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All Forum Posts by: Kyle Adam

Kyle Adam has started 1 posts and replied 8 times.

Thanks Joe Fairless , I'll shop around. Small world Tom Feret ! I came from the Ottawa area. I've got some cousins that live in downtown Toronto also!

Thanks for the tip @Paul Timmins , I will!

Congrats on your successes @David Veeder!  It sounds very much along the lines of my goals, and thank you for the advice and words of caution.

Excellent thank you for the info @Scott Beck !

@Joe Fairless Would you recommend a bank lender or small company lender? My initial plan was to buy a MFH under $200k, put as little down to increase cash-on-cash. I have a steady job, no debt, good credit, 15k+ in savings for REI, and will owner occupy. Thanks for the advice!

Wow thank you all for the replies!

Thanks @Trevor Smith and @Stan Hill

@Stephen Quesinberry and @Gregory Dunton I will see you guys at the DFW investors meeting July 11th!  Look forward to meeting you both.  Also, yes please send details for the BP meetup in HEB area as you get them.

Thank you Patrick, Great. I'll look into local clubs. Do you have any that you like/recommend? Also, I've got your contact info and will reach out. Thanks again, Kyle

Hello BP folks!

My name is Kyle Adam.  I'm originally from Canada, and grew up in Arlington, Texas.  I currently live in Irving, TX.  I'm looking to enter the home owner and real estate world this year.  I work as a sales engineer Mon-Fri (8-5) in the Dallas area, have zero debt, and a modest savings.  I also have weeknights, weekends, and sweat equity to learn and grow in the community.  I thoroughly enjoy solving problems and helping others.  I hope to find people to work with and learn from throughout this process.

My immediate goal is to buy a multifamily home in the area of Dallas, Irving, Carrollton, Plano, Frisco, or McKinney this year (Oct/Nov 2016).  I plan to live in one unit and rent the other(s) out.  In 2017 I plan to rehab and flip two houses and buy a second multifamily to live in one unit and rent the others.  

I am reading regularly, listening to podcasts, and now searching to connect with others.  Things on my immediate list to learn are: how to find deals, how to purchase, and how to be a landlord.

What would you recommend as a next step given my situation and goals?  Join local investor clubs?  Connect with real estate agents?  I am open to suggestions.  I am teachable, and I want to learn.

Thank you in advance!

Kyle