All Forum Posts by: Tatiana C.

Sure I am Brandon. Would like to connect with you.

Hello, after learning valuable lessons here in BiggerPockets, reading books and listening to podcasts, I'm feeling ready to start investing in real state. I'm overwhelmed with the many options to start so I'm searching for advice, feedback, point of view, anything you great people in BiggerPockets could offer to help me succeed.

My ultimate goal as an investor is to buy and hold enough properties to achieve financial freedom (my freedom number is 20 properties cash flowing 500 after expenses). My short term goal is flipping houses part time until I'm comfortable transitioning to full time, use the income generated for my living expenses and down payment for rental homes. My question is, if you guys have about 40k in savings, what would be the best use of your savings to support the goals I've mentioned above?

1- purchase flips with hard money and use the 40k for the repairs, so you can save in interests?

2- purchase a low investment property in the middle west using a turnkey company for 40K cash, cash flowing about 450 dollars a month after expenses? I thought about after reading the J. Scott book on flipping houses where he discusses that you need a "good resume" so that you can borrow hard money to finance your flips.

3-purchase 4 low investment properties in the middle west (40K each), financed, cash flowing a total of 615 dollars a month after expenses, and use your 40K for the 20% down payment + closing costs? (again considering having a "good resume")

4-purchase 1 property locally in Houston for 200K, financed, use your 40K for a down payment? ("good resume" again)

5- keep the 40K in the bank and use OPM. Could this also improve your resume as it shows savings and low DTI?

6- none of the above? appreciate new ideas! :)

Thanks in advance for your feedback and help.

Blessings to all,

Tatiana C.

Happy birthday Josh! God bless you and thank you for everything! 👏👏🎂🎂🎉🎉🎊🎊🎁🎁🎈🎈😃😃

Hello, I'm new to REI and would love to connect with you guys. I've lived in Katy for a few years and live in Houston now. I see Katy as a good place to invest but would love to hear your thoughts and ideas. I'd love to hear about your meetup. I hope I can make it. Thank you.

Originally posted by @Chris Bounds:

@Tatiana C., Like others mentioned, there is a BP meetup tonight. Jet Lending, a local HM company, hosts one of the largest REI meetings the 3rd Wed. of each month at the Houston Texans Grille. The RICH club has meetings throughout the month. I host one in Sugar Land the first Tuesday of the month.

 Thank you so much, I really appreciate your reply and info.

Originally posted by @Chris Bounds:

Welcome @Philip Schultz, BP is the right place to learn about REI! Be sure to plug into some of the many local REI meetups and network.

Hey Chris, can you recommend a good club to join in Houston? I'm still trying to learn all I can so I can start investing and would love to get a recommendation for a good club to join. I've heard of REIA, RENC, RICH in Houston, what do you think?

Thanks in advance.

Hello @Lyall Storandt, can you send me the info too, Please? Thank you so much.

Hello Renato, Your name sound Brazilian. I'm Brazilian myself living in Houston. Just got to know BP and am doing my research and getting education to start in the real state investing world. All the best to you!