Evan Doan - A Newbie from Dallas, TX

[Evan Doan]

Hello Everyone - It is a pleasure to be a part of the BiggerPockets community. There seems to be a wealth of knowledge to be gained. 

My name is Evan Doan, I have been married for 5 years now and i have 3 children with 2 on the way. My wife and I were blessed with identical twin boys our first pregnancy followed by a girl. We have just come to find out that we are expecting twins for a second time!!! We suspect them to be fraternal this time. This will make 5 children under the age of 3.25 years. A little crazy to think about. 

I am an accountant in Plano, TX and have been for 2 years now. My previous employment history was in the Automotive industry. Selling new and used as well as a bit of the service side of things. I graduated in 2011 with my bachelor's from Hartwick College which is located in Oneonta, NY. 

My wife and I purchased our first home in Rowlett, TX a little over 1.5 years ago. We bought it from some friends of ours who were renting it out. We knew there was a ton of work needing to be done prior to closing. Everything from foundation repair, complete plumbing reroute to the perimeter of the house (they had slab leaks in the past), to drywall (tape and float included), framing, electrical, wall removal and addition. We completely gutted the place doing almost all the work ourselves. We subbed out what we did not have the capability to do ourselves. Needless to say I am not afraid to do anything now. I knew next to nothing prior to tackling this project, but thanks to Youtube, I consider myself very handy now. I do not just get the job done, I get the job done right. My wife is an interior designer in Dallas. No she does not simply match the cushions to the couch. She is pretty much a full blown architect. She designed our home and has done a fantastic job. She is now the project manager for a multi-million dollar condo building that is going up on Lake Grapevine, called Lakeside Towers. She works Wallace Johnson Studios in Dallas. So I feel like we have a ton of potential when it comes to flipping homes. I am 28 and my wife is 27 years old.

I am just now getting my feet wet regarding real estate investment/flipping houses. My reason for getting into this field is so that I can set my own hours and eventually lessen the hours I am away from my family. I have virtually no money to start with, however, I do have a few contacts that can provide me with the capital needed to get started. I love the idea of rehabbing homes and making a profit that way. I would, ideally, like to start in residential single family and graduate to the multi-family after I have a firm grasp of single family. I have a knack for being able to look at something and telling you what it is worth (what someone will actually pay for it). I would love to become proficient in this as it pertains to houses and properties. 

I am eager to get the ball rolling so any and all advice is welcomed.

Thank you!