New investor from Fort Worth, TX

[Rick Via]

Hi, I'm new to real estate investing but have always been very interested in it. For the last couple of years, I've been listening to podcasts, reading books and stopped my contributions to my 401K to save the money for RE investing. I see quite a few properties that I could pay a down payment and get around $3-400 cash flow using the BP rental calculator. But these are retail properties and if I did this, I'd soon run out of down payment money. I hear guests say that in the long run you cannot be successful buying retail and this would not work, if I wanted to use the BRRRR strategy. Is it better from the start to wait to try and find deals with built in equity? I'm having a hard time finding those kinds of deals? Is it worthwhile to pay for some of those internet services that claim to give you access to those kinds of deals?

[Andrew Postell]

@Rick Via welcome to BP and welcome to investing in Texas! Right now the absolute hardest thing to do here is finding a property. What you are facing is what we are ALL facing. If it's on the MLS that means that every person in Texas can see it and every investor outside of Texas can see it. What I would recommend is continue your research to find the best avenue to find a property. Everybody has their different method of doing it. There are also MANY investor clubs here in DFW that are free for you to attend. DFW REI Club is meeting this Saturday morning in Ft Worth. Stop by and get some more knowledge under that belt. You can't be TOO smart here ;) Good luck!