Newbie in the North Dallas area

[Tyler Blackburn]

Good evening all!

My name is Tyler and I am a full-time student at UTDallas, a full-time hospital pharmacy technician, a husband, and father of 2 (soon to be 3). Over the past year or two, I have read a few financial freedom books and a common theme that I have found is involvement in real estate so I figured I would do some more research into the matter. The more I have learned, the more empowered I feel on the subject of getting started in this wonderful world of real estate. 

Unfortunately, I am definitely starting at the bottom of the pole here because I lack experience in the industry as well as a wall-safe stacked full of cash. However, I do have a few factors I hope to capitalize on. Two years ago, I found a new hobby in the form of carpentry after designing and building my son's crib from scratch. Since then I have been acquiring tools and techniques on how to build with my hands (a parallel I hope to see with my future real estate endeavors). I hope this will come in handy when I start attempting to flip houses here in the DFW area. Another asset I have under my belt is former military leadership experience. During my 5 years in the Marine Corps, I picked up a couple of traits such as how to focus and efficiently utilize time and resources, different methods of leadership, and how to lower my head and get to work under high-stress.

I hope that these traits combined with my ambition to succeed in order to provide for my family will offset my lack of experience. I look forward to the challenge of entering this exciting industry and am thrilled to be a part of this website to network and soak up all of the knowledge that I can.

Thanks and have a great day :)

Tyler Blackburn

[Paul Timmins]

@Tyler Blackburn@Josh Sandefer

Welcome. Thanks for your service. A buddy closed 242 units while deployed. We do free multifamily investing for veterans, email me for info. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul