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All Forum Posts by: Garret Ball

Garret Ball has started 6 posts and replied 12 times.

Post: New Member Introduction!

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

@Bryan Pham Thank you! Do you have any recommendations of how my plan can be improved?

Post: New Member Introduction!

Garret BallPosted
  • Bastrop, TX
  • Posts 13
  • Votes 1

Hello everyone! I am new to this site and to real estate investing. During this past year, I have worked as a carpenter. I am thankful for the opportunity that I have to learn construction. When I started working for this company, I had very limited construction skills. Now, due to our variety of tasks, I am competent in the areas of excavation, concrete, wood framing, flooring, roofing, some electrical, and some plumbing. We have been working on building two triplexes. The thing is, I make very low money per hour and I can't go on like this. I want to use my abilities to buy rental properties. I also would be open to house flipping too. Right now I have about 10k that I could put as a down payment. My plan of action is to start attending REIA meetings in Austin, meet up with local investors, contact real estate agents, and consult with a law firm. My goal is to acquire two cash flow properties and potentially complete one flip by next year. Does anyone have any advice on what a better plan would be? I'm going to be starting a new full time job with a monthly income of 2700. I have no rent expenses now and have considered buying a camper to save money for now. I thought of a good idea and that would be to start flipping houses and pull the camper to each house while I work on it. I could hook up to the utilities of that house until its complete. Also, I have considered getting an FHA loan and living in a MFR for a little while. Otherwise, I could get attempt to get a conventional loan. Thanks for any advice, looking forward to discussion with you all!