New Investor In Fort Worth TX
Wanted to Introduce myself. I am a new investor in Fort Worth, Texas.
I have a background in Residential Construction, Consumer Finance, Retail Banking, and currently am a partner in a Land Service Company in the Oil and Gas Industry (I am a Landman).
I purchased my first property in July, did the rehab and put a tenant in it just under a month from closing. My longterm strategy at this time is buy and hold, but i do plan on flipping a few to get some additional cash.
The first deal was financed through a local state bank with 25% down, at 5.25% on a 15 yr, and cashflows $547/month. I got a 2 year lease on the property.
I have realized I am looking to find some motivated sellers that may entertain seller finance as it will help my capital go a little further.
Look forward to my continued education in RE with the help of BP.