Hi! DFW, TX. Just starting out - MFH interests

[Claire H.]

Hello!

I've been lurking for a few weeks now and this community is amazing. I'm excited to be a part of it and I plan to help and support as best I can. 

RE Focus: Buy and hold multi-family homes/units/properties, as that is what I understand. In 2-4 years I'd like to expand that to include single-family residences and land.

My name is Claire, I'm in Fort Worth, Texas, and I'm currently a project manager at a local university. My educational background is in biology and chemistry. Last December I graduated with my MBA. I've worked in medicine, IT, environmental technology, organic chemistry, teaching, and customer service (assistant managed a IT help desk). I'm a California transplant (moved here in 2009). 

My interest in real estate started 11 years ago, while I was living in California on the central coast. I wish I had know how to get into investing then because man oh man was there nice pickings where I lived. And I knew it. So, here I am, 11 years later having found this resource and the resolve to do something with my interests and ambitions. 

So, hello everyone! 

GOALS:

• Replace my income with positive cash flow
• House hack (or not) in all the places I've wanted to live in the US (and maybe abroad) as a means for growing my portfolio after my income has been replaced
• Develop really great relationships
• Build a system that can work with minimal input from me
• Maintain frugality (MMM)
• Change my life
• Longterm - Invest in neighborhoods that need a lift
• Longterm - Provide shelter for homeless families and runaways

[Dylan Hargrove]

@Claire H. 

My goals are primarily to earn 2 doors/yea greater than net 1.5%CF. And to syndicate with friends and partners, at that same rate per person, to develop some GC LLC's a lender LLC to assist with cash purchases, and other LLC's to help with taxes. Restack my portfolio every 2 years, house hack where lending is critical (aka low on cash for down payment). Hopefully replace current after tax income in 7/8 years! I've yet to attend a meeting yet but this group is one of the main two in DFW, and the less known little secret of the two. With a really resourceful and great community (at least online so far) http://www.dfwreiclub.com/

Staying active on BP you should get plugged into various wholesalers. Some require a payment to be on a mailing list of houses. Some just require a face to face meeting! Viewing and touching, and comparing various offers before placing offers is what I've been trying to do, while I prepare and save money to purchase my first duplex in the Spring! Direct Mail is a really great way to attempt to get deals from owners, sometimes with seller financing which can be great for conserving cash (if they don't gouge you on rate!).

My main goal is to keep learning. There are endless resources and people, on BP and outside of this resource... Sharing experiences helps us all learn and grow and avoid mistakes!