Abilene, Texas new real estate agent and looking to investing

Member since 2023 · 8 posts · 1 vote

I am a new real estate agent and also looking into getting into investing into real estate also. This is something that I have always wanted to do but finally decided to make the career switch and go for it. Mainly looking into flipping some houses and also small multifamily properties as long term rentals. Looking forward to getting started and looking forward to any advice anyone has.

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Bailey Rentz

Member since 2019 · 25 posts · 13 votes

Congrats on getting licensed. I live in DFW now but grew up in Abilene and do a lot of business there. My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. Lot of crooks in this business.

That being said, Abilene is a great town to flip or find properties that still cash flow. I like doing business there. Best of luck to you.

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Bailey Rentz
Member since 2019 · 25 posts · 13 votes
2y
Congrats on getting licensed. I live in DFW now but grew up in Abilene and do a lot of business there. My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. Lot of crooks in this business.
That being said, Abilene is a great town to flip or find properties that still cash flow. I like doing business there. Best of luck to you.

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Reese Brown
OP
Member since 2023 · 8 posts · 1 vote
2y
Quote from @Bailey Rentz:

Congrats on getting licensed. I live in DFW now but grew up in Abilene and do a lot of business there. My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. Lot of crooks in this business.
That being said, Abilene is a great town to flip or find properties that still cash flow. I like doing business there. Best of luck to you.

In your opinion what do you think is the best property to start with? A flip, single family rental or small multi family rental?
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Bailey Rentz
Member since 2019 · 25 posts · 13 votes
2y
Quote from @Reese Brown:

Quote from @Bailey Rentz:

Congrats on getting licensed. I live in DFW now but grew up in Abilene and do a lot of business there. My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. Lot of crooks in this business.
That being said, Abilene is a great town to flip or find properties that still cash flow. I like doing business there. Best of luck to you.

In your opinion what do you think is the best property to start with? A flip, single family rental or small multi family rental?
Personally, I would start simple with a single family. Do a few of those and get some confidence, make some mistakes, etc. Then scale to multifamily eventually if you want. Look at lower ARV properties 200k and below and you'll probably find some that can work as a flip or a BRRRR even with current interest rates.

I also would recommend meeting with a lender and describing your goals. First Financial has been great to work with for me in Abilene.
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Reese Brown
OP
Member since 2023 · 8 posts · 1 vote
2y
Quote from @Bailey Rentz:

Quote from @Reese Brown:

Quote from @Bailey Rentz:

Congrats on getting licensed. I live in DFW now but grew up in Abilene and do a lot of business there. My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. Lot of crooks in this business.
That being said, Abilene is a great town to flip or find properties that still cash flow. I like doing business there. Best of luck to you.

In your opinion what do you think is the best property to start with? A flip, single family rental or small multi family rental?
Personally, I would start simple with a single family. Do a few of those and get some confidence, make some mistakes, etc. Then scale to multifamily eventually if you want. Look at lower ARV properties 200k and below and you'll probably find some that can work as a flip or a BRRRR even with current interest rates.

I also would recommend meeting with a lender and describing your goals. First Financial has been great to work with for me in Abilene.
Awesome thank you for the advice!
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Preston DeanBusiness Member
Realtor · Fort Worth, TX · Member since 2021 · 779 posts · 368 votes
2y
Quote from @Reese Brown:

I am a new real estate agent and also looking into getting into investing into real estate also. This is something that I have always wanted to do but finally decided to make the career switch and go for it. Mainly looking into flipping some houses and also small multifamily properties as long term rentals. Looking forward to getting started and looking forward to any advice anyone has.

Hey Reese!
Congrats on becoming a realtor and getting involved with BP. Go back to the beginning of the BP podcast and just start learning!
Something David Greene & Brandon Turner used to say alot is find your CORE 4
1. The deal finder
2. Property manager
3. The contractor
4. The Lender
You obviously can help when it comes to the deal finder side of things.
For #2 & #3 I would check with other successful agents in your office.
#4 should come from a solid agent referral as well
[email protected]817-480-9452
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Jeffrey McKeePro Member
Real Estate Agent · Plano, TX · Member since 2013 · 478 posts · 89 votes
2y
Congratulations on making the leap into real estate, Reese! Continuously educate yourself about real estate and investment strategies. Build a strong network of mentors and industry professionals!
All the best!
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Elle LoFrisco
Lender · Austin, TX · Member since 2024 · 28 posts · 10 votes
2y
Hey Reese- Congratulations and welcome to BP! I would love to connect and share some resources for new agents :)
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Eric W.
Member since 2020 · 62 posts · 29 votes
2y
Quote from @Bailey Rentz:

Quote from @Reese Brown:

Quote from @Bailey Rentz:

Congrats on getting licensed. I live in DFW now but grew up in Abilene and do a lot of business there. My biggest mistakes that have cost me dearly have all been contractor related, so my advice would be to vet your contractors as much as possible. Lot of crooks in this business.
That being said, Abilene is a great town to flip or find properties that still cash flow. I like doing business there. Best of luck to you.

In your opinion what do you think is the best property to start with? A flip, single family rental or small multi family rental?
Personally, I would start simple with a single family. Do a few of those and get some confidence, make some mistakes, etc. Then scale to multifamily eventually if you want. Look at lower ARV properties 200k and below and you'll probably find some that can work as a flip or a BRRRR even with current interest rates.

I also would recommend meeting with a lender and describing your goals. First Financial has been great to work with for me in Abilene.
What areas/neighborhoods of Abilene would you recommend for a started SFH?
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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
1y
Quote from @Reese Brown:

I am a new real estate agent and also looking into getting into investing into real estate also. This is something that I have always wanted to do but finally decided to make the career switch and go for it. Mainly looking into flipping some houses and also small multifamily properties as long term rentals. Looking forward to getting started and looking forward to any advice anyone has.
Still a realtor in the area? Looking for one on a high end property in Abilene that needs to be completed.
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