Hello from Houston!

[Victoria C.]

Hello BP community! I’m new around here and want to introduce myself.

I’m Victoria, and I’m ready to learn all I can about investing in single family LTRs in my north-Houston area. I plan to purchase my first property within the next six months.

I may be new to rental investing, but I am a long-time homeowner with experience doing renos and have done very well buying/selling my own personal homes (non-rental). My superpower is making houses desirable and caring for (maintaining) my properties. Over the years I’ve put together a team of contractors I trust in my area. I’m also experienced at starting businesses and bookkeeping.

My goal is to buy run-down starter homes in A and B neighborhoods within 30 minutes of where I live, then make them safe, sound & beautiful, and rent them out for the long haul. I am more interested in appreciation then cash flow (but don’t want negative cash flow). I truly want this business to be a win/win for myself and for future tenants. Knowing that I’m providing a beneficial product/service to people is important to me. I believe our homes are the foundations of our lives.

What more can I say? I am financially secure and ready to start this business.

I’m going to be asking a ton of questions in the next few months as I prepare to buy my first property, so bear with me please! If anyone wants to reach out to help guide me in this journey, I’d be appreciative.

Cheers,

Victoria

[Daniel Tanasa]

Hello Victoria, 

Welcome to Bigger Pockets, and congrats on deciding to invest in your first property. 

Sounds like you have a solid financial and background situation to get started in this. Regarding the loan, I really like the 30 year fix loan type. If you want to pay it down earlier you have the option to do that by making more payments towards the principal, but you're not forced to do that if you don't want to. Also it will be much harder to cashflow if you do anything less than 30 years loan. 

Feel free to reach out if you have any questions and I will be happy to point you in the right direction. 

Good luck!