Newbie here from League City

[Michael Barry]

Hi all, I posted an intro in the new member section but also wanted to post here. I live in League City and work downtown. In a nutshell, I'm interested in single family rentals in our region to start my REI journey. I have a goal of securing my first investment in 2020. Looking for long term buy and hold opportunities in established areas in the $100k-$200k ARV range that will be managed by a PM. I have the capital for down payment and rehab budget but ideally I'm aiming to do a cash-out refi to keep as much of my capital working towards more property acquisitions. I'm initially going to focus on older neighborhoods on my side of town because I know the area and can easily hit the pavement to do my neighborhood research. I'm doing several analyses each day from MLS listings and rentals posted on Zillow and HAR just to start familiarizing myself with the analytical process. Next steps for me are to start building my network with like-minded investors, RE agents, conventional and hard money lenders, contractors and property managers. I know I need to get my lending lined up and pre-approvals in place so I can start to do some serious work on finding properties and putting together deals.

Thanks and I look forward to participating in the BP community!