All Forum Posts by: David Schmiediche

What are the benefits of Section 8 or HUD tenants? What is the process of acquire HUD tenants? How hard is it? How much does it cost? Is it worth it? If these are questions that you have asked this meet up is for you! Come and join us at the next College Station Investor Meet Up where we will be learning all there is to know about the process of renting to HUD tenants. Our host is house hacking a duplex and currently working on getting his property HUD approved to take advantage of the benefits it provides. Come with your questions and a notepad! This is going to be a good one!

There's a lot needed to get into real estate investing that can make investing in real estate a far away goal, time, Knowledge, and money just to name a few! Thankfully, with a little bit of advice, and budgeting your dreams and goals can be sooner than you are anticipating! Join us this month while we learn about the story of Sarah Wilson, aka Budget Girl, and how she got started investing in Real Estate!

Looks like a fantastic Investment! One question I do have is on the financing. Was the note amortized for 12 years or a balloon payment?

@Chris Sabanos

116 Richards St College Station, Texas 77840

October 14th 7-9PM

Congratulations @Kameron Yellin! I'm happy to see the final result of the property! Looks like it is treating you well!

Hey @Anthony Perez! There is going to be an investor meet up in College Station and that would be a great place to network with like minded individuals in College Station! Our market like @Gregory Schwartz said is a great market to house hack in!

Even in this market there are deals to be found! Join us at our hosts newest STR Investment and learn about the opportunities available for maximizing profits through STR. You won't want to miss the story of how our hosts found this investment before it even hit the market and renovated it just in time for Football Season! No matter what type of market your in there are investments available to you using a little creativity!

Hey @Daniel Sanchez! I'm happy to see you interacting with the BP community and see you ready to take action on purchasing your first property! As for the three things that should be done to reach your goal, this is what I would recommend.

1) Know exactly how your going to fund your deal. Especially with this being your first investment financing will most likely be one of the biggest problems you'll need to solve before being able to close. With your current financial statement will a bank lend to you? If not who can you partner with? Do you need to find an owner financed option? Do you have the down payment needed to close? Knowing the answers to these questions before hand will be one less thing to worry about during the option period and will also give the seller confidence in your ability to close making your offer more desirable than some others

2) Know exactly what you're looking for. You must know what you are looking for if you truly want to find it. Most people miss opportunities in life, not because the opportunity wasn’t there, because they didn’t have a clue what it looked like when it arrived. They never slowed down and took the time to figure out what they were looking for.​ On the flip side Al Rincon (our broker) told me one time specifically about finding investments "Have a standard. If you don't stand for something you'll fall for anything." In other words everything can look like a good opportunity if you don't know what you're looking for.

3) Start looking for your investment right now. It can take sometime to find the right investment especially in this market. If you are relying solely on the MLS to find deals than you can't really do anymore than look to see what new listings have come on the market and if you are searching for off market deals start the search now.

4) Lastly, there's the quote that states "your network equals your net-worth." Knowing more people can never hurt you achieve your goals. Take time to network with other investors, specifically there is a meet up that happens on the 2nd Thursday of every month in College Station and it is a perfect place to meet like minded investors that can help you with your future investments, answer questions that you may have on certain deals, or help you figure out how to do something they have already done.

Best of luck on finding and purchasing your first deal!

I'll see you there @Gregory Schwartz!

I'm looking forward to it! I'll see you there @Gregory Schwartz. @Carlos Contreras are you coming to the next College Station meet up?