New in Dallas Tx

[Russell Petersen]

Hello,

I've been on BP for a while but I'm making the plunge from passive to active investor and contributor to BP. If you are in the north Texas area say hi.

Russell

[Account Closed]

Welcome to BP.

Joe Gore

[Jon Klaus]

Good to have you with us, Russell.

[Jerry Puckett]

Hi Russel, welcome to BP.  Tell us a little more about how you differentiate passive and active. That will get your contributions kicked off.

[Russell Petersen]

Hi Jerry,

Passively: I have been reading, analyzing and doing tons of due diligence on what exactly you have to put into RE investing to be successful. I feel like I've grasped the concepts and feel that doing sub 2 deals to start off would be the best route to go for me.

Actively: Now I think it's time for the rubber to hit the road and begin networking with RE attorneys, title companies, realtors, etc... and making a conscience effort everyday to find deals.

Hope that helps clarify some of my needs and my current status as an investor.

Russell

[Jerry Puckett]

Excellent! Sub to is a very tricky maneuver. You may want to check out BP Podcast 070to pick up some tips and tricks. 

[Nusrat Khan]

Hi @Russell Petersen !

I've been on BP for a little while now and absorbing all the information I can. I too, feel ready to take the plunge. Good luck and keep us posted.

[Rocky V.]

Welcome aboard Russell. Sub2 investing is complicated but can be very profitable. Best of luck.

[Russell Petersen]

Thanks for the support, I appreciate the assist on the podcast @jerrypuckett. Also, I've seen a few REi clubs around the greater Dallas area, any recommendations on some good quality ones? I'll be attending my first one next Thursday (the one that Phill Grove runs).

Thanks again!

[Dmitriy Fomichenko]

Welcome to BP community @Russell Petersen It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

Find and connect with other BP members that are in your area http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you http://www.biggerpockets.com/alerts

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best!   

[Matthew Weiser]

Hi @Russell Petersen welcome to BiggerPockets!

[Nick Leamon]

Hi @Russell Petersen welcome to bigger pockets! I am a relative beginner in the North Dallas area as well, I own 1 SFH rental and am looking to grow my portfolio, I don't know much about sub2, but look forward to seeing how it goes.

[Brandon M.]

Hello @Russell Peterson welcome to BP! 

[Paul Timmins]

@Russell Petersen 

Welcome. Some of this you may have already found. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

[Russell Petersen]

Thanks @PaulTimmins. I appreciate the extra resources. Thanks for the welcome @NickLeamon and @BrandonMarrow I look forward to seeing you around at some of the REI events in Dallas.

[Jimmy Wilson]

I saw @john Jackson in San Antonio REI Expo a couple of weeks ago. He is in Ft. Worth but was considered the go to guy for the event organizers of that event in regards to sub2. He is on the forums, look him up.

[Chavel Diaz Jr]

Welcome @Russell Petersen 

To Your Success...

[J. Martin]

Welcome Russell. There are a lot of super helpful people and great advice on this site! I'm a 'fix and hold' investor from the Bay in CA, and loving it! A lot of others doing flips, wholesaling, notes, everything. A few tips.

You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box. You can click on the 'vote' button if you like someone's post or is helpful, and there are 'awards' to earn on your profile. The "Learn" link across the top navigation bar has lots of great info, and most importantly, the BP members! Welcome to BP, and good luck on your investments!

[Schyler Witt]

Russell,

Hows it going? Im new to BP as well, its nice to have a website like this to network and see what other investors are doing. If you want to email me we can talk about types of properties you are looking for and what your investing goals are. I work for NetWorth Realty in Fort Worth and we always have new properties coming in. Looking forward to hearing from you!

Schyler W. | 817.966.9444 | [email protected]

[Amanda Mueller]

Welcome @Russell Petersen ! I think you will enjoy all the knowledge on this site and networking. We are expanding to Texas, as well!

Best of luck!