Hi Pete,
I'm in Victoria and I remember you when I worked at VPD. I was Records, Cheryl. Left in 1997. Good to see you on this site. I am new here too. Our first rental was my house before marriage. My husband & I started buying rental property about 6 years ago anticipating retirement. It was scary but God blessed Texas with Eagle-ford Shale. It has been good down here with the oil boom. We are experiencing our first eviction and wouldn't you know the guy appealed it. Best advice I can give you is save, save, save and try to pay cash for rental property. Stuff happens. Always have a safety net so you do not have to borrow for repairs, etc. Don't count on tenants for monthly payments of a house you are buying. Cash talks and buy low. Don't get in a hurry there is always a good deal. Wait for it and jump on it. Good to see you here.
