Houston, TX · Member since 2016 · 45 posts · 28 votes
Hello BP,
I am looking for 1 or 2 individuals that has the same level of interest and motivation in real estate investing. My goal is to buy my first rental property within 90 days. I want to look for someone that has never done any deal and share the same goal with me. We are going to share our knowledge, help each other and be each other's accountability partner to push one another.
I joined BP 3 years ago. I have been listening to podcasts, audible books and learned a ton but the main thing is that I never take action. I have wasted 3 years and this is the time that I need to step up and do something. So if you are in Houston and have the same mindset, lets connect and help each other grow.
Specialist · Houston, TX · Member since 2019 · 151 posts · 17 votes
7y
Duy, still looking for a new investors in Houston? I haven't done a deal, but already partnered up with a friend. I think we should stay in touch and share our experiences and challenges before, during, and after the first deal, so even if we don't do the first one together maybe we can learn from each other.
Houston, TX · Member since 2016 · 45 posts · 28 votes
7y
@Mitchell Benson I would love to if you don't mind. The reason I am asking for newbie investor is because I havent done any deal, asking to partner with someone who has done deals may portrait me as wanting to learn for "free".I'm trying to educate myself and hopefully at some point I can find a partner where I can contribute my part to the relationship!
Specialist · Houston, TX · Member since 2019 · 151 posts · 17 votes
7y
Duy, still looking for a new investors in Houston? I haven't done a deal, but already partnered up with a friend. I think we should stay in touch and share our experiences and challenges before, during, and after the first deal, so even if we don't do the first one together maybe we can learn from each other.
Rental Property Investor · Houston TX / Tacoma WA. · Member since 2019 · 166 posts · 89 votes
7y
@Duy Nguyen
Don't be afraid to "use" more experienced investors, you will get more efficient results, and the experienced investor will get the benefit of helping you out, creating a possible partnership with you, or just helping each other out in the future.
Houston, TX · Member since 2016 · 45 posts · 28 votes
7y
@Meir Greenblatt that would be ideal but some experienced investor doesn't have time to mentor unless you bring something to the table which totally makes sense. Thats why I am asking for a newbie to partner with.
Rental Property Investor · Houston TX / Tacoma WA. · Member since 2019 · 166 posts · 89 votes
7y
I see that makes sense.
I would have partnered with you but I'm moving to Tacoma in 7 months, so I'm not sure if it will be a good idea for me to buy a place now, but instead I rented a $900 apartment and will Airbnb it, trying to create some passive income.
I would have partnered with you but I'm moving to Tacoma in 7 months, so I'm not sure if it will be a good idea for me to buy a place now, but instead I rented a $900 apartment and will Airbnb it, trying to create some passive income.
Thats awesome. Good look on your relocation! Thanks for all the tips
I am also new to flipping but have experience in remodels and some new construction. Let's see how we can help each other.
Thats awesome, I may need your help on getting estimates on rehabbing a home. Are you in Houston area? If so lets grab a cup of coffee over the weekend to talk about it.
@Mitchell Benson I would love to if you don't mind. The reason I am asking for newbie investor is because I havent done any deal, asking to partner with someone who has done deals may portrait me as wanting to learn for "free".I'm trying to educate myself and hopefully at some point I can find a partner where I can contribute my part to the relationship!
Great post and good we are taking the initiative to ask.
I think it is ok to ask even from those we have done deals, so far you are NOT being a Value Leech, but adding Value in return, I think it can be a WIN-WIN situation.
We like the Houston market. It has been overlooked by many investors in the past, but it is definitely becoming a strong market.
I live in the OC in California. I'm looking to invest out of state and Houston is one of them. Though it may be difficult to meet in person, I'd love to still connect and get your opinions on the Houston market.
Killeen, TX · Member since 2019 · 4 posts · 1 vote
7y
@Meir Greenblatt Hey question, how’d you find a landlord that let you rent there property for AirBnb? I’ve been looking for properties to rent for past 2 weeks to do the exact samething but most of the properties are owned by a management and most managements are not open to having there unit being used for AirBnb. If you have any advise or know anybody with property that’s open to the AirBnb business model please contact me.
Hit me up if/when you're ready to make offers on any properties on the MLS. I also network with a ton of wholesalers, so if you are looking for something specific, shoot me a message with your criteria. I'll keep my eyes out! The market is RED HOT right now - everyone's snatching up every property that is even remotely profitable as a rental. Keep looking, but don't get discouraged if you don't find anything right away. It depends on your acquisition strategy (cash, hard money, private money, or conventional).
@Meir Greenblatt Hey question, how’d you find a landlord that let you rent there property for AirBnb? I’ve been looking for properties to rent for past 2 weeks to do the exact samething but most of the properties are owned by a management and most managements are not open to having there unit being used for AirBnb. If you have any advise or know anybody with property that’s open to the AirBnb business model please contact me.
Thank you,
Check out Airbnb automated on YouTube for cool tips.
What i did is look for a land Lord trying to rent out his place for more then a month and it's not getting rented eventhough it is a good price, then I contacted the real estate agent to see the property, after seeing the place I told the agent that I will be signing a lease for 1 year if I can do airbnb in the place. She said that I'm the only one that put an offer after seeing the place because the place was filthy and not attractive. I offered to pay $100 deductible for every maintenance problem up to 4 times a month. Also I told her that i will be fixing the stuff needed to be fixed on my own, so she offered me half month of free rent :) I will be putting probably a total of $1000 fixing the place up but I will be targeting class C & D Airbnb guests. And I have a private investor that put $10k in to it so we will have enough for the beginning, he will be getting 70% until the principal return, and then 50% .