New investor living in Houston, TX

[Juan Avila]

Hello everyone!

I recently moved to Houston, TX (in Baytown, TX specifically) from South Carolina. I've met a few other investors and wholesalers in Houston through meetups and such and I'm looking to connect with more people!

My plan is to start out by purchasing a SFH in the Houston or Baytown area that requires a not too crazy rehab, renting it out, and managing it myself. Another option that's on the table is to purchase a property closer to market value around the same area and using an FHA 203K to rehab, live in it, and rent the rest of the rooms. My goals here would be to learn as much as possible.

So that being said, my short term goals are to save a good amount of money to purchase my first property within a few months by living frugally. Thanks to the advice from Set for Life, I found a cheap place to live and am minimizing my living/transportation costs by living within 4 minutes from work, which has allowed me to save a lot more than I normally would have. Def recommend!

After that, I want to be able to be financially independent within 6 years, which I'm defining as about $3,600 in net income per month. I've followed the advice that some of the BP podcasts talked about and actually written things out and done the math on this to make sure it's possible, and according to the numbers, it looks like it can be done provided I didn't forget to carry any zeros lol.

I've read at least 5 BP published books in addition to quite a couple of the classics (Rich Dad, RE Millionaire Investor, The Millionaire Next Door, etc.), listened to bunches of BP podcasts, and been analyzing lots of deals over the past year. I love learning and talking to people about this stuff, so if anyone in the Houston area would like to meet and have a chat over coffee about anything RE related (or anything else), I'm super down. 

Looking forward to meeting everyone!