All Forum Posts by: Cuong Le

Same thing for us. If they want the property, they need to have the full amount of the deposit and first month's rent before we give them the keys. If they can't do this, they're likely to give you payment trouble during the rest of the lease.

Like @Robert Leonard suggested, be patient. We've felt the urge to go ahead and fill it but that's a bad idea. We've always had someone come shortly afterward that fit our qualification and it's worth the wait. Good luck.

Hi @Kristi Moore and welcome to BP! Glad you're on here and ready to get started. That's good that you want to start with one strategy and become an expert in that before moving to the next. See many who are jack of all trades but master of none so kudos to you for sticking to one thing at a time.

Have you set up your keywords already or listened to the podcasts?

Write your goals down if you haven't already done so as well as your "why". @Harish C is in League City and is also new to BP. See you around!

Hi @Irene Y. and welcome to BP! Always happy to see young investors starting early. That is one thing I wished I did. The best way to learn on here is staying active and participate as much as you can.

At some point, action needs to be taken because you can learn about everything but nothing teaches best as actually doing it. How we started was using part of our wedding gift to start. We also used hard money and then refinancing to conventional to leverage our money. This way, you don't have to save as much to get started. Of course, this is one of many other ways to get started without having to saving up for a traditional down payment.

Having a full time job is not a factor to being successful in RE. Check out podcasts like 33, 37 and 44. They all have full time jobs and made RE investing work.

Looking forward to hearing great stories from you. See you around.

Hi @Bill Jones and welcome to BP! I'm also interested in creative financing to reduce our cost to leverage our money. With your background, we know you will be able to help a lot of newbies like us. Looking forward to reading more of your post and learning from them. Have you thought about creating a blog and sharing some of your ideas on creative financing?

Welcome @Luke H. to BP! Plenty of Houston BPs here. How are you financing your deals?

Oh, be sure to listen to the podcast 33 with Sam Craven who is from here locally and is doing quite well with wholesaling. Anything we can help, let us know.

Hi @Anthony Brown and welcome to BP! You've come to the right place to learn and stay connected. That's amazing on what you're doing right now and now looking into real estate. Complete your profile and post a profile picture to help you connect with other BPs.

A quick way to learn is listen to the podcasts and read J Scott's FAQs. Another really cool feature is the search button on top right. Before righting a forum post about it, see if you can find it first. Most likely, the question you're looking for is there. If not, post away!

Stay engaged, welcome others, vote on topics that help you and take action. Anything I can do to help, let me know. See you around!

Hi @Randy Bachor and welcome to BP! That's great that you have a couple of deals under your belt. Congratulations! Keep moving forward. Talk to @Joe Fairless on how he quickly moved from a few properties to controlling over $7M of real estate in a short amount of time.

For your flipping venture, check out J Scott's forum posts like the FAQ here. He'll get you in the right direction on flipping.

Hi @Jonathan Curry and welcome to BP! Getting the first property in 2014 is very doable! Have your written "why" and goals and work backward to how you're going to do it. Listen to podcasts and stay engaged to keep you going but don't over analyze because this could keep you from taking action. Let us know if we can help you in any way. See you around!

Hi @Chloe Bowman and welcome to BP! Sorry to hear about your grandma. Like many of the members here have mentioned, it really depends. You mentioned that your goal was to get enough properties to provide income for the retirement/vacation home money so having this first house as a rental is what we would do. Plus, if the area is projected to grow, rent is likely to increase so much cha chings. The first property was the hardest for us but trust me, you'll learn so much which will give you a bit more confidence for each future property.

Oh, do you have you're "why" written down? This will help pull you through any challenging times (you'll have them). Listen to podcast 48 if you haven't done so. Darren started in 1998 and he is now financially free. Awesome right?!

Hi @Travis West and welcome to BP! That's awesome that you had a goal to buy your first property and now you're working on flipping your second. Looking forward to hearing about your third property...see you around Travis.