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Updated about 8 years ago on . Most recent reply

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Alex C.
  • Rental Property Investor
  • Houston, TX
1
Votes |
2
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Newbie from Amarillo, TX

Alex C.
  • Rental Property Investor
  • Houston, TX
Posted

Hello BiggerPockets!

I'm new to the fascinating world of REI and have recently been spending my spare time watching, listening, and reading BP content! I'm working towards my first investment property, hopefully a buy-and-hold multiplex in Amarillo. I work a 9-5 career in a field unrelated to real estate. For me real estate is a way of to invest in a hands-on way where I can discover a vast new world of knowledge, add value to the community, and learn important skills along the way. I hope REI eventually becomes a means to financial freedom, travel, and a back door out of the rat race if I get tired of that.

For now, I'm open to learning in any way I can: connect and meet with fellow newbies or experienced investors/lenders/agents, shadow/help on visits/analysis/renovations, or partner and lend (with my limited capital and after due diligence) on deals. Let me know if you think we can help each other out in any way.

Most Popular Reply

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547
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214
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Scott R.
  • Real Estate Investor
  • Amarillo, TX
214
Votes |
547
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Scott R.
  • Real Estate Investor
  • Amarillo, TX
Replied

welcome to bigger pockets. Amarillo is a fabulous but very competitive market. Make sure to study your multi unit very well as most multis in amarillo don't make sense numbers wise. Most agents in this town will drive you crazy as deals that are actually good deals are pretty rare on the "market"

A good title agent makes wonders of difference. Kathryn Wilson who recently moved to Chicago title downtown (happy state bank building) is my suggestion. 

Brad Stuteville from first capital bank on soncy is well regarded in relation to a investor friendly banker, i don't personally use him, just met him for the first time earlier this month, but I'd say a huge majority of serious investors use him, and he's prob well versed on local investments then most traditional bankers.

What are you interested in lending on? Long term holds? Short term flips? 

What do you do for your 9-5?

 -Scott 

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