All Forum Posts by: Rachel Whiteman

Hello everyone, I would like to purchase a single family home with only 5% down that cash flows at least $300 - $500. Range from $200k- $300k in the surrounding suburbs of houston. I am using the BP calculator, if i put down 20% all these deals cash flow. I would like to rent out to section 8 tenants. It seems the only way these properties i'm finding will make money is if i rent by the room ( i rather deal with 1 family then 3-4 different tenants). OR i could find a cheaper property in the hood for $150k- $170k.

I do not know what to do if i should lower my price range, rent by room, look out of state, wait for the market to go down. i'm already pre approved just need to find a strategy and locate the property. Any advice would be greatly appreciated.

Hello everyone, I would like to purchase a single family home with only 5% down that cash flows at least $300 - $500. Range from $200k- $300k in the surrounding suburbs of houston. I am using the BP calculator, if i put down 20% all these deals cash flow. I would like to rent out to section 8 tenants. It seems the only way these properties i'm finding will make money is if i rent by the room ( i rather deal with 1 family then 3-4 different tenants). OR i could find a cheaper property in the hood for $150k- $170k. 

I do not know what to do if i should lower my price range, rent by room, look out of state, wait for the market to go down. i'm already pre approved just need to find a strategy and locate the property. Any advice would be greatly appreciated.

Hello, if your looking for a good PM check out https://stagecoachmanagement.c...

the owner was featured on bigger pockets podcast and i got to meet him at a local REI here in houston he was so down to earth and may be able to give you advice on how to go about it, he to was an out of state investor from CALI too. ask for Kevin Wood. at the REI he was able to give me advice. goodluck!

YES it is possible. Most millionaires make their money from real estate. Youtube Ben Mallah, Manny koshbin, Meet kevin, Graham stephan, you'll see what is possible with real estate. 

You don't need a degree to invest real estate or be a real estate investor. You will need capital though. There are many different ways to go about raising capital. wholesaling, flipping, selling houses or just working a regular old JOB. Goodluck!