All Forum Posts by: Reese Brown

This would be my first invest property. I am investing with my wife and my parents. This property is a duplex that is located 3 blocks from a local university. In the early stages so there are some minor discrepancies when it comes to size but it is 2 units both 2 bed 1 bath and anywhere from 500-800 sqft each unit. Property is listed for $150,000 and is occupied with one unit bringing $800 and the other beinging $850. Current lease agreement owner pays water bill. Any suggestions or input as this is a first property I am serious about I want to make sure I think over everything. 

 dm sent

 Where can I learn more about this? 

 I am actually a newly licensed realtor so I’m basically learning it all at once. That being said I have read and listened too a lot and have come across deals that seem good but I think I’m just hesitant to jump on it.

So I am ready to purchase my first investment property. I would preferably like to stay close to my area (Abilene, Texas) so I can manage it myself. I am looking at single family or duplex for long term rental. Ideally would like to get my feet wet for under $150,000. So far I have looked at several properties but can't seem to find the one that seems like it would cash flow and appreciate. Does anyone have any suggestions on buying their first property that can help get me going?

 In your opinion what do you think is the best property to start with? A flip, single family rental or small multi family rental?

I am a new real estate agent and also looking into getting into investing into real estate also. This is something that I have always wanted to do but finally decided to make the career switch and go for it. Mainly looking into flipping some houses and also small multifamily properties as long term rentals. Looking forward to getting started and looking forward to any advice anyone has.