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Updated 10 months ago on . Most recent reply

User Stats

7
Posts
6
Votes
Jean-Marc L.
  • Rental Property Investor
  • Galveston, TX
6
Votes |
7
Posts

Newish Investor in Houston/Galveston Looking to Network

Jean-Marc L.
  • Rental Property Investor
  • Galveston, TX
Posted

Hey, everyone. My name is Jean-Marc. I'm a newish investor and bought my first property (quadplex) in Galveston about one year ago. I'm a resident physician and love REI about as much as treating patients. I'm looking to make new connections with other investors and learn as much as possible. I absorb as much REI content that I can find online and want to expand my horizons with others' experiences.

More on my first investment, this quadplex is a fixer-upper and has the potential to add 200k+ in equity with about half as much invested. With four operational STRs running out of it, the estimated cap rate will be 15-17%. Unfortunately, residency doesn't pay much! I also don't qualify for any institutional loans at this point. If anyone has any suggestions pertaining funding the rest of this project I would be very grateful. Thanks all!

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