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Updated over 8 years ago on . Most recent reply

User Stats

107
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77
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Daray Olaleye
  • Real Estate Investor and Business Coach
  • Houston, Tx
77
Votes |
107
Posts

TX Investor - Brand new, but closing on my first deal.

Daray Olaleye
  • Real Estate Investor and Business Coach
  • Houston, Tx
Posted

Hello All. My name is Daray. I am a 25 year old Big 4 Accountant out of Houston currently closing on my first deal. I am new to the Real Estate game but I've decided not to wait years or even months to take action.

I knew absolutely nothing about real estate before this month (Relatively speaking, I still know nothing). The first Real Estate related book I read was Rich Dad Poor Dad on 4/1/16 and I was hooked. Less than a month later, I have joined Bigger Pocket as a Pro member, I have read 6 booking pertaining to my new fascination including Tax Strategies for the Savvy Real Estate investor, Investing with Little to No Money Down and the book on Rental Property Investing, I have done tons of analysis thru the Bigger Pockets calculator, I have been working my way back through every single podcast (I'm almost halfway), and I am in the middle of closing my first buy and hold.

One completed goal of mine was to get out of debt so that I could more invest my resources to creating passive income. I came up with a crafty way of meeting this goal with my first deal. This deal is for a single family 3/2 in the 77082 zip code. I am in the game to buy and hold but I worked out such a great deal that if I decided to flip it, I would profit 50-65K without any repairs (Not sure what the ARV would be as I am just getting my feet wet and have lots to learn). I completed this goal on the front end (point of purchase). My next goal is to create enough passive income to cover my monthly expenses in entirety.

I am currently seeking a single silent long term financial partners who has the capital and expertise to fund (70-200k per deal) and advise in my overall investing decisions. I am open but not limited to Single Family, Multifamily, and possibly House Hacking.

Most Popular Reply

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7,843
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1,140
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Michael S.
  • Biggerpockets Support
  • Las Pinas, Metro Manila
1,140
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7,843
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Michael S.
  • Biggerpockets Support
  • Las Pinas, Metro Manila
Replied

Welcome to the BP community Daray . Great to have you. 

  • Michael S.
  • Loading replies...