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All Forum Posts by: Charisse Patterson

Charisse Patterson has started 3 posts and replied 10 times.

Post: Advice/Insight for a future TX Real Estate Licensee

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

I’m getting ready to take the TX Real Estate exam and I’m having major anxiety (I’ve always had text anxiety issues). I could really use any and all pointers to pass both the parts the first time 😰. I’ve been studying for about a month now and I’m ready to take the plunge in the next few weeks. Any help is more than appreciated!

Post: Self Directed IRA Information

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Taylor L. Pardon my lack of knowledge, but what I a syndication investment/investor?

Post: Self Directed IRA Information

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

Hi, does anyone know anything about self directed IRAs? Is it a a good, creative method to start funding for a newbie investor?

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Ryan Hall thank you for the feedback and the book recommendation...getting it first thing in the morning!

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Cody L. Thank you so much for the clarity within your response!

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Daniel Molina thank you for the feedback! Just simply based off of reading up on the finance options, I believe that HML will be the route that I'll take.

I’ll take you up on asking additional questions, within reason of course.

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Tamara Deering yes, I'm looking for 1-4 family properties. I've been looking on the online auction sites and have found some that I'm interested in, but don't want to jump out there until my foundation is established in regards to the business end. I'm opening my business account with Navy Federal next week and was thinking that I should reach out to HML and agents thereafter.

Do you mind giving me a brief overview of examples pertaining to the separate expenses you mentioned.

Thank you for your time!

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Cody L. Thank you, that was very helpful. I’ve been struggling with trying to figure out the next steps to take. I didn’t know if I should seek out financing now, I’m unsure on whether or not it’s open ended, because I haven’t found a deal yet.

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

@Guifre Mora thank you very much

Post: New Investor - Houston Market - Buy & Hold

Charisse PattersonPosted
  • Rental Property Investor
  • Houston, TX
  • Posts 10
  • Votes 0

I just submitted my LLC docs for TX and wanted to get some pointers/insight from more experienced investors on the following:

1) What should my next basic steps be in regards to after establishing the LLC (i.e. open business bank account, find lenders)?

2) What’s the most efficient way to locate good Buy & Hold properties; utilize a realtor or simply use websites such as xome or auction.com?

3) What methods of research are used when trying to ascertain the MPP?

4) How do you start to build an efficient team and where is the best place to find contractors?

I have so many questions and have found many answers here in the various forums and books!

Please feel free to provide me with a limitless amount of knowledge and information. 😁