New to REI and looking to network and build a team.

[Lola Acosta]

Hello BP!

This platform has been a source of invaluable information thanks to all the posts from newbies and experienced persons alike so it only makes sense to start here. 

I am looking into transitioning into REI with an end goal of building a good size portfolio and replacing my current income (recently around 250k/yr). DTI ratio is pretty low (maybe 1%) as we only have once CC that keeps a low balance and everything else is paid off. The past couple of years have allowed for me to save a bit of capital that is now sitting very lazily in a savings account and needs to be put to work. REI seems to be the best way to built wealth in the long run and I'm now hoping to make a career out of it. My uncertainty arises from deciding the best strategy for a first deal whether it be house house hacking a MF, purchasing several SFH for rentals, buying and flipping or BRRRR. There are so many great options that it can get overwhelming.

A little background... We (hubby and kiddos) own our SFH just outside of Dallas and our initial thought was to move out and house hack a small MF in the DFW area and rent out our current home so we could both cashflow on our current home and have our first MF start paying for itself while building our portfolio. The issue with that is sourcing leads and finding small MFs in the area as this market in pretty tight but we haven't given up. We also are looking at SFH but that approach seems like it would require more capital (as DPs on several SFs to achieve more doors vs a single DP for something like a quad) We also looked at employing the BRRRR method as we have some liquidity and it would potentially allow us to scale quicker but with no experience with estimating rehabs, it's difficult to run the numbers on properties we come across.

We are hoping to network with RE agents who are new investor friendly and are ok with all the questions and learning curve that comes with us doing this for the first time (outside of purchasing our residential home many yrs ago). We would also like to network with lenders, GCs, PMs. We are looking to make a purchase before the end of April and at least one more before the end of the year. 

Thank you all for your time and looking forward to meeting and working with you!