
Brandon Turner I just got done reading @Paula Pant article on How to Avoid Landlord Burnout: 5 Actionable Tips (Btw, how do I make this a link?) and now your post! :)
No worries I'm not scared. I'm committed to learning and putting the right systems to prevent or work through any challenges/issues.
Thanks Marco Santarelli. I'm with you on utilizing and exhausting free resources. Some people need more structure. For me, my professional job has learn how to quickly get up to speed on new ventures and fit the puzzle pieces together. I'm enjoying going through the process with RE investing.
While this website is the best to learn about RE some people like to be able to talk to people face to face. Thats how they learn. To be able to walk through deals with people is a great experience. Some look at it as like paying their way through college. Now should anyone pay 20K for a per se guru. I don't think so. It all just a matter of personal preference really.