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Updated over 9 years ago,
Advice for new Houston investor.
Hi everyone, my name is Ryan. My wife and I moved from California less than a year ago. I want to start investing but have a couple of specific problems. I actually live in Alvin, which is south of Houston, and need a new personal residence this summer. I am leaning towards renting so I can save my capital for investing but buying is so much cheaper.
Also I have a little capital to start but I am not sure if I should do SF or small MF. I think I am ready to jump into SF but MF is ultimately the end goal. I do work but want to go invest full time. If I buy and hold SF can I pay cash, rehab and re-fi back into a mortgage? I would I be better to do a few homes for experience?
Everyone here is so helpful, thank you all for all the free education that I have gained here.