Newbie from Houston, Texas

[Drew Walker]

Hello everyone,

My name is Drew Walker and I am trying to get started in real estate investing. I have been researching investing strategies for about 4 months and feel like I have established a working foundation and am ready to take action. I appreciate all the useful information so far from the members on biggerpockets and have learned a lot. Currently I am working full-time as an offshore structural engineer in the oil & gas industry but I would like to establish a side business in real estate. My main goal in the future is to buy and hold; however, since I have limited capital my short term goal is to fix and flip SFH's in Houston.

With guidance from biggerpockets posts, I have made a lead generating website and have recently ordered yellow letters targeting high equity owners for a single zip code. For rehabs I plan to use a GC and use hard money loans to fund projects. I am still trying to familiarize my self with estimating rehab costs for houses and think this will be one of my biggest learning curves but am willing to learn however I can.

Thanks again to biggerpockets and its members and I look forward to getting involved!

Drew

[Mehran K.]

Welcome to BiggerPockets @Drew Walker!

Seems like you have things planned out very well. Be super conservative with your budget AND the time it takes to complete the project. There will be hiccups, I can almost guarantee that.

If you haven't already, check out The Book On Flipping Houses

It has a companion book that is "The Book On Estimating Rehab Costs." This seems like it would help with the challenge you're having with that. I hope this helps and I can't wait to hear about your first deal in the Success Stories Section.