Just starting out scenario

[AJ Felix]

What would a beginner and successful buy and hold investor do in this scenario. The scenario is you are just starting out and have $100,000 cash to begin investing in real estate, you also have no debts besides residential operating expenses and a mortgage that consumes a total of 70% of your household income. The other 30% is usually placed in the savings account. Your credit score is 795 or greater. You are learning by reading, attending webinars from Bigger Pockets, podcasting, asking questions in Bigger Pockets forums, and even considering taking some home inspection courses and becoming a licensed real estate agent in order to sharpen skills and knowledge to become a BRRRR investor. What would you do in this situation?

[Becky Kromminga]

Hi AJ, it sounds like you are in a great place to start building your wealth! In Houston, there are many areas with great rental properties you can get that are under $200,000 ARV, so you should easily qualify for a private or hard money loan. I can also recommend a contracting company for your rehab that you won't have to drive to Houston to babysit, and you can rely on them to get your rehab done quickly.