All Forum Posts by: Lauren Lockett
Lauren Lockett has started 5 posts and replied 194 times.
Post: Live-in Flip: Houston TX
- Investor
- Arlington, TX
- Posts 200
- Votes 61
You're moving before I even got a chance to meet you?! Just kidding. Congratulations!!!! You'll do great! And my plan is to house hack a multifamily in DFW as well...maybe I need to scoot on over and watch that podcast! :)
I'm colleagues with Jessica Martin and Amber Koontz, both in the Houston market. Try reaching out to them to see if they may know or may know who to lead you to!
Post: First Flip Complete! Listed today!
- Investor
- Arlington, TX
- Posts 200
- Votes 61
Congrats! The property looks great!
Welcome to BP! I heard Jerry Puckett is a BP member here in the Fort Worth area with wholesaling experience from what I've read! I'd also explore the Network tab and search for local members. Some of their titles may reveal that they are solely a wholesaler versus a real estate investor. Best wishes on your success!
Post: New member from Dallas Texas
- Investor
- Arlington, TX
- Posts 200
- Votes 61
Welcome to BP! I'd explore the Network and Learn tabs! Best wishes on your success & let me know how I can help with anything in my area!
Post: Explain it to me like I'm 5: How do you get rich in real estate? Seems like it takes many many years to get positive cash flow.
- Investor
- Arlington, TX
- Posts 200
- Votes 61
Originally posted by @Tyler W.:
Please help clear my mind from my skewed point of view of how REI works.
My goal is to buy a multiplex apartment building and live in one of the units.
So I'm guessing that I'd have to put something like $50,000 down for that. That might take me 3 to 5 years to save. So I got the property, and I'm cash flowing a few hundred dollars a month. That's it?!? All that hard work for a few hundred dollars of "free" money?
How do people make millions of dollars in passive income? Either they have to come from a family with money to bring big down payments to the table, or they have to save and save and live like a hobo for 30 years to build up enough cash flow.
Convince me otherwise. I probably sound really stupid to a lot of you, but this is the beginner's forum, after all.
Here's an article I just ran across - http://www.biggerpockets.com/renewsblog/2015/06/30...
Hope this helps!
Post: Vacation Rental Valuation??
- Investor
- Arlington, TX
- Posts 200
- Votes 61
Try exploring the Vacation Rental Forum and searching the site in the upper right hand corner. I think I came across a similar forum post the other day! Hope this helps!
Post: Moving to Tulsa Ok and have never been...
- Investor
- Arlington, TX
- Posts 200
- Votes 61
You'll love Tulsa! I lived there most of my life and have only been here in Texas 3 years. Midtown is awesome. They're trying to do a big push for development in Downtown Tulsa so it may be a great place to buy up property for future. It's not the best living as of now. I also drove through the Brady Heights District. Big houses and a historic neighborhood they're trying to revamp. All the places above are ALWAYS great. Here's just a few other places to look into...Best wishes on your success!
Post: Does the 50% rule hold true for vacation rentals?
- Investor
- Arlington, TX
- Posts 200
- Votes 61
I don't use the 50% rule towards my vacation rental, but I'm new to all this so I wouldn't know. I'd explore the new Vacation Rental Forum to check out some of their numbers!
Post: Just closed my First Wholesale deal. My story
- Investor
- Arlington, TX
- Posts 200
- Votes 61
Originally posted by @Matt Whiteside:
Great story! Thanks for sharing. I love that your wife was able to list in on MLS and you got your contract in place!
Post: New Real Estate Investor
- Investor
- Arlington, TX
- Posts 200
- Votes 61
Welcome to BP Alex! There are several DFW investors here on BP. I currently attend a REIA event in Addison each month as a vendor (for Auction.com), but am considering becoming a member closer to Arlingotn. I also explored Meetup.com and they look to have a few meetings in Arlington that I'm thinking of attending and becoming a member of. I'll def let ya know how they go!
I own a condo in North Arlington that I vacation rent on Airbnb and Flipkey, but I'm currently looking for full duplex in Arlington - a side to live in and a side to rent. Curious to know how you got your half duplex.
Check out the Ultimate Beginner's Guide under Learn > Free How-To-Guides > Ultimate Beginner's Guide. I'd also explore the Network tab! There's also a weekly webinar that's been pretty spectacular. Sign up at biggerpockets.com/webinars.
Do you hope to become a landlord? Flipper? Let me know if there's anything I can help out with! I'm new as well, but can at least point you in the right direction!