All Forum Posts by: Carmen Garza

There are so many unknowns at this time, keep as much cash as possible. I believe there will be much more deals at better prices in the months to come; however even if nothing happens, you could just pay off the loan in 6 months.

Keep learning, listen to podcasts, read books, attend meet ups, play Cash Flow 101 on the Internet. Find a purpose (read Start Something That Matters by Blake Mycoskie), create a business plan, find a property (create a Pro forma) then ask your parents if they will invest with you (if that’s not possible, keep saving!) 

I’m on the Texas coast by Galveston, TX. I initially wanted to build on the coast.  If you find some land already developed, that may help with the costs of adding utilities and hassles with city planning departments.  However, double check the costs of windstorm and flood — both ate into my monthly cash flow and I decided not to go there until I have a stronger portfolio 

Once you get your list, there is a company that will estimate the cost of each repair, I can’t remember the name but it’s on a BP podcast (Check the notes)