Newbie from Houston, TX

[Taylor Gaspard]

Hey guys and gals,

I recently read Rich Dad, Poor Dad, and it really inspired me to start building up my assets and work towards achieving financial freedom. I turn 30 this year too, so I have been feeling some (self-imposed) pressure to be more proactive about my future. I have always thought of rental property investing as something I want to do someday, and now I am ready to start taking action! My goal is to buy my first rental property in 2019.

I started watching a lot of youtube videos on the subject and stumbled upon a couple of @Brandon Turner's. I liked the videos, but didn't give much thought to what BiggerPockets was. I ended up buying The Book on Rental Property Investing, found out Brandon also hosted a podcast (I commute 3 hours a day, so tear through podcasts), one thing led to another, and now I'm here. I hope to meet some like-minded people, learn as much as I can, and hopefully give something back.

My personal investing experience is limited to the stock market, but I do have a real estate background. I have worked for a large multifamily brokerage in Houston since 2013, first as an analyst and now as a transaction manager. In that time, I have worked on hundreds of deals in Houston and surrounding secondary/tertiary markets: valuations, proposals for listings, market research, offering memorandums, property tours, etc. I am a licensed salesperson in Texas and am about to take my exam in Louisiana.

Nice to meet you all – I'm excited to get started! 

[Steve Rozenberg]

@Taylor Gaspard

Congrats on making the mental shift

Advice I would give is to make sure you sit down and take the time to clearly define your goals of why you are investing and what you want your end goal to look like. Once you can clearly articulate that then you create the strategy of how to get there. That strategy Based on your goals will help you determine what kind of properties you should and should not buy.

Investing in real estate is exactly as investing in stocks it’s just another financial vehicle to get you to a destination it’s not an emotional tie up like most people end up falling into the trap of

Buying 4 walls and roof will not get you to your goal or wealthy. It has to be done in multiples and tweaked and adjusted as market environment s change as well as your goals may change and so does the strategy then

We help a lot of new investors wanting to get into real estate and I personally push this concept of knowing the goal before you buy anything

Being in Houston myself and managing 1,000 properties as well as being an investor I can say you are probably in the best market in the country at this moment, as long as you have a clear focus on your goals.