Beginner Investor in the Austin, Texas area

[Melissa Odom]

Hi Everyone,

I am a new investor in the Austin, Texas area (more specifically - Kyle and Wimberley).  My current project is one that I inherited but will definitely pay off in the long run.

One of my biggest questions I hope to get answered is how private lending works and if it is worth it.  Right now, I have been refinancing rentals (I have 3) to pay for projects.  I am wanting to purchase the property next to my current project, but not sure I would qualify for another bank loan.  Credit is not an issue.  

Out of my 3 rentals, one was inherited and the other two we lived in and instead of selling when we moved, we rented.  It has worked out so far.  The equity is great.  I am looking to become more of an active investor with the goal of quitting our day jobs sooner than later.

Any advice is welcomed.  Thank you for your time.

Melissa