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Andrew Jones
  • Allen, TX
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Getting Started North of McKinney

Andrew Jones
  • Allen, TX
Posted Dec 2 2020, 19:49

After a long time saving and learning I've got the nugget I want to use to begin my REI journey. My current plan is:

Single family 3/2's along the McKinney to Dennison stretch of 75. Looking in lower middle class areas where cash purchase + rehab comes in at 120k. While I'm local (Allen) I need to approach this as if I were out of state. That means working with an agent, gc and property manager who can work online and with minimal physical presence. I have access to legal and accounting from my software consulting. I'm looking BRRRR to hold, but should have flexibility by not needing to finance out of the gate should a different exit be needed.

My next step seems to be contacting agents and property management in the area.  Once the hunt begins in earnest finding a contractor will be the biggest hurdle.  I've been reluctant to make these calls in the past because I don't want to waste people's time.  Now I'm ready to move forward and it's time to meet people.

Wish me luck!

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