4 Questions (from a Newb in Texas)

[Jessica C Molloy]

Hello! 

My name is Jessica I live in Austin, Texas. My area is great for fix and flips BUT I'm interested in buy and hold. I was raised in San Antonio, Texas and I want to invest there in the next 3-4 months. I am looking for a 3/2 or 3/1 single family home for <150K OR a duplex for <200K for a buy and hold investment property that meets the 1% rule. I like the idea of doing a BRRRR. Did any of you done this with your first investment property? I am just conscious about biting off more than I can chew!!

Anyway, I have a few questions and GREATLY appreciate your insight. 

Here are my questions --

1. Whom do you trust to help find you good deals in San Antonio (preferably someone who understands investors)?

2. How do you run the numbers to analyze said good deal? Are you using the Bigger Pockets Calculators or doing your own thing?

3. Who do you use as a conventional lender? How quickly have they closed on a deal for you?

4. What San Antonio neighborhoods do you use for BRRRRing vs neighborhoods for fix and flips?

Thanks in advance!
Jessica

[Jordan Moorhead]

BRRRR sounds awesome (as it is when done correctly) but incredibly difficult to make work well and you typically need a large amount of capital to get it done. I think when you here experts talk about it, that it sounds easy and magical. I own 20 units and have not utilized this strategy to get there. I think you should master the basics before attempting an advanced strategy like BRRRR.