New to Houston Real Estate - What's everyone up to?

[Adam Wrobel]

Hey BP Houston! I'm new to real estate investing in Houston and am just looking to get to know some of you in the community. I've just finished a few REI books and have saved up some capital for my first deal which I'll be on the hunt for soon.

I'm curious what everyone else is up to! What parts of town have you invested in / are looking in, and what type of real estate (SFH, multi, condos, townhomes, etc)? What's your next goal you've been working towards?

A few things about me since it's my first post. I'm an engineer working in the oil & gas industry for about 5 years. I've been really enjoying personal finance lately (and the FIRE community) and I'm just looking to diversify my investments with real estate. I'm planning on looking for a SFH or duplex to get some experience in real estate before moving on to additional units and some investing in syndications.

Anyway, hope everyone is doing well and is able to make progress on their real estate goals despite the pandemic.

Cheers, 

Adam

[Kristie S.]

Hi Adam, my husband and I just completed our first flip. When looking for a project, we found that the lower priced houses were tough to make work on a flip so ended up with a large house out in Richmond. We bought it from a wholesale company. Won't take on anything as big again - it was too expensive and took too long. Next we plan to look for houses we can buy and hold - about to read the BRRRR book and hope to make that work. I committed myself to writing a blog every day this month about the lessens we learned if you care to read it. Lots of lessons.... The Houston market is very hot and very competitive so you have to move really fast. They go so fast.

P.S. In addition to reading lots of books, the BP podcasts have a HUGE amount of great information.  I listed to the Rookie Podcast and The Real Estate Podcast with Brandon and David.  So helpful