Hello from The Woodlands, TX

[Joe H.]

Hello Everyone from The Woodlands, TX! What a great site. I am new to REI and hope to buy my first rental property in the next several months. What I am mainly interested in is rehabbing single family homes, holding them for a year or two as rentals and then selling or refi'ing to pull my money out to start the process over again. My main concern is that I do not get too far in over my head (skill level) and bite off more than I can chew in a rehab the first time, which makes me think I may want to buy a rental property that needs no repairs strictly for the cash flow and the learning experience of being a landlord.

My second interest is buying tax foreclosed pieces of land to owner finance to the buyer to generate notes for either cash flow or to sell.

I've been to several of the LifeStyles Unlimited and RICH club meetings here in Houston and got a good idea of the big picture of REI. Now I need the specifics. So, off to the Forums for my education.

If there are any mentoring groups in the Houston area that I should look into please let me know.

Good luck to everyone,
Joe