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Updated over 11 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Cody Bailey
  • Real Estate Investor
  • Haslet, TX
1
Votes |
6
Posts

New Investor In Fort Worth TX

Cody Bailey
  • Real Estate Investor
  • Haslet, TX
Posted

Wanted to Introduce myself. I am a new investor in Fort Worth, Texas.

I have a background in Residential Construction, Consumer Finance, Retail Banking, and currently am a partner in a Land Service Company in the Oil and Gas Industry (I am a Landman).

I purchased my first property in July, did the rehab and put a tenant in it just under a month from closing. My longterm strategy at this time is buy and hold, but i do plan on flipping a few to get some additional cash.

The first deal was financed through a local state bank with 25% down, at 5.25% on a 15 yr, and cashflows $547/month. I got a 2 year lease on the property.

I have realized I am looking to find some motivated sellers that may entertain seller finance as it will help my capital go a little further.

Look forward to my continued education in RE with the help of BP.

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