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Updated about 1 month ago on . Most recent reply

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Julia Newman
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Ready to buy. Ready to learn. Ready to build connections

Julia Newman
Posted

I'm starting my REI journey taking in all the advice and information I can absorb. I'm based in DFW area but also have connections/interest in Notheast Texas. I've had a few experiences in REI. Bought/held/sold in East Texas a few years ago and made a pretty penny. Sold a problematic family home to an investor in 2023 after a death in the family and watched it be flipped into something I could never have imagined and sold for 4 times what they paid us. While I could kick myself now, I view it as an invaluable experience because it put me on the receiving end of a close and gave me direct insight into why people sell homes to investors. Now I am inheriting a huge fixer-upper in Dallas which we will probably live in for a few years after it is repaired.

My ideal situation with REI is to buy and hold multiple properties while also flipping a few per year to supplement our income. Potentially work my way up to multi-families/apartments in a few years. My main goal is wealth building. I have a reasonable amount of cash on hand, excellent credit, and low debt-to-income ratio. I am also self-employed and have a good amount of time to work on this.

Now I need a house. And a contractor. And a lender. And renters. And another house. And with all this to happen without a complete collapse in society. 😂

I have a few direct questions.

1. How do you find information on homeowners? If I have the address, how do I find the owner, descendants/addresses, current address of owner if property is vacant, etc. 

2. Are there any meetups in the DFW area that are NOT run by the Groves?

Nice to be here. BP seems to be a great resource. I'm excited to get going!

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