New member in Austin, TX

[Kris Wong]

Hello all,

I started investing in real estate at the end of 2014 as a buy and hold investor. I currently own 2 properties, 3 units here in Austin. I invest using conventional financing with my own money down, so I acquire properties at a slower pace than many members here on BP, which suits me nicely. I will be looking to add 1 - 2 small multis around the Austin area to my portfolio in 2017. If you're a wholesaler in the area, I would be interested in talking to you.

Outside of investing, which is definitely part time for me, I am a Senior Manager for a large software company, managing a team of software engineers. I enjoy my job and do not have plans to leave it in the short to mid term.

Once I've got a couple more residential properties under my belt, I will likely start looking at apartment buildings in the 5 - 20 unit range. At this point I plan to start using outside investment.

I've also been toying with the idea of investing outside Austin, as investors in this area are forgoing all cash flows and banking on pure appreciation. That's not really my game.

Feel free to connect with me and I look forward to starting some new relationships here on BP!

[Preston Schmidt]

Hello Kris,

Let me know if I can help answer any lender specific/financing questions.

[Lisa Bujulian]

Hello Kris,

I am a local wholesaler in town and would be happy to help answer any question you may have.

Lisa Bujulian

[Mark Nolan]

@Kris Wong

Welcome to Bigger Pockets. You are at the right place to learn about real estate investing.

[David Thompson]

Hi Kris,

Welcome to BP !  Noticed you are local.  Sounds like you have a good plan that suits you at the pace that's comfortable.  On the day you get a bad boss and get less comfortable w/your job, give me a call.  I can probably give you ideas on accelerating your growth and beelining to MF investing where the real money is made.  

[Andy Webb]

Welcome Kris!  How is the Austin market looking these days? 

Andy

[Kris Wong]

Thanks all for the welcomes!

@David Thompson that sounds great and I would appreciate it very much!

@Andy Webb it's a lot like Dallas - red hot, very competitive.

[Mike Reynolds]

Originally posted by @David Thompson:

Hi Kris,

Welcome to BP !  Noticed you are local.  Sounds like you have a good plan that suits you at the pace that's comfortable.  On the day you get a bad boss and get less comfortable w/your job, give me a call.  I can probably give you ideas on accelerating your growth and beelining to MF investing where the real money is made.  

 Tried to pm you but my phone will have none of it today. I would be interested in hearing what you have to say though.

[Bart H.]

@Kris Wong  Welcome to BP.

You sound a lot like my wife and I, we began in 2012/2013.  We are going at a slower pace, trying to manage risk by absorbing a deal or two a year.  And each year we expand slightly expand our comfort zone.

We are in the Dallas market, if you ever have any questions about possible investments in this area, shoot me a note.

[Andrew Postell]

@Kris Wong welcome to Bigger Pockets!  Nice to see so many fellow Texans here!

[Kris Wong]

@Bart H. sounds very similar indeed. How are you finding your deals in Dallas?