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Updated about 9 years ago on . Most recent reply
Beginner Investor in Dallas,Tx! Advice Needed! Mentor wanted!
Hey everyone,
My name is Jeff Mann and I was born and raised in Dallas, Tx. I just finished my enlistment with United States Air Force, living in Colorado for the past 4 years, and now ready to start my journey in Real Estate Investing. Seeing my dad having a couple rental properties at a young age (15ish) sparked my interest, then reading Rich Dad Poor Dad just added fuel to the flame. I think one of the most appealing aspects to REI is the lifestyle that it can bring, and all of the opportunities to grow.
Since I am in the beginning of my real estate investing career, i thinking wholesaling and flipping single family residences will be the better option, just for the fact that I am trying gain some capital. Advice on this? Then later get into rental properties and further down the road get into Multi-family properties.
A few questions that i have right now:
1. Should I email agents in my area and ask them to put me on their buyers list? and What all should i put in the email? $ Range?
2. When it comes to hard money loans, are there any companies that are preferred by most?
I figured a hard money loan might be my only option to get started...i need a mentor haha
Thanks for reading and I'm looking forward to the replies
Jeff Mann
Most Popular Reply
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@Jeff Mann Thanks for keeping my Air Force in good hands. If you want some specific guidance on a basic game plan you can implement, give me a call. I'll help you get it started.
At the high level, here's what you need to do.
1. Build a team and a network. Keep it growing.
2. Keep learning and improving.
2. Generate capital.
3. When you have extra capital, buy cashflow.
4. Repeat.