This is my first post. I've been apprehensive about introducing myself for a coupe of weeks, but I've decided that exposing my vulnerabilities will help me minimize (or eliminate) them. So here goes:

I live in Leander, Texas - near Austin. I'm a construction manager with a national volume home builder, but I also built my own custom house for my family (my why, also). And I do mean that literally, I used my own to hands and knowledge to build many parts of this home. I gained a lot of equity (think BRRRR) but instead of "buy", I "built". At first appraisal, I had about 30% equity (70% rule, right?) And this is with a lot of custom (more expensive) details.

The good: I have good contacts in the trades to get work done. I have construction knowledge including (rehab) cost information. I have house hacking experience (although I didn't know it was a thing in 2002), and I have rental management experience since 2005. I also have a degree in finance, so I understand $$ terms fairly well.

The bad: Lack of confidence: 1. That I'm analyzing deals correctly, although I've been voracious with the BP calculators lately. 2. In my own ability to generate leads. 3. I lack confidence to make contacts on the investment side of this real estate industry. 4. I feel unprepared to act on a good deal if/when it comes my way.

At this point, I'd like to thank those already on BP for sharing their knowledge. Several forums/posts/articles both validated some of my past successes and saved me from future failures.

For those that are local, perhaps we can plan a coffee meetup or a lunch? I have valuable skills and contacts that I bring to the table and maybe we can help each other out.

Newbie Introduction from Central Texas

Most Popular Reply