First, I want to thank the BP team and forum members. I have been lurking quietly in the shadows reading and educating myself though everyone's posts and experiences. I have also been listening and taking notes of the BP podcasts. I wish I had this source of information 15 years ago.

We are a husband/wife team investing in Tyler Texas operating under a series LLC in the state of Texas. This is our second adventure in rental property. We sold all of our prior holdings in 2006 to concentrate on another business. I am currently converting paper assets into hard assets (SFR's) for the long term investment as well as building passive cash-flow to exit my current career.

Currently we are buying houses off the MLS as well as distressed properties (estate sale/pre-foreclosures) that fit our investment criteria. We are rehabbing those houses that need it with skilled family members as well as a local GC for larger projects. Our GC is also a RE investor and has valuable suggestions on certain products to use in our rentals (flooring etc).

We are using a well established professional property management company that is locally owned and operated. Company is aware of my short and long term goals and helps me evaluate properties before purchase to estimate rents in the area. They are also giving me suggestions on what needs to be done on homes during rehab process to maximize rent rates long term.

While performing due diligence on property management firms, I was given a local investor/realtor as a reference. She has become my mentor as well as my real estate agent. She was in the same place financially about 12 years ago and has acquired approximately 50 properties and is no longer in acquisition mode but enjoys the process. What a valuable team member she has become for finding and evaluating properties as well as for local contacts for building my team.

We are using three types of financing options: traditional mortgages, commercial portfolio loan with a local bank (great rate/25 yr amortization/minimal closing costs) and cash BRRR method discussed on forum. Type of funding used depends on the time frame and type of property we are purchasing.

My wife worked as a bookkeeper at a property management firm when we were first married (over 25 years ago) and is also an interior/floral designer. She loves the rehab process and oversees that process. Needless to say, she is the most important part of the team! We are excited to start a new venture together.

I am currently looking at expanding to other market areas in Texas and/or larger projects.

Just wanted to introduce myself and thank the BP community for sharing their knowledge and expertise.

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Thanks from a fomerly silent BP member

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