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

[Melissa Odom]

Quote from @Jerrod Rosen:

Hi Melissa! 

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1.Subscribe to the BiggerPockets Money and Rookie Podcasts

2.Attend the FREE WEBINARS

3.Attend a Meetup in Your Area / virtual meet ups

4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5.Peruse the forums! Ask questions! Answer Questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Good luck,

 Thank you Jerrod!  I am still learning about all the benefits of BiggerPockets.  This helps.  :)