All Forum Posts by: Brian Mittelstadt

I'm new to all this, so take my advice with a grain of salt :-)  In addition to considering your strategy, what does your current portfolio look like?  Meaning, if this is a first house, it doesn't seem like a bad deal to get your feet wet and start the momentum train towards your real estate empire, assuming buy and hold and rent is your strategy.

I'm looking for my first house, and that's the best cash flow I've seen for the deals that I've analyzed.  I'd be tempted, but that $51k is a bit steep for me at the moment.

Hi Jeff;

I'm definitely up for getting a group together.  Would love to hear about your journey, and share thoughts, ideas, help each other with deals etc.

Love this thread.  I'm invested in index funds through my company's 401k.  It has recovered nicely since the initial bottom out in April due to the COVID shutdowns, and is back above where it was prior to COVID.

I have been contemplating selling a chunk of it off to free up cash to invest in real estate since that's my only source of capital at the moment. 

However, after reading through this thread, I'm not sure that's a wise idea.  I don't like the idea of having all of my money in one basket, which is why I wanted to diversify by adding real estate to my portfolio.

Cool.  Have you thought about virtual meet ups?  That seems to be the rage in these COVID days.  I know it's not as good as getting together in person, but it does provide an avenue to continue connecting with others.  

Thank you Yaron.  I didn't realize that.  Good to know :-)  

I wonder how far north Houston is going to continue to expand?  I have colleagues that drive into work from Huntsville every day...is it going to go that far north?

Haha!  Thanks @Kevin Hunter.  Hold me accountable, I love it!

Hi @Kadeem Wells; my goals with REI is to build up enough "passive" income to retire from my full time job in 10 years, so that I can spend more time with family and traveling.

Lack of action has been the main reason I haven't gotten into it.  It's always been something I've wanted to do, but never took steps forward.  This is me finally taking steps!  My goal is to have our first property by the end of 2020.

Hello!  I'm new to the real estate investment world and looking to meet others on the same path.  Are you guys still having these meet ups?

@Turner Wright yeah, the market up here seems to be doing ok.  Houses are moving pretty quick.  Will be interesting to see if that continues through the remainder of the year.

I've never considered wholesaling, seems way too complicated for me.  lol.  But, heck maybe it isn't since you're not dealing with rehabbing, or renting?  Glad that's working out for you.

@Marc Griner, thanks for the welcome.  $200k sounds like a great jumping off point.  What's keeping you from pulling the trigger?  What future deal are you worried about missing out on if you spend that cash on other deals now?  

Another way to think about it.  Put that $200k to work for you and then when that juicy opportunity shows up you'll have even more available.  I mean, say you use that money to buy a few properties, and then 5 years from now that juicy deal shows up.  Couldn't you sell those assets to get that $200k back and whatever equity you've built up?

Take that with a grain of salt as I'm totally green in this business :-) 

Great thread!  I’m focusing on Houston, but the northern suburbs specifically, Spring and up.  Flooding is definitely a concern even in those areas.  You have to know the neighborhoods that are prone to flooding.  It’s a hot-button issue because we’ve had 2 “100 year” floods in the past 5 years.  A lot of it caused by poor neighborhood drainage planning.

Before buying I’d say it’s important to do your research, and talk to neighbors!

Any thoughts/opinions on the I-45 corridor between Houston and Dallas?  That seems to be a potential growth spot, I know Houston continues to grow north, and I’m assuming Dallas is expanding south as well.