Updated about 5 years ago on . Most recent reply
how do you know what is considered a good deal in Houston?
Hi BP!
I am new to REI and trying to educate myself as much as possible. Listening to different podcasts I hear a lot of investors buy property for under 100k, but I'm having difficulty finding properties around this ballpark. One strategy I really like is BRRRR, but how do you determine a good purchasing deal when it comes to multifamily/single-family properties? My market is Houston and I also try to take into consideration appreciation. btw if anyone wants to connect or willing to accept a mentee I am all for it! Thanks
Most Popular Reply
Congrats on finding BP! If you are just getting started you may want to attend the BP webinar being hosted 8/5/20. It's also a good idea to check out the BP bookstore. As far as price is concerned, %100k may not be realistic for your market. Real estate investing is not one size fits all. The key is to understand your market and figure out how you can make money where you want to invest. In addition to this site and the podcast, BiggerPockets also has a YT channel you may find useful. Best of luck!