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Katie Neason
  • Flipper/Rehabber
  • Bryan, TX
170
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?Howdy! I am a newbie to the BP forum from Bryan, TX

Katie Neason
  • Flipper/Rehabber
  • Bryan, TX
Posted

I am a pretty green investor. I started with my first rental property in 2006. Since then I have purchased 14 "doors" in my local area. This year I purchased my first SFR flip which I am under contract on to sell this month. I am neck deep on the rehab of the second one and am under contract to purchase the third one.

I learned about the PB forum through the podcast. I have enjoyed the podcast so much I thought I would check out the forum. Admittedly, I am completely overwhelmed by the forum which makes me want to sit back and do nothing. Fighting that urge, I have decided to just jump in and figure out things as I get more involved.  I am looking forward to making connections, growing my network and growing my real estate "empire" (I use that term very loosely and there is LOTS of room for growth)!

My real estate goal is to replace my w-2 income with passive income by 2020.  My immediate goal is to find an amazing wholesaler in Bryan/College Station that can turn up deals to help feed my flipping project.  Assuming I hit my profitability goals on my three flip projects this year, I hope to double the deals next year. 

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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Katie Neason 

Welcome. Time to build the legacy and foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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