New Real Estate Investor Quesitons. Looking to network.

[Angel Velazquez]

Hi Everyone - 

I am a new investor in the Austin area looking to purchase my first property with my business partner within the next year or so. I am thinking of ways to start getting comfortable analyzing deals and assessing ARV. I was thinking about trying to become a part time real estate appraiser to help me with these skills.

Do you guys thing this would be a good path to follow or is there anything else you guys could recommend i do instead? 

A little about me. 

I graduated from Texas Tech University (Wreck' Em) in December 2018 with a BBA in Finance and currently work full time in accounting. Over the next year me and my business partner are focusing on getting accustomed to looking at real estate and analyzing properties. We are also focusing on getting our credit scores into the mid to high 700s to help us get the financing we need for our investments and of course savings as much of our salary as we can to help have some cash reserves if and when things don't go according to plan. We are looking into the BRRRR strategy to get us started in our careers.

Thank you in advance for all of your help. I am excited to be a part of this community and would love to connect with as many other investors and people in the real estate industry as possible. 

[Matt Stricklen]

Guns Up! 

You already have way more analysis know how in your tool belt than most investors start with- and that's a value you can quickly bring to others along with your overall accounting skills. Reading up on how to estimate rehab costs and how to determine ARV and practicing with the BP calculators will be very accessible to you I think.

Have you considered a side gig marketing yourself to do accounting for general contractors, or perhaps a property manager? There are probably many who would love to have someone on a consultant/ part time basis, and you'd be trading your knowledge and skills for theirs. I say leverage the valuable skills you already have in order to learn what you need to get started with REI.

good luck with it all

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