We’ve howdied but we haven’t shook, from DFW ... Texas

[JayCinta Henry]

Hey guy, new to BP, new to BP style investing. I have been glued to this site since day 1, 3 days ago. I have learned so much and I keep learning and then there's more and I am jacked up, stoked up and my cylinders are all firing up. 

We just completed rehabn a SF unit (did the work myself) that's showing for potential renters. I thought we were gonna do the usual thing pay this property off in 3 years (it's a 15 year fixed) and then thereafter, buy another one, and on and on. But BP has opened my eyes to a whole another way of real estate investing that in the same 6 years I could have as many properties as I can count, generating cashflow and accomplish other goals such as retire from 9-5, etc. 

I am looking to meet and network with other BP REI here in the DFW area. I would appreciate any info on that.

Before I stumbled on BP I was planning to acquire a property in January 2020. In the past one week some gods have conspired together without my knowledge-somehow my realtor calls me about a condo, and BP stumbles into my life and my gut feeling says go for it now. So I am sourcing for financing. I need help to look over the deal and for that I will post in the buy sell forum section but here is a quick run down .... 2br 1.5, the unit is on the market for 70k, owner has agreed to 60k rent market is at least 950, cashflow is 207, Cap rate 8.4, cash on cash 13.52. The owner did the larger repairs - new carpets, re-did bathroom,  painted. It's got a few minimal repair needs which I will do myself, cost 500-1k (replace kitchen sink cabinet floor, water pan for water heater, install master bedroom closet door, off craigslist Stove, Freezer, Dishwasher @250, and done! And ready to move on the next deal!