Newbie from Austin!!

[Chelsea Lewis]

Hi everyone. I'm Chelsea I'm recently moved to Austin from Houston. For the last year I have been educating and preparing myself on everything about REI. I've been budgeting, looking into lenders, getting familiar with terms, watching YouTube and BP videos nonstop, attending workshops, my next move I thought to do was join BP!!.. I'm interested in learning what else do I need in order to take that next big step and actually get out there! I'm not sure what's keeping me back. Just wondering did anyone else feel this way when they first started out!? Thanks in advance!

[Gunnar Teltow]

Hi @Chelsea Lewis

Welcome! I think there are two good ways to take the next step. Go to one of the meetings like the one @Bryan Hancock mentioned, and we now also have on once a month in South Austin if that's more convenient for you.

Second, do a deal. Find something that sounds like it makes sense, run it by everybody and their brother to vet it, and then pull the trigger. My first deal under contract was a $3k lot in a flood plain in Sequin, TX (thanks @Brian Whitten !). That one fell through at closing when the seller didn't show. My second one (first one that closed) was a cheap rental property in St. Louis.

The rental cost me about $5k more than I should have paid but I again learned a lot and it led to my next deal, which was killer. So my point is don't wait for perfect one. Just do something that makes sense and get started. Everything after that will flow from there. Good luck!