New Investor From Texas

[Alex Sleeth]

Good morning,

My name is Alex Sleeth and I am from Carrollton, TX (DFW). I just began my adventure in real estate investing with two partners by purchasing a single-family 2/3 bedroom and 1 bath home in Lubbock, TX. This is the area we plan to stay in as two of us are Texas Tech alumni, we know the area pretty well, and we feel that Lubbock is a prime opportunity given the low price of housing relative to Texas, the population growth expected to occur, and the volume of students looking to rent. Our plan initially is strictly buy and hold, but we could be interested in flipping in the future should the opportunity be there. We do not yet have a tenant for the first property and are in the process of seeking out a property management company (several great possibilities already) as well as completing a few small task to make the property more appealing. I'm interested in networking with other investors and learning everything I can, especially as it relates to our current situation of buying and holding properties from a distance. Please feel free to share anything you think might be of assistance! Thank you and I'm looking forward to your responses!

[Brad Gibson]

Hi Alex. I just bought my first rental property in Lubbock & it is now rented out & cash flowing. I don't live in Lubbock, but think it has great buy & hold prospects. 

Best of luck to you.