I'm looking to invest in my first rental property in Amarillo, TX soon.I wanted to ask what are the strategies or types of real estate investing that work best in Amarillo now or around that area? 

Hi everyone,I’m currently looking to purchase an investment property using my VA loan and exploring a house hacking strategy.

This strategy does come with some risk as you need to force value and know the rents.

Multiple exit strategies, way too little is said of this and it's value. 

For investing principles and deal analysis, The Book on Rental Property Investing by Brandon Turner is excellent, it covers cash flow, evaluating deals, and basic financing strategies.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location/neighborhoods to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

What are your goals and the investment strategies that support your goals? 

The overruns weren't caused by the Land Bank or thir requirements, they were due to inevitable surprises when you do major renovations.Rcommend NOT focusing on Land Bank properties, instead look at everything on the market and buy the best BRRR property you can find.One last thing, many of the Land Bank properties are in Class D Neighborhoods:( VERY difficult to make these work as rentals or flip.If you'd like to chat more, DM us and check out the Interactive Map of Metro Detroit with color-coded Classes on our website - to make better decisions:)

Here are three strategies investors often miss:🔹 Gap Funding – Covers the difference between your primary loan and total project costs (like rehab or closing).

I’ve completed a couple of successful flips, but I’m still getting familiar with the BRRRR strategy.