Starting on my path to financial freedom.

[Account Closed]

Hey everyone, I am based in Chicago, Illinois but I am currently looking at rental investment property in Austin, Texas and I have been in contact with a real estate agent who has told me about some great opportunities only problem I have is the financial part. What are some good things to consider when looking for investors? I want to start having money work for me and not the other way around. I am new and learning and any tips would help, much appreciated!

[Eric Schultz]

@Sergio Jordan Manzo

Curious to why you have chosen Austin, TX?

There are other markets like the Midwest or Southeast with lower barrier to entry, especially if funding / financing is a constraint.

Unless you have private lenders in your family or close friends circle, you will need to demonstrate what value you bring to your investors. If you are investing out of state, it will be difficult for you to perform the sweat equity on rehabs or manage the properties. So, you may need to deliver deal flow thru local market connections, deal underwriting, etc. from afar. Growing your network takes a little time, especially if you are trying to develop an out of state team you know, like and trust. Underwriting deals takes knowledge and experience.