Newbie from Beaumont, Texas

[Daniel Michalik]

Hello everyone! I stumbled across BP about a month ago and have been lurking ever since BUT it's finally time to introduce myself! Currently I'm in the process of getting pre-approved with the goal to owner occupy a multi-family property to help get me started and boost my cash flow. –Thanks FHA!

Goal: The almighty CASHFLOW

Would love to hear from folks in my area! And is the closest REIA really in Houston??

[Jad Allen]

There are no REI groups in the area. That is not to say there is no networking here it is just mostly done over the phone or lunch.

Now for your plan of purchasing a 2-3 unit here in the area.  Just be careful in watching your numbers with this plan.  In this area there are not many small multiple unit properties that sale for a reasonable amount.  

Most of what you will find will be large older homes that have been converted to multiple unit properties or newer build duplexes.  The older homes often are a maintence nightmare in rough areas.  While the newer duplexes are priced so as the return on investment is not very good.