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Updated over 6 years ago on . Most recent reply

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7
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4
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Cammeron Williams
  • San Antonio, TX
4
Votes |
7
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So you decided you wanted to invest...

Cammeron Williams
  • San Antonio, TX
Posted

Good morning all!

     I am a new investor currently deployed but expected to return in the near future, however there are a few things holding me back from jumping right into the mix of investing and I was wondering what some of yall did as your first step!

I am currently stationed at Lackland AFB in San Antonio and plan on investing in buy and hold investing anywhere from San Antonio to Austin, being deployed I have found a few like minded people who also want to get into investing and we have discussed everything from finding deals to funding them to forming LLC's as a safety net, but the first question that always comes up is where to start when we get back. I have realtors back home that can help me search for a deal, but I have questions like...

How do yall go about getting funding for your first investment? 

Did you form an LLC righty away or wait until you had a sizeable portfolio?

Where did you go for your first lender? 

How did you approach them and what did you present to potential lenders?

Did you secure funding from someone before buying an investment or wait until you found the deal to start investing?

How quickly did you scale up your investments?

     I am aware everyone has their own story, but im wondering if there is a more advisable path than any other or anything specific to the San Antonio/ Austin market I plan on being in.

     All input is greatly apprecitated and i plan on making this my full time income within a few years so please let me know what yalls experence is!

Thank You, 

-Cammeron Williams

Most Popular Reply

User Stats

512
Posts
290
Votes
Will Pritchett
  • Rental Property Investor
  • San Antonio, TX
290
Votes |
512
Posts
Will Pritchett
  • Rental Property Investor
  • San Antonio, TX
Replied

Lots of questions there. Are you looking to buy and hold? Interested in house-hacking? That’s a good way to get started. I can recommend a lender if you need one. PM me if I can help. My focus is buy and hold but I will do other deals when they present themselves. Stay focused, learn, and take care of your personal finances! That makes everything else much simpler. My two cents. Best of luck!

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