All Forum Posts by: Wale Lawal

Yannelly, 

Congratulations on your decision.

It's an interesting and rewarding journey if you truly love Real Estate. You are not alone. We will be here to support your journey. Start by learning all you can get about real estate but al narrow down your focus for faster result as you need some momentum as a new Agent. 

Focus on Single Family/Condo/TownHouses in your first year.

In addition to what Abel has mentioned, follow the below as well.

1. Be a great communicator.

2. Improve your negotiation Skills.

3. ALWAYS put your client first.

4. NEVER Take-on any client you can not help.

5. Be Honest and Transparent as much as possible.

6. NEVER stop learning.

7. Ask questions when in doubt.

8. Always get recommendations and reviews from current and past clients.

9. Pick and master a Niche (Do not even try to do it all)

10. Follow up with ALL parties (especially your clients) and be a problem-solver.

I will recommend David Greene's Book "SOLD" which I'm currently reading as a refresher and reminder. You can find it here: https://store.biggerpockets.co...

This post will also help: https://www.biggerpockets.com/...

Goodluck

@Elin Trinh These blog posts will help you.

https://www.biggerpockets.com/...

https://www.biggerpockets.com/...

Goodluck

@Jacob Whitney You have received great advice already. I will just summarize it with two words "Due Diligence".

Travis, thank you for highlighting all those benefits. 

Goodluck to everyone moving to Texas or staying back at Oregon.

@Michelle Lopez Like Jim Cummings said, Great Agent can make it in any city or state. Just know your stuff and focus on a Niche.

It's a relationship business and there is competition everywhere. Life itself is a competition and I love competitions. All you need is to focus on what makes you unique and leave every client with a positive experience.

Let's connect if you will like to discuss Houston-specific questions.

Goodluck

@Tato Silva Both Jacksonville and Houston are great market but you need to narrow your search down to zipcodes. 

These 2 cities are very big and you will get result faster if you can be more specific with your criteria. 

You mentioned $200k pre-approval, is that your maximum purchase price? Are you looking for a moving-ready or a BRRRR deal? $200-$400 monthly cash flow is possible in Houston, Texas. I am not a Jacksonville Agent so I can not speak about that market.

I may be able to help if you decide to invest in Houston Texas.

Goodluck

@Tony Robbins You are making a smart decision. 

House Hacking is a great and easy way to start Real Estate Investing. 

Houston is great for House Hacking and energy corridor is a very desirable place for many professionals.

Multi-Family is very scares now and House Hacking with a Single Family may be a great starting point.

Your can look in to these zipcodes 77004, 77079, 77043, 77077, 77084, 77094, 77092, 77091, 77018, 77022, 77002, 77006.

Are you planning to BRRRR or Move-In Ready?
I have helped new investors like you to House Hack and I currently have 2 properties closing next for another 2 clients.

Goodluck

@Aminadab Delgado This is all over the internet. 

You can get a good title company to help you proof read and keep you out of trouble.

Let's connect.

 Great insight. Thank you

For all the Houston locals, here is the link to this Month Physical Meeting:

https://www.biggerpockets.com/forums/521-events-and-happenings/topics/923937-houston-monthly-meetup-meeting-mastering-one-real-estate-niche

Hope to see you guys there!

@Elin Trinh New Construction is great, just run your number very well. Have some buffer in your estimate (you will always go above your budget 90% of the time).

Your builder is the real MVP here. If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).

Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.

You may not be able to get close to the 1% rule though.

Goodluck