Newbie in Beaumont and Cypress Texas

[Jermaine J Joseph]

Hello BP community. My name is Jermaine J Joseph. I am currently the General Manager of a family owned plumbing company in Beaumont, TX but I live in Cypress, TX (a suburb of Houston).  The extent of my real estate experience began 20 years ago when I became a real estate agent under a Re/Max broker but I was quickly taken under by the desk fees so my agent career ended not long after it began. 

After doing some research into real estate investing and partnering with someone, I have 100k cash to get started investing. I'm looking for direction on what would be the best route for purchasing real estate with the capital and or credit. I have attended a foreclosure auction but didn't bid on anything since I hadn't done any due diligence on any of the properties. My goal is to produce growing positive cash flow so I'm wondering should I go the commercial property route and look to acquire an apartment complex or purchase single-family homes at auction. I'm sure there are other options which I haven't considered which is why I am on BP to increase my knowledge.

Any advice would be greatly appreciated!

[Chrissy Parsons]

@Jermaine J Joseph - sounds like you have a good background to be successful. Have you thought about how you are going to find the properties to buy? A lot of investors use mail campaigns to find off-market deals. The key is to get a list that's different from what every other investor is mailing to. (absentee owners)

Work with a list broker for suggestion like Seniors with 15+ year ownership. Or Homeowners with Low Financial Stability Scores.

Always ask if the list has been put through the National Change of Address (NCOA) so you don't waste postage mailing to the wrong address.