New Investor in Houston, TX

[Aaron Lathan]

Hi,

I'm new to the Houston area and looking to network within the area.  My ultimate strategy is the buy and hold then trade up philosophy.  I house hacked my first townhome in San Antonio and it is cashflow positive plus $150 a month after everything.  Not bad for a newb.  However now that I'm here in Houston I need capital to get more properties.  Sounds like a wholesaler in the making.  I've sent out my DM marketing campaign to find motivated sellers and have a few nibbles but no deals under contract (I'm close! I can feel it)  How did you local investors go about building your cash buyer list for wholesaling and other creative financing deals?

[James Miller]

Welcome to BP. Network, network, network to build your buyer list. Attend local investment clubs too. Join a service organization that has movers and shakers (Rotary, Kiwanis etc). Get involved in local politics. You'll meet plenty of buyers. 

NEVER break your word. NEVER try to 'screw' these buyers; always show them a fair deal. You make some money, they make some money. Never you make all the money, and the buyer is screwed.