New to real estate - Looking to network!

[Blake Mooney]

Hello all,

I'm new to the forum and just wanted to reach out for some advice. I'm an aspiring real estate investor with currently no properties. My goal is accumilate my first investment property within the next year. Crazy times to start in the world of real estate, but optimistic. I've also recently acquired my real estate license with a short term goal to do real estate on the side (still trying to figure this out as well). Any advice would be greatly appreciated. I live in Dallas-Fort Worth and would love to connect with any fellow biggerpockets subscribers!

Blake

[Madison Wilson]

Welcome Blake! That is awesome that you have a plan set out ahead of you. As crazy as of a time as it is, my mentor spoke a very powerful quote to me about investing in uncertain times. "Everyone looks like a winner when things are good, and when things are bad, those who take a chance will come out even more successful when its harder to look like a winner." Also, no time like the present. My advice would be to find an awesome agent who specializes in working with investors, and a rockstar loan officer if you are using conventional financing. Also, consider what type of property you will want to start with. Also, will it be long term tenants, short term rental, house hacking, or fix and flip? Your agent should be able to help you out with finding a property and gathering rental comps, and your loan officer with running numbers on what your mortgage payment will be, compared to estimated rent value. Also note that if you do not house hack (owner occupy), investment properties will require a 20% down payment, so just a tip to note. Starting a conversation with awesome professionals will guarantee your success, all you need to do is leap!