All Forum Posts by: Darlene Tyson

Hello Darlene,

I live in Bryan, TX and just recently got into the "buy and hold" game in College Station as well.  I am a newbie when it comes to leasing, property management and finding deals but thought I would introduce myself.  Good luck with your endeavor and let me know if you need anything.

Marc Murchison   

 I am glad that you got back to me.  If you want be in luck, make sure you keep a reserve.  I think if you look at a home it is good to buy a house that is older just make sure you know what to expect.  The older it is the bigger the contingency line.  Make sure it has some sort of cash flow.  You did not tell me if you are planning on hacking or have a financing letter.   It is probably wise to do so and get one.  It will help you offer faster and give you a little confidence.  Always do the numbers and make sure they are real.  Feel good about it before you make an offer.  Trust your gut.  Good luck!

   Hello and welcome to BP!  Location of the property is probably number one.  You are in a good town.  You might do best around the school.  Just stay close to town.  I am 59 years old and I was born and raised in Dallas Texas.  I have been in the construction business since I was 17.  I went to college and got a business degree that emphasized real estate.  Right after I graduated I got a broker license.  Regardless of what I had I stayed in construction.  I closed a few deals for other people.  My Dad was in real estate for about 40 years and I learned a little bit from him.  I found BP about 6 months ago and I am still trying to decide what to do.  I am 59 years old and luckily I have been married to a woman who is a computer programmer and has been saving money for about 25 years. If you think I can help you please contact me at any time.  Always do the numbers and make sure that they are real.  Pick a Team that you can trusts and do make sure they have experience and local.  Good luck!

@Darlene Tyson Welcome to the community, of BiggerPockets! The people here have a vast amount of knowledge and are more than willing to share their experience and provide sound insight and advice. Be sure to check out the forums, the blogs, podcasts as well as other parts of this amazing website and like minded community. I am located, in Miami. I am a Rehabber as well as a Buy and Hold Investor. You may want to connect with various Mortgage Brokers as well as researching various BP Forums as @Donna Salmiery suggested. If you haven't already, you may want to subscribe, to the BiggerPockets FREE Newsletter. Try an Internet search, on Blanket Loans. One thing to consider is Personal Asset and Liability Protection as well as the Tax Advantages, of owning properties, in a LLC and the risk of owning property, in your personal name. Please free to reach out, to me, if you feel I may be of assistance, to your Real Estate Endeavors. Much to your success!

Welcome to BP. Might I first suggest you learn the difference between good debt and bad debt? Unless you are planning on buying all your properties all cash, then you'll have to get past the debt adverse mindset. 

Welcome to Bigger Pockets! You can search the forums for many topics to help answer questions that may have been discussed previously. There is a wealth of knowledge on here. Good luck on your property search.