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Updated over 6 years ago,

User Stats

10
Posts
4
Votes
Jose Garcia
  • Houston, Tx
4
Votes |
10
Posts

Seeking guidance (New to real estate)

Jose Garcia
  • Houston, Tx
Posted

So I am 100% new to this and will be giant book of questions but I have already met some pretty awesome people on here! I currently own a retail business that is self sustained and have since opened a construction business to help me along the way with this real estate venture. I am located in League City, TX and would like to stay around this area because id like to see what I am getting and put my hands on if need be. I am interested in starting off with fix and flip SF homes and work my way up to holding onto them for passive income. I just bought a home six months ago and put down around 100k but have since saved up around 90k to start off. Do I have enough to actually get into this, or will I need to talk to lenders/investors? What should I be on the look out for as far as evaluating homes to make sure the ARV is what it is advertised to be? How do I go about finding what exactly needs to be rehabbed and to what extent without thinking of it as a home of my own and going overboard? Ive had a few people contact me about investing with them on certain portfolios they have but again I am to new to know whether it be worth my time and money? Just looking for some insight from veterans who know what they are doing and that can point me in the right direction.

Thank You to those who reply and can be of any help to me

Jose Garcia 

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