All Forum Posts by: Josh Cohagen

Hi Michael,

My wife and I live in Waco, and have chosen to invest here and in the surrounding area because we know the market and can move quickly when things change. For your first investment, my advice would be to find something close to you in an area you're already familiar with. Get your head around the process, then branch out.

That said, if you do decide to invest here (on this or a future deal), don't hesitate to reach out. Best of luck.

Josh

Let me know what you're looking for and I'll be happy to help point you in the right direction.

We are new investors with ~$23k in our investment account right now. The following two properties are currently available. Our goal is to acquire both while keeping as much cash in the bank as possible:

1) 3/1.5 in a great neighborhood, available for $100k, inheriting a tenant, intend to hold/rent. Approved for a 30-year personal loan, will break even each month until I can rent correct in 8-12 months.

2) 3/1 in a lower-income neighborhood, available for $30k, vacant, intend to flip or wholesale.

I have access to an interest-only LOC, 20-year commercial financing, and 30-year personal financing. Open to short-term hard money options. I have a feeling the BRRRR strategy could come into play, but could use help wrapping my head around how it would work. Thanks for any help available.