Updated over 10 years ago on . Most recent reply
Hello, new in Texas!
Hi everyone! My name is Teage; yes, first name! I am 23 years old and I live in Austin, TX. I have been surprising successful in the workforce at a young age and snagged a great job that allowed me to start buying property! Also because of my job, I've moved quite a bit in the last few years. Consequently, I started renting my first home. I am really enjoying investing in real estate and would like to continue. I'm coming up on purchasing my second property (SFH), already has a tenant and this is my first real investing venture as I will not be living on the property first. I found BiggerPockets while trying to find more information on financing and real estate in general.
I cannot afford to invest in my area, so I have chosen to buy properties in smaller towns where I already do other business. Any advice on owning property in another city or on the financial side of investing is greatly appreciated! I've also been reading about investors who form an LLC with another party with greater access to cash. For those who have done this, what is your experience? I don't have a ton of cash to play with so this route appeals to me. Thank you!!
Most Popular Reply
Hayes County is projected to grow the fastest in the area over the next decade. With two properties under your belt, I recommend you making sure your next buy is what they call a "fat pitch" ...in other words, one you can knock out of the park...you're young enough to wait for it. Patience is a virtue and in investing it saves heartache and makes money. It may be a while, but shop and learn.