All Forum Posts by: Austin Daugherty

Alan Goetsch - I realize this is an old thread but I live in the area and I would very much appreciate if you could elaborate some on what kind of deals you are doing. That is, of course if you are still active here.

Thanks for the reply! I would likely do property management if I moved.

Anyone?

Congratulations @Scott Jeannerett!  I wish there were more multifamilies in Diamondhead.  There are some closer to the water and in Bayside but I'd rather have less flood risk/insurance cost. I'm inclined to be pretty conservative with my first deal. 

Looking to start my first solo deal which will likely be a live-in rehab + roommate then sell or preferably rent. (Few to no multifamily in target area) Basically, I have 2 issues at the moment. Issue #1 - working on getting preapproval before looking at properties and I'm a little overwhelmed with the choices. I'd like thoughts on: A. Big box online (Quicken etc.) vs. local/regional bank B. Is it overkill/disadvantageous/waste of time to apply to all or most or is there a smarter way? C. Anything I'm probably oblivious to in this area? Issue #2. I'm considering moving at the end of the school year (about 70 miles away) but I might stay an additional year. I know that probably kills FHA options. So...am I jumping the gun to potentially end up renting my first property a couple hours away? Should I wait until (if) I move?

Thank you, @Patric Robertson!  I definitely remember seeing your company's signs. As I get farther along I may have to take you up on the offer. 

Thank you @Account Closed!  I hope to be a landlord in the next 6 months to a year (depending on when I move)

Thank you @Doug Vigliano!  I hadn't thought much about wholesaling because I hadn't planned on doing it but your point about utilizing the same techniques makes a lot of sense.  I'love be checking out the course as well.  Thank you!

Thank you @John Walker!  Do you know any investing oriented agents on the coast?

Hi, I'm Austin Daugherty. I'm a teacher currently living in the Bay St. Louis / Waveland area. 

I have been listening to the podcast for a while but am just now introducing myself on here.

Several years ago I was involved in 2 modestly successful flips in Louisiana with a partner. Now I'm looking to start my solo real estate career but have tons of questions. Mostly I'm worried about getting bitten by things that I 'don't know that I don't know'.

Longer term I want to build a portfolio of rentals and do occasional flips.

I don't see many (or any) duplexes in the areas where I would like to live so I'm thinking of going the live-in rehab + roommate route and then selling or renting.

Will be working on loan pre-approval and looking for a real estate agent starting tomorrow.

Any advice, or tips would be appreciated.

Thank you!