New Investor in Houston, TX
Hi,
I'm new to the Houston area and looking to network within the area. My ultimate strategy is the buy and hold then trade up philosophy. I house hacked my first townhome in San Antonio and it is cashflow positive plus $150 a month after everything. Not bad for a newb. However now that I'm here in Houston I need capital to get more properties. Sounds like a wholesaler in the making. I've sent out my DM marketing campaign to find motivated sellers and have a few nibbles but no deals under contract (I'm close! I can feel it) How did you local investors go about building your cash buyer list for wholesaling and other creative financing deals?
Most Popular Reply
Welcome to BP. Network, network, network to build your buyer list. Attend local investment clubs too. Join a service organization that has movers and shakers (Rotary, Kiwanis etc). Get involved in local politics. You'll meet plenty of buyers.
NEVER break your word. NEVER try to 'screw' these buyers; always show them a fair deal. You make some money, they make some money. Never you make all the money, and the buyer is screwed.