Real Estate Journal: First Year Update

[Francisco Perez]

I decided to pursue real estate investing late 2020 when I stumbled upon BiggerPockets! 2-3 months later, I purchased my first rental property in 2021! The property has been cash-flowing since day 1, the tenants are very happy and it has resulted in a very low maintenance property for this past year. Unfortunately, I didn't continue to educate myself or pursue any other deals because of my current job. However, 1 year has passed from the last deal and I now have more time in my hands to focus on my second deal. I am looking to scale to multi-family properties but they are scarce in my local area. There are some new constructions being developed, but I don't think a brand new duplex would be a good investment here. I am still searching for deals here but I'll be searching for deals out-of-state as well.

Books I've read so far: Rich Dad Poor Dad, The book on Rental Property Investing, How to Invest in Real Estate, The Book on Investing in real estate with no (and low) money down, The book on negotiating real estate.

This first year has been great and I am looking forward to keep growing and learning about real estate investing.

[Jay Thomas]

Hi Francisco! Houston Realtor here! Congrats on almost a full year! I am glad to see that your 1st property has been a success and that you are going for a 2nd one. Make relationships with builders and contractors. They always know when new properties are going to be built or good and upcoming areas for society so you can look into there. Real Estate Agents are also good people to know and ask advice from since we keep up to date with the happenings as well as vendors and such. 

If you are ever looking in Houston, Rental properties as well as multi-family are abundant over here! Let me know and I will be glad to help! Good Luck!