Starting my REI business in DFW

[Michael Vargas]

I moved to TX from southern CA and with the lower cost of living, I am ready to start investing in lower cost condos and townhomes. I created my LLC and got business part started. Now I have selected my properties, locations, and my niche. Now, I am hoping to pull the trigger once i get the financing I need to buy the first few units. I want to start off as a buy and hold, but I was told to try flipping to get my feet wet in that process and fall back on buy and hold if it doesn't work out.

My background is in analytics, my wife is a Realtor and sold new homes in CA. I know how to run the business and she knows what buyers want and we can hopefully share in our experiences to build a successful business. We rented out our old home in CA and it will be the core part of our business as it has a lot of equity and we are looking to purchase much lower cost properties.

My networking here has given me a lot of motivation and desire to get started as soon as possible. I am glad there is a site like this to help with questions I have and to read the questions and answers from all the others. I look forward to the podcasts and articles here and for any hints and pointers from the more experienced investors at this site.

Mike Vargas