New Kid on the Block👋

[Dakota Duban]

Hello I am a first time investor looking for some guidance with a new chapter in my life. I’m currently looking for a real estate agent and knowledgeable individuals familiar with the outskirts of Austin Texas to help me purchase my first rental property. I’m looking for a duplex that needs some cosmetic repairs that I could mostly do myself or with minimal help. I’m very willing and able to learn, just need a helping hand to get started! I plan on occupying one of the units in the duplex. By doing so I’m hoping to eliminate housing expenses by letting my tenant pay my mortgage and allowing me to put money aside to grow my portfolio in more single family homes in the area soon after.

Thank you for any and all advice or direction. From what I’ve heard this is THE place where like-minded individuals can help each other grow and prosper.

-Dakota DuBan

[Douglas A Lewis]

I am new to real estate as well. Welcome to the BP family! I can tell you that the calculators are my favorite thing to use in BP. I just purchased my first BRRRR property and I am in the process of rehabbing it as we speak. The key is to jump in once you have read a few books and listen to the BP real estate podcasts. For a real estate agent I would suggest using the listing agent of the duplex you are interested in purchasing. Chances are that they may be a little more used to working with investors because generally investors purchase duplexes. At least that has been my experience so far. By using the listing agent you would be giving them the opportunity to get the full 6% commission. Before you do that make sure you know the area and make sure you are good with your numbers when analyzing the deal. Talk to property managers that work in the area for rental comps and other agents as well. Even if you are going to manage the property yourself include the cost of a PM in your numbers in case you no longer want to manage it yourself.

Hope this helps. Again, welcome and good luck in your journey.

-Doug