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Updated over 5 years ago on . Most recent reply
Next step? Ready to make a move...
Hey guys! Born in raised in Houston and I am looking to get started in real estate investment. I currently have a real estate license but quickly realized the true side of RE that fascinates me is the “non traditional side”. I know a good deal the second I see one. I read, watch videos, do tons of research, analyze, sit and compare (for hours sometimes, for fun! I love it) I’m very familiar with my city. I’ve attended a RENC meeting tonight but I’m not sure what the real intent is... maybe they’re just trying to “sell me on something”?? I dunno, still in limbo of what to do next. I would like to find a mentor to show me the ropes hands on so that I can have the knowledge to grow a business. I have cash on hand and plenty of free time for now so that’s a benefit but I’m afraid to make any moves with out working confidently with a seasoned investor. If you’re interested I would really appreciate any feedback. Would love to personally learn/grow/work with someone. Maybe any other of these member clubs or suggestions of other places to meet people. Also I just signed up on meetup? Thanks!
Most Popular Reply
Hi Christian, first off you have to decide what kind of investment you're interested in. Right now I would like to buy/hold/rent ---> fix and eventually sell it down the line. I start by looking at the area, seeing what homes have sold for and what they have rented for (on the same street, around the corner, in that same neighborhood, nothing further then that) I also compare it to the homes that are currently up for lease & up for sale. Compare them apple to apple. You also want to look a the home appreciation and the cash flow which is basically the money left after all the bills have been paid. I always overestimate on the expenses and include "extra costs to be safe". Hope that kind of helps but there is ton of youtube videos and I think that HAR class would really help.