Texas Investment LTR

[Cynthia Garcia]

Hi All, 

I'm officially getting started in purchasing my first investment property in Texas. As I don't have a mentor, I wanted to cross-check here on things that I need to be aware of as I'm going through the process. Things I'm already doing: 

1. Working with 2 real estate agents and added to MLS Listings

2. Going through the loan pre-approval process with a couple of lenders to shop the best rates 

3. Looking at Property Management companies (would love any referrals!) 

4. Constantly looking at deals and running the numbers to see if it would be a good deal for me 

5. I've established my budget and goals ($300k, 25% down with the goal of appreciation and 200-300 in monthly cash flow) 

I'm looking at an investment property that is pretty turnkey and doesn't require a lot of maintenance as I am an out-of-state investor. As a newbie would appreciate any guidance or advice from someone who's gone through the process. Definitely finding that I'm learning a lot as I go. 

Thanks! :) 

[V.G Jason]

Quote from @Cynthia Garcia:

Hi All, 

I'm officially getting started in purchasing my first investment property in Texas. As I don't have a mentor, I wanted to cross-check here on things that I need to be aware of as I'm going through the process. Things I'm already doing: 

1. Working with 2 real estate agents and added to MLS Listings

2. Going through the loan pre-approval process with a couple of lenders to shop the best rates 

3. Looking at Property Management companies (would love any referrals!) 

4. Constantly looking at deals and running the numbers to see if it would be a good deal for me 

5. I've established my budget and goals ($300k, 25% down with the goal of appreciation and 200-300 in monthly cash flow) 

I'm looking at an investment property that is pretty turnkey and doesn't require a lot of maintenance as I am an out-of-state investor. As a newbie would appreciate any guidance or advice from someone who's gone through the process. Definitely finding that I'm learning a lot as I go. 

Thanks! :) 

I think we all want that, it just doesn't come like that. Depending on where you're looking, good luck  finding a lot for $300k.