New investor to BP and the DFW area!

[Austin Carr]

Hi All, My name is Austin, I am an engineer and new investor in the Dallas / DFW area! I came across BP some time ago around when Chris Gill was on but just started recently diving deeper into all of the great content. A little about me, I would consider myself a passive investor that is looking to more aggressively invest in the long run. I currently own two SFHs with my SO, a 3/2 initially financed at 127k in AZ that has ~50k in equity and is currently being rented. And a 3/2 financed at 182k we just picked up in March here in the Dallas area that we are currently living in and improving. I definitely wouldn't consider those "deals" as we were just trying to invest and not pay rent, nonetheless I believe we still can get a great return. The next one will definitely be a deal! Our goal is to start getting some additional cash flow to eventually start flipping. I was really inspired by Zeona's podcast on airbnb and really want to do my next(read: first) deal as a short-term rental. I figure if it doesn't work out then it can probably just be converted to a long term. Looking forward to hearing any and all advice! I keep hearing in the podcasts how people have rental after rental but you don't hear much of the details on how they start out. With 2 mortgages, I am thinking that it's going to start getting a little harder to get qualified. I'm assuming you have to start going cash only / creative financing but would love to hear other people's experiences. For the DFW folks, I think we will be going to the August BP meet up so looking forward to networking with everyone! Thanks all!

[Jibran Najmi]

@Austin Carr

Welcome to BP & DFW!  I agree with you on that you don't hear much about starting out and would love to hear your experiences and share my own.  We had an awesome meet up this past monday here in Arlington, and will be setting a date for the next one soon.

I look forward to meeting you at the next meet up, and you should get with @Myka Artis if you're interested in airBNB.  He's got lots of great experience in that and I believe just started a podcast about it too.

Have a great week!