All Forum Posts by: Cuong Le

Many kudos to you @Joel S. on your first property! You get a double high five! If you have numbers you would like to share, that would be awesome. How did you finance it?

Japheth,

Staying in areas that you know well is a great start. @Harish C is another new BP who is in League City. He just rented his first property and is very excited and eager to absorb all the info on BP like you are. We'll see you around.

hi @Japheth Grimm and welcome to BP! So glad you joined. Listen to podcast 33 and 37 which is great for wholesale. I like the approach of learning rehabbing, flip or buy and hold first before wholesaling to give you an edge over other wholesalers who knows nothing about estimating repairs and ARV. If the numbers are fluff, it will be difficult wholesaling. Or you can partner up with someone who can help you. Lots of Houston BP here for you. Which areas are you focusing on?

Hi @Jon Deavers and welcome to BP. Be sure to check out biggerpockets.com/ubg and have your "why" written to take you through what ever you decide. Soak up all the info you can and just start. Best of luck to you!

Hi @Veena R. Going through Champions right now and about to take their refresh course. If you can, try to take the actual class since you will get more out of it but online could be a bit quicker. Good luck!

Welcome @Bri R. to BP! Good to see that you love what you do. If you haven't done so, listen to the podcasts. My favorite is 33 and 37 so far. Lots of BP in the California area. @Mehran K. is very active and he too is from there. Maybe you van share your expertise on what you've seen that could help everyone sometime. Glad you're on board. See you around!

Hi @Jay P. and welcome to BP! That's great to see you in the process of obtaining properties already and starting out very young.

Another member, @Michael Finkelshteyn just graduated from College Station and is currently working on a multiplex here in Houston. He'll be a great person to get some perspective starting out and working through his first deal.

If you have your "why", write that down because this will drive you through the highs and lows of your investing.

Also, posting a profile picture will help you connect with more members. The BP brigade is here to help you so ask questions, stay engaged and encourage others. See you around!

Hi @James Kandasamy and welcome to BP! I'm sure there are plenty of BPers from San Antonio that can chime in and point you in the right direction.

You can also use the search button on the top right corner of the page and type something like "San Antonio Wholesalers" which may connect you to someone.

Posting a profile picture and completing your profile will help get more responses. What is your goal on purchasing wholesales?

@James Ramsey

Like Jerry and Kyle, it really depends if the numbers you want work out. If you figured your profit and rehab works with the $25k, go for it. If not, stick to your offer. The more you budge, the more likely your deal gets worst and worst.

Does it have lots of rehabbing or has some major issue?

How quickly are you able to close? If you had it originally for a month (which is not likely since I'm guessing you're paying cash for this), maybe you can shorten your closing to 2 weeks.

Seller may go with someone else but if your numbers were calculated correctly, they are over paying and in a few years, they may sell it because it's not profitable for them. Now you have a chance to buy it from the and win! Keep us updated on what you end up deciding.

hey @Trevor Schumann and welcome to BP! We too are new and found the podcast to be really helpful. Our favorites are podcast 33 and 37.

There is an upcoming meet up in North Houston this month if you can make it. They just posted so you can do a quick search for it.

Do you have your written your "why"? Your goal of 4plex in the next 6 months is very doable. Let us know other questions you may have. See you around!