Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Roberto Reyna
2
Votes |
6
Posts

Faking it until I make it! (My first deal)

Roberto Reyna
Posted

Hey everyone, my name is Roberto Reyna and I'm a new (and still hopeful) real estate investor focused on the Houston and Dallas markets. I submitted my first offer on a single-family property in La Marque, Texas this morning, and really did not think I'd even get that far! I've read the BP books which have provided me enough knowledge to "fake it" with the agents I've spoken too, but obviously this is a totally new beast I'm taking on. I've run the numbers and done the analysis and I like the property, the only scary part is going to be securing cash from a PML or a hard money lender. Is there any advice for a 22 year old with limited capital in this situation? Thanks for taking the time to read this, and I hope to connect with more of you as my journey continues!

Gratefully,

RR

Most Popular Reply

User Stats

71
Posts
43
Votes
Kyle J. Cooper
  • Investor
  • Corpus Christi, TX
43
Votes |
71
Posts
Kyle J. Cooper
  • Investor
  • Corpus Christi, TX
Replied

@Roberto Reyna

Nice work! I'm a newbie myself for about a year and a half. If indeed you've done your homework, read all the books, listened to all the podcasts, ran all the numbers conservatively, you cannot fail! Keep taking action like you've been doing and reach out to as many people as necessary and you WILL reach your desired goal. We know nothing of the property you're wanting to buy or what your goals are, but continue to build your core group of allstars(Realtor, Lender, Contractor, etc) and keep connecting and asking who people use in these areas. Most would agree that even though you can finance deals with none of your own money starting out, you should first and foremost have a firm grip on your personal finances. Keep learning, keep connecting, and keep taking action and you'll get there. Cheers!

  • Kyle J. Cooper
  • Loading replies...