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Updated almost 11 years ago,
New from Dallas, TX
Hello all! I am new to the forums and very excited to be involved. Here is what I know about real estate:
1) I haven't even reached the tip of the iceburg in the 'knowledge' arena.
2) I want to be involved.
I'm 25 years old and I am currently employed as an auditor for a public accounting firm, but am looking for some strong investments as a second stream of income. I have experience helping my father as a handyman and I feel confident in my skills doing maintenance. I am looking at purchasing properties that may need a little elbow grease that I could potentially turn into a rental property, or possibly a flip. If I went the rental property route, I would be looking to sell in a year.
My reasoning for the above is this. Getting started in this business, I want to build up my capital. Any proceeds from rental income or gains on a sale would be reinvested. In 5 years, I would like to be at a point where I have several rental properties or a large apartment complex that would be able to pay my current salary. However, I am looking for a second stream of income, not a job replacement plan, so I am not in a big hurry. I am very open to ideas at this point. I'm sure that once I do more research and reading on this forum, I will narrow down my focus.
If there are any 'gurus' in the Dallas, TX area or even just someone who would be interested in sharing their experiences, I would love to meet up and bounce some ideas with you. I'll even buy the coffee! I live in the Plano, TX area. Feel free to message me or comment here!
This seems like a great community and I am looking forward to being around for a long time. Look for me on the forums!