Hello from Plano, TX

[Rob Pasche]

Hi BP,

My name is Rob. I'm in my late 20's and looking to make my first deal in the next 2-3 months in the North Dallas area. I am focusing on flipping opportunities or rehab->rent opportunities.

I currently co-own 3 rental properties in College Station, TX and have been passively involved since 2011. But, I am looking to take an active role in real estate investing near where I live.

This website is great. I've read a couple books and have begun to make a gameplan, but I tend to get stuck on the details without taking action. That's my biggest weakness. I think if I surround myself with a community of action takers, it will help. Appreciate your time.

Rob

[Rob Pasche]

Originally posted by @Alex Bowen:

@Rob Pasche welcome to the site, neighbor!

I'm curious to see where you will focus your search for properties. I'm flustered as to where/how to find homes that provide good cash flow in the neighborhoods around me.

I find the BP podcasts extremely motivating if you haven't already listened to any of them. Hope to see you at some meetups soon.

Thanks Alex, I've come across two opportunities where I saw the potential, saw an investor purchase and rehab and turned a good profit/cash flow. The timing wasn't right for me, but I would have jumped all over then had I been prepared. Both were houses in distress (one was foundation, another an empty pool) in Plano and were on the market 3+ months. As long as we get solid inspections, neither of those issues bother me. Every house in Plano will need foundation work. It's only a matter of time. Having foundation work done with a lifetime transferable warranty is an asset when selling a home in these parts.

Rob